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Self-driving tech is expensive. It's costly to design, create, and manage. I wonder how quickly that $2.25 billion will be used up. For comparison (because I w
by tannerc 7y ago
Self-driving tech is expensive. It's costly to design, create, and manage. I wonder how quickly that $2.25 billion will be used up.
For comparison (because I was curious how this ranks amongst other big funding rounds): Uber raised $7.7b from secondary funding in 2017. Airbnb series E was $1.5b. WeWork series G was $4.4b. And in 2018 Ant Financial raised a whopping $14.4b series C!
- microtherion 7y agoI'm reminded of a recent article in The Information that estimated that at least $16B were spent on autonomous driving by the industry overall, and about $3.5B by Alphabet specifically: https://www.theinformation.com/articles/money-pit-self-driving-cars-16-billion-cash-burn https://www.theinformation.com/articles/money-pit-self-drivi...