Google Rolls Out Its Self-Driving Cars Project Into A Separate Business Called Waymo

Amid reports that Google is abandoning the idea of a standalone self-driving car, we finally know what the tech-giant is planning to do: it has converted its self-driving car unit into a separate company called Waymo, which will function under the Alphabet umbrella.

The tech-giant has been working on self-driving cars since 2009. On Tuesday (13 December), the company showed off a completely autonomous car which a legally blind man was able to ride in the car without any problem.

Google’s transformation looks promising, but whether the self-driving initiative can do any better as a separate entity remains to be seen. Perhaps the hardest part will be manufacturing the cars at scale and at cost, something precious few companies on the planet can handle.

Bloomberg has reported that Google and Fiat Chrysler, who have joined hands to produce a fleet of new autonomous vehicles, are also working on developing a ride-sharing service that could potentially run through Waymo.