Google will once again invest $5 billion in its autonomous driving division Waymo! Alphabet's "Other Bets" division, which includes Waymo, generated $365 million in revenue in the second quarter, up from $285 million in the same period last year, but losses also widened from $813 million to $1.13 billion. Waymo provides 50,000 paid rides per week, mainly in San Francisco and Phoenix, and has completed 2 million rides to date. In June this year, Waymo also removed its waitlist and opened its ride-hailing service to all San Francisco users.
Waymo raised $2.25 billion in its first external funding round in 2020 and another $2.5 billion in 2021, attracting investments from many well-known institutions.
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