Tuesday, May 23, 2017

Alphabet’s self-driving car division could be worth $70 billion

If you don’t think self-driving cars are going to radically change the way we travel, you haven’t been paying attention. The technology behind them has matured at a ridiculous rate, and the businesses working on them are transforming into super-unicorns, worth tens of billions of dollars. Earlier today, Morgan Stanley analysts Brian Nowak and Adam Jonas said that Waymo, Google’s (or rather, Alphabet’s) self-driving car unit, could be worth $70 billion as a spin-off company. That’s roughly what Uber was valued at last December, and around 45 times the value of rival autonomous vehicle company, Zoox. Waymo’s tech is probably…

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