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UNIS:WAY, Jul 15, 11:32 UTC

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Monday, June 29


News

Alphabet's Waymo and Volvo Collaborate on Driverless Cars

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Notably, Alphabet’s Waymo has partnered with Volvo to develop a new self-driving electric vehicle for use in a ride-hailing service. Per the deal, Volvo will take care of the design and manufacture of the vehicles, while Waymo will work on artificial intelligence. We believe that Alphabet’s expertise in data collecting, storing and monetizing makes it a formidable player in the autonomous driving market. The latest move of Alphabet is a testament to its aggressive stance toward strengthening presence in the booming self-driving vehicles market.

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Friday, June 26


News

Alphabet's Waymo and Volvo Make A Deal To Develop Robotaxis

WAY

Alphabet's Waymo and Volvo Make A Deal To Develop Robotaxis. Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Waymo and Volvo Cars Group announced an exclusive strategic partnership Thursday to integrate Waymo Driver, a fully self-driving technology, into a new electric vehicle to be used for ride-hailing. Adam Frost, the chief automotive officer for Waymo, said, “This key partnership with Volvo Car Group helps pave the path to the deployment of the Waymo Driver globally in years to come, and represents an important milestone in the highly competitive autonomous vehicle industry.”. Volvo separately also has a four-year deal with Uber Inc (NYSE: UBER) under which it supplies the ride-hailing company with a special XC90 vehicle whose hardware is capable of autonomous driving.

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News

Volvo Cars, Alphabet’s Waymo partner to build self-driving vehicles

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Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride hailing use, as part of a new global partnership, the companies said on Thursday. Waymo, a unit of Silicon Valley's Alphabet Inc, said it will be the exclusive global partner for Volvo Cars for developing self-driving vehicles capable of operating safely without routine driver intervention. Volvo, owned by China's Zhejiang Geely Holding Group Co , has a separate agreement to deliver vehicles to ride hailing company Uber Technologies Inc that Uber will equip to operate as self-driving vehicles. The Waymo-Volvo deal marks a return by Waymo to its early goal of rethinking how cars that can pilot themselves should look. Since retiring its Firefly self-driving car in 2017, Waymo has retrofitted its software and sensors into conventional vehicles such as Chrysler Pacifica minivans.

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Thursday, June 25


News

Volvo Cars, Waymo partner to build self-driving vehicles

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DETROIT (Reuters) - Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride hailing use, as part of a new global partnership, the companies said on Thursday. Waymo, a unit of Silicon Valley's Alphabet Inc <GOOGL.O>, said it will be the exclusive global partner for Volvo Cars for developing self-driving vehicles capable of operating safely without routine driver intervention. Volvo, owned by China's Zhejiang Geely Holding Group Co [GEELY.UL], has a separate agreement to deliver vehicles to ride hailing company Uber Technologies Inc <UBER.N> that Uber will equip to operate as self-driving vehicles. The Waymo-Volvo deal marks a return by Waymo to its early goal of rethinking how cars that can pilot themselves should look. Since retiring its Firefly self-driving car in 2017, Waymo has retrofitted its software and sensors into conventional vehicles such as Chrysler Pacifica minivans.

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Tuesday, June 02


News

Waymo’s Robot Minivans to Operate in Bay Area for First Time Since Covid-19 Outbreak

WAY

Waymo, the self-driving unit of Alphabet (GOOGL), will be getting back on the road in the Bay Area roads for the first time since the company halted its public testing in early March because of the coronavirus outbreak. Waymo’s self-driving cars will be put to use delivering packages in order to comply with restrictions that have otherwise kept their autonomous vehicles off the road. Waymo’s robot minivans are already back on the road in Phoenix as well as the company’s private test facility in California’s Central Valley. “After careful consideration and active conversations with our teams, partners, and local and state authorities, we’ve begun over the last several weeks to resume our driving operations in Phoenix," a Waymo spokesperson said in a statement. "Soon San Franciscans will also begin to see some Waymo vehicles back on the road, and we’re proud to provide charitable delivery support to community partners.

