(Original caption: Court reveals Alphabet's $1.1bn investment in self-driving cars)
Netease Technology News September 16 news, according to "Financial Times" reported, leaked court documents show that between 2009 and 2015, Google (now reorganized into Alphabet) spent at least $ 1.1 billion for the development of unmanned technology This highlights Google’s depth of investment in unmanned technology.
This Silicon Valley company is the parent company of the driverless auto company Waymo and one of the first technology groups to develop autonomous vehicles. Over the years, Google has consistently refused to disclose the exact resources it spends on drone projects. However, due to clerical errors, a court document disclosed that the cost of the project from 2009 to the end of 2015 was approximately $1.1 billion, and this figure does not include employee stock options and company internal costs. In addition, the expenditure data after this time period has not been disclosed.
As technology companies and automakers rush to invest in driverless technology, Alphabet's investment data disclosure provides valuable data for current debates on whether it is more efficient to acquire driverless technology or to develop similar technologies in-house. The huge amount of money to acquire the driverless car business has set off a gold rush in Silicon Valley start-ups, and GM’s $1 billion acquisition of Cruise and Intel’s $15 billion acquisition of Mobileye’s transaction further promoted this trend. Uber, a car service company, also spent $680 million last year acquiring Otto, a start-up company for driverless trucks.
What makes the Alphabet unique is that its unmanned system is almost entirely self-developed, including the manufacture of specialized sensors such as laser radar for detecting distances. According to Bloomberg, Alphabet also negotiated with Uber’s US competitor Lyft, planning to invest up to one billion U.S. dollars in the latter. Earlier this year, Waymo and Lyft confirmed that they are working on related cooperation but did not specify the details that cooperation may involve. Waymo has tested driverless taxi service in Phoenix, Arizona.
This $1.1 billion investment figure is part of the court case. In this case, Alphabet subsidiary Waymo is suing Uber on the grounds of allegedly stealing trade secrets, but the latter denied the allegation. The case led to fierce battles in legal proceedings, prompting Uber to fire his driverless automotive engineer Anthony Levandowski because he invoked the terms of the Fifth Amendment and refused to cooperate with the court. survey. This legal dispute also deepened the discord between Alphabet and Uber, despite Alphabet being one of the company’s largest shareholders, and Alphabet’s additional investment in Uber in 2013.
In a case against Uber stealing Waymo intellectual property and trade secrets to develop its own driverless technology, Waymo's financial analyst Shawn Bananzadeh appeared in court to testify that Waymo was stripped out in 2016 Before the independent subsidiary, Alphabet spent at least US$1.1 billion to develop driverless technology. Waymo has not responded to requests for comment. (small)
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