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

  • TRL answer key questions on urban traffic control
    March 21, 2014
    PC-based urban traffic control (UTC) continues to grow. Gavin Jackman, Head of Traffic and Software at TRL, looks forward. 1. PC-based urban traffic control is now very well established throughout the world. What have been the most significant developments or new features that have become available over the last two years? That’s a really interesting question because, from a software perspective, a few things are noticeable. Firstly, there are more players on the market – TRL’s Transyt Online, Imtech’s Imf
    Read More
  • Nissan Unveils advances in connected car technology
    April 10, 2012
    Carlos Ghosn, Nissan Motor Company's chief executive officer, has unveiled initiatives in automotive communications technology intended to move Nissan and Infiniti into a leadership position in the connected car content and services market. In announcing the collaboration with companies such as Google, Pandora Radio and Intel at the New York International Auto Show, Ghosn said, "It's clear that consumers expect to be connected wherever they are, and that includes the time spent in their automobiles. To mee
    Read More
  • Sidewalk Toronto decision delayed to June
    April 27, 2020
    Covid crisis pushes back a decision on Toronto waterfront smart city plan
    Read More
  • Watch your step: the sidewalk robots are here
    March 14, 2023
    The way we order and pay for goods has changed radically – but what about how those goods are delivered? Gordon Feller looks at how sidewalk robots might reshape the urban landscape
    Read More

Highlighted Content