Google spent at least $1.1 billion on self-driving cars before it became Waymo (GOOGL)
We finally have an idea of how much Google has poured into self-driving cars.
Between 2009 and 2015, Google spent at least $1.1 billion to develop the tech powering its self-driving cars, IEEE Spectrum’s Mark Harris first reported. The details were made public in a court filing that shows the August 24 deposition of Shawn Bananzadeh, a financial analyst at Waymo, the self-driving car company that was spun out of Google.
Bananzadeh was testifying as part of Waymo’s lawsuit against Uber, which claims the ride-hailing company stole intellectual property and trade …read more
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