Google ready to spin off self-driving car business

Google is ready to ‘graduate’ its self-driving car business into a stand-alone operation, according to Forbes. Speaking at the Nikkei Innovation Forum in Palo Alto this week, Google CEO John Krafcik, said, “Around a year ago we announced this new Alphabet structure and the ‘bet’ of Alphabet is sort of shorthand for these new entities that are forming within this new corporate structure. So this self driving car project is on its way to what we call a graduating project.” The announcement follows Googl
October 28, 2016 Read time: 1 min
1691 Google is ready to ‘graduate’ its self-driving car business into a stand-alone operation, according to Forbes.

Speaking at the Nikkei Innovation Forum in Palo Alto this week, Google CEO John Krafcik, said, “Around a year ago we announced this new Alphabet structure and the ‘bet’ of Alphabet is sort of shorthand for these new entities that are forming within this new corporate structure. So this self driving car project is on its way to what we call a graduating project.”

The announcement follows Google’s decision last December to create Verily Life Sciences (formerly Google Life Sciences), focused on using technology to better understand health, as well as prevent, detect, and manage disease.

Krafcik did not elaborate on the future name for the independent autonomous car unit, which will apparently happen “soon.”
Location Based Systems

For more information on companies in this article

Related Content

  • Car to car communications a step closer
    December 14, 2012
    Vehicle manufacturers have targeted 2015 for the first cars to roll off European assembly lines fitted with operational V2X technology. They and their partners in the Car 2 Car Communications Consortium are confident of meeting the target, reports Jon Masters. Around three years from now vehicles should be appearing in showrooms boasting the capability of communicating with each other. Manufacturers will have started fitting the first proprietary car-to-car driver-aid safety devices and deployment of ‘vehic
    Read More
  • CES 2020: ITS does Vegas
    March 3, 2020
    Keen to find out what the future holds, 170,000 people gathered in Las Vegas for CES 2020 to see 20,000 product debuts and 4,400 exhibitors... and ITS International was there too (All images: CES®)
    Read More
  • Smart Cities put people, prudence and businesses before technology
    December 4, 2014
    Caroline Haynes tells ITS International that transport planners and equipment suppliers need to adopt different thinking and the smartest cities don’t call themselves smart. The term Smart Cities has been around for some time and has become something of a catch-all term applied to novel or futuristic technology deployed in an urban setting.
    Read More
  • Trafficware: Digitised transport tech ‘is the new asphalt’
    April 16, 2019

    Trafficware provides the tech to manage intersections all over the world. Colin Sowman asks CEO Jon Newhard about the ‘questions behind the questions’

    Last year, Trafficware CEO Jon Newhard negotiated the company’s acquisition by Cubic Corporation and now serves as general manager of Trafficware within Cubic’s Transportation Systems business unit.

    Read More

Highlighted Content