autonomous driving aspirations
are pretty well-known at this point. The company formerly known as
Google owns Waymo
, and as a way to further its interests in the space, it's apparently considering a $1 billion investment in
according to Bloomberg
. What does Lyft have to do with self-driving cars, pray tell? In May,
and Lyft announced they
were working together
on testing self-driving taxis. Two months later
it would start developing an autonomous platform as a "core" part of its business and that it'd begin licensing the tech out to hardware manufacturers (think:
). This would give Alphabet another leg up in the space.
If you'll remember, Alphabet was an early
investor, which gets tricky when you realize that Waymo is
currently suing Uber
over theft of trade secrets.
that the investment is being pushed by top-level executives rather than Alphabet's in-house investment fund organizations. This has been your daily ride-hailing app business-deal update for Friday, September 15th, 2017.