Google spent over $1 billion on self-driving technology
Google spent over $1 billion on self-driving technology Google has been reluctant about sharing how much it spends on self-driving technology but now, the number -- over $1 billion -- has been accidentally revealed while reviewing documents in the ongoing legal tussle between Google's Waymo and Uber. Google spent a whopping $1.1 billion on developing its self-driving software and hardware, says the recent deposition of Shawn Bananzadeh, a financial analyst at Waymo which was first reported by IEEE Spectrum's Mark Harris. Bananzadeh was testifying in the ongoing Waymo's lawsuit against Uber which claims the ride-hailing company stole intellectual property and trade secrets to develop its own autonomous technology. According to reports, throughout Bananzadeh's deposition, every dollar amount was redacted to protect Waymo's confidential commercial information. Waymo has patented a technology that will make its...