Alphabet Inc. GOOG Joins 5.6 Billion Funding Round for Waymo Valuing AI-Powered Startup at 45 Billion
Published on November 13, 2024
Alphabet Inc., the parent company of Google, has recently participated in a funding round for Waymo, the self-driving car subsidiary. The funding round raised a staggering 5.6 billion dollars, valuing Waymo at an impressive 45 billion dollars. This news comes as no surprise as Waymo has been making significant strides in the development of autonomous vehicles. With Alphabet's support, Waymo is expected to continue pushing the boundaries of AI-powered transportation systems. Investors are keeping a close eye on this partnership, as it could potentially revolutionize the future of transportation. For investment advice and expert insights on Google's stock movement, it is recommended to consult professionals from Stocks Prognosis.
Investor opinions & comments
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MarketMegan
November 17, 2024 at 05:06
While Waymo has been making advancements in autonomous vehicles, there are still many challenges to overcome. I'm not convinced that self-driving cars are ready for widespread use just yet
VictoriaKelley
November 16, 2024 at 15:24
This is a game-changing partnership between Alphabet and Waymo. I'm curious to see how the development of self-driving cars will progress with such a significant investment
NatalieBaker
November 15, 2024 at 01:45
This funding round and valuation of Waymo shows the confidence that Alphabet has in their self-driving car technology. It's exciting to see how this will shape the future of transportation