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Image Credit: Siliconangle

Waymo raises $5.6B to grow its autonomous taxi service

  • Waymo, Alphabet's autonomous driving unit, has closed a $5.6 billion funding round led by its parent company.
  • The funding will be used to enhance Waymo's autonomous driving system and expand its vehicle testing program and ride-sharing service.
  • Waymo plans to bring autonomous vehicles to Austin and Atlanta through a partnership with Uber.
  • The funding could also allow Waymo to invest in emerging use cases such as food delivery and autonomous freight transport.

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