> Can anyone explain why does Waymo need to raise any money? Doesn't Alphabet have practically infinite pockets? If they are confident of Waymo, why would they

> Can anyone explain why does Waymo need to raise any money? Doesn't Alphabet have practically infinite pockets? If they are confident of Waymo, why would they want to share the profits with anyone else ever? It's not just about getting money, it's also about getting money from the right people. Investors with the pull/clout/insight/etc they need. Investors who know people or who know people who know people. Perhaps people who have political connections or regulatory access. People with insight in the automotive industry. People with ties to media for favorable coverage. It's about getting money from people in position to help them. It's like a movie production that bring in producers who has connections to local governments that can expedite the process of shutting down a bridge or highway to film on for a day. Alphabet has "limitless" amount of money but there is also a "limitless" amount of money outside of alphabet wanting to buy into waymo. So for waymo, it's really not about getting money but getting the right type of investors. It's a two way street. Investors want to buy into waymo and waymo wants to buy into investors.