• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech AI

Waymo Aiming to list publicly while Executives are quitting

by Meghana Kandra
May 20, 2021
in AI, Cars, Electric Vehicles
Reading Time: 2 mins read
0
Waymo Aiming to list publicly while Executives are quitting
TwitterWhatsappLinkedin

Professor of robotics at Carnegie Mellon University, Raj Kumar says, “Waymo is stumbling and bumbling. Right now it looks like it’s moving toward nothing.”

You might also like

McLaren Returns to Le Mans with All-New Hypercar for 2026

Tesla Upgrades Model S and Model X in U.S., Raises Prices by $5,000

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

Waymo drops 'self-driving' from its name, opts for 'autonomous driving'  instead – Geospatial World
Image credits- Geostaptial World

Waymo is part of the parent company Alphabet. However, the company now plans to raise $4 billion and eventually list it publicly. Here the questionable incidents are not just the amount the company plans to raise, but also the number of executives it keeps on hiring.

Concerns about its strategies

The technology isn’t even ready yet, and the company is still at the stage of worrying about which executive to hire. This year, since February Waymo lost six executives, which includes John Krafcik. He was among the few who stayed the longest in Waymo, and his departure came as a shock.

Since 2017, the company has given multiple promises of self-driving cars. Each time, John Krafcik was the one to point out that they are finished with the product. And only a couple of months far from providing their service where a customer is being transported from one place to other.

However, as he quit in April, more people are questioning the stance of Waymo. Other than the testing cars in Pheonix, there haven’t been major progressives.

On the other hand, Alphabet has been tightening its budgets other than the Waymo segment. As recent as Wednesday, Alphabet’s shares gained 1.3% valuing $2,271.50.

Waymo’s previous funding

Besides its parent company, Waymo raised a $2.25billion financing round. Then, the investment came from some automotive companies and Silver Lake Management LLC. Though the last year’s funding was later increased to $3.25 billion, this time such positive results seem unlikely.

Only in April, the company said they are open to further investments. As said by a senior analyst at PitchBook, “It just signals that developing this technology continues to be capital intensive. The enthusiasm may be greater outside its parent company than inside.”

On the contrary, John Krakcik is still an advisor for the company. The autonomous driving system, especially when it involves the safety of humans is taking time. Every other company working towards the autonomous driving system, including Tesla, is all in the delay. Furthermore, for robotaxis the car is supposed to be cheaper. It is a challenge while the car uses LiDAR system, needing more lasers beans all around the car.

Building a commercial vehicle that is autonomous is a new era, and not one autonomous driving system produced currently is safest. Except for Tesla, which partially is getting better with each version update of FSD Beta.

 

Tags: Alphabet WaymoAutonomous driving carsGoogle WaymoWaymo
Tweet54SendShare15
Previous Post

Ford Receives Double-Congrats From Elon Musk

Next Post

Report: The May 19th Bitcoin crash was planned!

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

McLaren Returns to Le Mans with All-New Hypercar for 2026

by Samir Gautam
June 15, 2025
0
McLaren Returns to Le Mans with All-New Hypercar for 2026

McLaren has officially announced its long-awaited return to top-tier endurance racing, unveiling its Hypercar for the 2026 FIA World Endurance Championship (WEC), which includes the prestigious 24 Hours...

Read more

Tesla Upgrades Model S and Model X in U.S., Raises Prices by $5,000

by Samir Gautam
June 14, 2025
0
Tesla Upgrades Model S and Model X in U.S., Raises Prices by $5,000

Tesla has announced a round of upgrades for its high-end Model S and Model X electric vehicles in the United States, accompanied by a price increase of $5,000...

Read more

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

by Rounak Majumdar
June 14, 2025
0
NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Gensol Engineering Limited (GEL) and its subsidiary, Gensol EV Lease (GEVL), into insolvency proceedings following a petition by...

Read more
Next Post
How to mine Bitcoin

Report: The May 19th Bitcoin crash was planned!

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?