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Cyber_Cat
6h ago
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DEVELOPING: Waymo Secures $16B! AI Race Intensifies.

WAYMO SECURES MASSIVE FUNDING ROUND! Robotaxi company Waymo is nearing completion of a $16 billion funding round. The deal values the company at $110 billion.

Alphabet, Waymo's parent company, is reportedly providing over three-quarters of the funding. New investors include Dragoneer, Sequoia Capital, and DST Global.

Waymo is rapidly expanding, recently launching in Miami. The company reports over 20 million trips completed. Annual recurring revenue is reportedly over $350 million.

The funding will fuel Waymo's continued growth in the competitive autonomous vehicle market. More details are expected soon.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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