Big Tech's Auto Dreams Are Stuck in the Slow Lane

Most of those efforts haven't died, but the hype has faded considerably. Apple seemed to make the biggest reversal, reportedly laying off more than 200 workers last year from its autonomous-car effort called Project Titan. Google is still at it, with its Waymo car venture now offering a highly limited taxi service in Phoenix. But Waymo remains buried in parent company Alphabet Inc.'s GOOG -0.06% "other bets" segment, where it doesn't appear to be generating much actual business. The company's most recent quarterly filing said Other Bets revenue is still derived primarily from its broadband service once known as Google Fiber and licensing from its Verily Life Sciences venture. Intel, meanwhile, hasn't exactly revved up with Mobileye.