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Pretty sure self-driving will be the biggest loss, theyll make money from it and have relevance but itll be way less than they put into it so early
by tmpz22 6y ago
Pretty sure self-driving will be the biggest loss, theyll make money from it and have relevance but itll be way less than they put into it so early
- eru 6y agoDo you know how much money Google has ever invested in Waymo ever? I tried to search for a number, but couldn't come up with much. Obviously, this number would be very important in judging whether self-driving will be a loss for them.
- tmpz22 6y ago> Google had spent $1.1 billion on the project [1] The wikipedia also mentions Waymo raising ~2B and ~3b rounds that IIRC Google participated in as well. I'm surprised its so low honestly. [1]: https://en.wikipedia.org/wiki/Waymo https://en.wikipedia.org/wiki/Waymo
- eru 6y agoThanks. I should have thought to check on Wikipedia! If you are willing to wait and just judge by eventually realised revenue, Waymo might still turn out to be a loss. But if you judge by current valuations (which reflect informed investors best guess of future revenue streams), then even after a recent major decrease we still have 30 billions USD. That looks pretty decent for an investment of 1.1B + ~3B total.