Waymo could be worth as much $175 billion — here’s a brief history of the Google Car project (GOOGL) – Finance

  • Waymo, previously the Google Car project, is almost 10 years.
  • After more than eight million miles on the plane, Waymo is preparing for commercialization in 2018 and 2019.
  • Morgan Stanley tied the cost of Waymo to 175 billion dollars.

Waymo almost a decade ago. What started as a hidden event Google X Lab, is now on the verge of a commercial business that plans to launch in a limited market this year and expand it in 2019.

Since 2009, Waymo has collected more than eight million miles on an airplane using various platforms. In addition, one of the autonomous pioneers worked on the project: Sebastian Throne, Chris Umson, Anthony Lewandowski. Spunoff of Alphabet, The parent company of Google, in 2016, Waymo is currently managed by John Krafcik, an experienced auto industry executive.

Morgan Stanley recently tied the potential value of Waymo to a stunning $ 175 billion (a range of $ 50 to $ 75 billion is what many analysts previously proposed). This was mainly due to the ambitious goals of Krafcik aimed at the market, which include not just an autonomous helicopter ride of the type currently being piloted in Phoenix, Arizona, as well as a logistics / delivery unit and a technology licensing structure.

Following the project of Google Car, and then with Waymo with enthusiasm and skepticism for many years, I have recently been delighted at how quickly Krafcik and his team turned a grandiose experiment into a big business. The big question, which arose around 2015, is "What is Waymo really going to do with all these millions of miles?"

Now we know.

At this stage, it's worth taking a look at how Waymo evolved. This is a story of absolute commitment to future technology. The alphabet has always wanted Waymo to understand correctly and was willing to patiently cultivate and invest for an amazingly long time.

Thrun and his team at Stanford won the DARPA Grand Challenge.


Thrun and his team at Stanford won the DARPA Grand Challenge.
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Thrun and his team at Stanford won the DARPA Grand Challenge.

(Damian Dovarganes / AP)

Throne and his colleagues from Stanford captured the victory in 2005, taking a difficult course off-road car. For many observers, this was the beginning of the homemade era of the car.

The Google X project is implementing the project.


The Google X project is implementing the project.
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The Google X project is implementing the project.

(Eric Reesberg / Associated Press)

Lab X focuses on a variety of Google ideas from Glass to Waymo. Projects are called "lunar snapshots".

The Google Car Project starts using self-service technologies on the Toyota Priuses …


The Google Car Project starts using self-service technologies on the Toyota Priuses ...
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The Google Car Project starts using self-service technologies on the Toyota Priuses …

(Google)

The period of 2012 was an early day for Google Car. Toyota cars were used to support the hardware technologies needed to study the many problems of self-propelled vehicles.

… and Lexus.


... and Lexus.
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… and Lexus.

(Screenshot)

The SUV was a larger platform.

In 2014, an image of a self-made car called "Firefly" will appear.


In 2014, an image of a self-made car called "Firefly" will appear.
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In 2014, an image of a self-made car called "Firefly" will appear.

(AP / Tony Avelar)

For most outside observers, the Firefly car was symbolized by Google Car. Under certain circumstances, it will be checked by the minus of the steering wheel. But that does not mean that Google is going to become an automotive company.

Interestingly, although Firefly was involved in accidents, most of them were bends that were the culprits of riders in other vehicles.

Google takes its technology to the streets.


Google takes its technology to the streets.
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Google takes its technology to the streets.

(Https://waymo.com/ontheroad/)

Google Car spent most of its early testing period in California, but after 2013 in states where there were cars on public roads, there were Arizona, Michigan and Texas.

Krafcik becomes CEO.


Krafcik becomes CEO.
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Krafcik becomes CEO.

(Chip Somodevilla / Getty Images)

The former North American head of Hyundai joined Waymo as CEO in 2016. This was the first truly outstanding hire of an experienced auto industry company Silicon Valley.

Google Car becomes Waymo.


Google Car becomes Waymo.
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Google Car becomes Waymo.

(Brendan McDermid / Reuters)

After Google became Alphabet in 2015, the Google Car project was renamed Waymo in 2016 and highlighted.

Weymo takes Uber to court.


Weymo takes Uber to court.
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Weymo takes Uber to court.

(Iliya Novelaj / Getty Images)

Presentation «Waymo LLC v. Uber Technologies, Inc. "was discussed, as former Google engineer Car Anthony Lewandowski was accused of stealing intellectual property.

But the actual trial lasted only a few days in February 2018, when Uber settled with Waimo, giving up $ 245 million in fairness.

A business plan is being developed.


A business plan is being developed.
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A business plan is being developed.

(Waymo)

By the end of 2017 and the beginning of 2018, Krafcik began to describe Waymo's business plan.

It revolves around our key areas: driving welcoming, moving goods, increasing public transport and providing Waymo technologies to partners through licensing deals.

Krafik also stressed that Weymo was associated with the development of the so-called "driver" – a system of laser radars, sensors and software that can "control" any car.

Waymo joins Fiat Chrysler and Jaguar.


Waymo joins Fiat Chrysler and Jaguar.
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Waymo joins Fiat Chrysler and Jaguar.

(Mark Matausk / Business Insider)

Fiat Chrysler Automobiles joined Waymo in 2017, providing autoloading with Pacifica minibuses.

The 2018 New York Auto Show showed that Waymo connects with Jaguar to add the Waymo driver to the luxury electric car I-PACE.

Waymo costs 175 billion dollars.


Waymo costs 175 billion dollars.
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Waymo costs 175 billion dollars.

(JLR / Waymo)

Morgan Stanley argued that adding all possible directions of activity Waymo can give a value of $ 175 billion – $ 100 billion more than previously thought by many analysts.

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