Alphabet's Waymo and Volvo Collaborate on Driverless Cars
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.