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Alphabet To Invest Another $5 Billion Into Waymo
During Alphabet's second-quarter earnings call today, Alphabet CFO Ruth Porat announced the organization will spend an additional $5 billion on its self-driving subsidiary, Waymo. "This new round of funding, which is consistent with recent annual investment levels, will enable Waymo to continue to b...
"This new round of funding, which is consistent with recent annual investment levels, will enable Waymo to continue to build the world's leading autonomous driving technology company," said Porat. TechCrunch reports: Porat noted that Google will focus on improving overall efficiencies in its "other bets" segment, which includes innovative projects that are distinct from the tech giant's core search and advertising business. "Waymo is an important example of this, with its technical leadership coupled with progress on operational performance," Porat continued.
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