waymo and gm just
Waymo and GM just made big moves in the great self-driving-car race
Tens of thousands of new cars and more than $2 billion in new investment are setting up a showdown between the two organizations. For Waymo … this demonstrates the firm's commitment to commercialize, either by building out its autonomous taxi fleet or by selling robot cars to the public. For GM … the automaker gets a major cash infusion to catch up to self-driving rivals. Its shares skyrocketed after the announcement. Why it matters: Alphabet's Waymo is in the lead when it comes to self-driving technology--but it'll have a fight on its hands, and GM wants to be a contender.