Alphabet to invest another $5B into Waymo

Alphabet will spend an additional $5 billion on its self-driving subsidiary, Waymo, over the next few years, according to Ruth Porat, the company’s chief financial officer. Porat announced the commitment to a new “multi-year investment” Tuesday during Alphabet’s second-quarter earnings call. “This new round of funding, which is consistent with recent annual investment levels, will […] © 2024 TechCrunch. All rights reserved. For personal use only....