Alphabet's Waymo, Lyft Team Up For Self-Driving Collaboration

Waymo, the former self-driving project of Google, now part of the parent company Alphabet, and ride-hailing service Lyft have forged a partnership to work together on self-driving technology. The two companies will jointly test autonomous cars on the road, and the development will likely challenge Uber, Lyft's rival and currently the world's largest ride-hailing company. The purpose of the collaboration is to commercialize autonomous driving technology and make it mainstream, starting with pilot projects and product development efforts, according to two sources familiar with the agreement who spoke to the New York Times. While the details were not officially disclosed, both companies confirmed the deal. In a statement emailed to news outlets, including Bloomberg, a Lyft spokesperson said: "Waymo holds today's best self-driving technology, and collaborating with them will accelerate our shared vision of improving lives with the world's best transportation."