Google invests $5 billion in Waymo, reigniting the autonomous car race

Through its parent company Alphabet, Google has made a substantial $5 billion investment in its subsidiary Waymo, reinforcing its leadership in autonomous driving technology. Waymo, which has been testing autonomous vehicles since 2015, has accumulated more miles than its competitors—an essential factor in refining the vehicles' artificial intelligence. This extensive experience has enabled Waymo to become the first company to commercially operate robotaxis. Today, it boasts a fleet of 600 robotaxis in San Francisco, Los Angeles, and Austin.