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Friday, May 22


News

Waymo's Chief Safety Officer is Stepping Down From Her Role - FutureCar.com - via @FutureCar_Media

WAY

Waymo, The self-driving subsidiary of parent Alphabet Inc., is considered by many to be the leading company working on self-driving cars. "We can confirm that Debbie has decided to return to her family home on the east coast and will continue on as a consultant to Waymo," the company said in a statement. After leaving the NTSB, she was hired as president and CEO of the National Safety Council in 2014, before joining Waymo in early 2019 to oversee Waymo's product safety program. "Debbie has always been a strong champion for safety, and she is perfectly positioned to lead Waymo through the next phase of their self-driving vehicle program said Board Chairman Mark Vergnano."

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Thursday, May 21


News

Top safety official at Waymo self-driving unit stepping down

WAY

Hersman, the former chair of the U.S. National Transportation Safety Board (NTSB), joined the company in 2019 to oversee its product safety program. "We can confirm that Debbie has decided to return to her family home on the east coast and will continue on as a consultant to Waymo," the company said in a statement. A Waymo spokeswoman praised Hersman for "leading the growth of the safety team, establishing Waymo’s safety board as we responsibly progress our technology, and championing Waymo’s culture of safety." Founded 11 years ago as a small project inside Google, Waymo is now widely considered the leader in developing self-driving technology. But Waymo and its principal rivals are still years away from building large-scale businesses around that technology, analysts believe.

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News

Top safety official at Waymo self-driving unit stepping down

WAY

Hersman, the former chair of the U.S. National Transportation Safety Board (NTSB), joined the company in 2019 to oversee its product safety program. "We can confirm that Debbie has decided to return to her family home on the east coast and will continue on as a consultant to Waymo," the company said in a statement. A Waymo spokeswoman praised Hersman for "leading the growth of the safety team, establishing Waymo’s safety board as we responsibly progress our technology, and championing Waymo’s culture of safety." Founded 11 years ago as a small project inside Google, Waymo is now widely considered the leader in developing self-driving technology. But Waymo and its principal rivals are still years away from building large-scale businesses around that technology, analysts believe.

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Wednesday, May 13


News

Another Fundraise, As Self-Driving Startup Waymo's Investment Hits $3B In 2020

WAY

Waymo, the autonomous driving unit of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), announced Tuesday that it has raised a further $750 million in external investment. Waymo's idea of raising $3 billion in external investment when its parent company is cash-rich Alphabet might raise some eyebrows. However, companies like Waymo and Cruise, the autonomous vehicle (AV) unit of General Motors (NYSE: GM) going for external funding only highlights the financial strain that autonomous driving technology development can place on companies. The massive investment that Waymo has raised also signifies the trust investors have in Waymo, as it continues to be a market leader in the AV market. Waymo's sentiment is in line with the current market scenario in which Cruise has raised over $7 billion from external investors, including Honda Motor Co. (NYSE: HMC), while Ford Motor (NYSE: F)-backed Argo AI committed Volkswagen (OTC: VLKAY) to an investment of $2.6 billion.

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Tuesday, May 12


News

Waymo raises another $750 million for its self-driving car technology

WAY

Three evenly spaced dots forming an ellipsis: "...".Two crossed lines that form an 'X'. Waymo said Tuesday that it has raised another roughly $750 million for its self-driving technology, expanding the size of its first external investment round to $3 billion. Why it matters: With the coronavirus pandemic likely to speed consolidation among self-driving tech firms, investors are lining up behind companies they see as the most likely winners. Until early March, when it announced a $2.25 billion financing round, Waymo had been funded entirely by Google and its corporate parent, Alphabet. The bottom line: Waymo CEO John Krafcik tells Axios the pandemic has underscored how fully self-driving technology can provide safe and hygienic personal mobility and delivery services.

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