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Alphabet reportedly considers a $1 billion Lyft investment

From Engadget - September 15, 2017

Alphabet's autonomous driving aspirations are pretty well-known at this point. The company formerly known as Google owns Waymo, and as a way to further its interests in the space, it's apparently considering a $1 billion investment in Lyft according to Bloomberg. What does Lyft have to do with self-driving cars, pray tell? In May, Waymo and Lyft announced they were working together on testing self-driving taxis. Two months later Lyft announced it would start developing an autonomous platform as a "core" part of its business and that it'd begin licensing the tech out to hardware manufacturers (think: Ford, General Motors and Chrysler). This would give Alphabet another leg up in the space.

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