Lyft Waymo Collaboration May Rule the Field of Autonomous Vehicles
Autonomous vehicles and its development has become more of a trend than just a technological advancement these days. This race of the automobile market is on a rage and evidently prominent automakers are now teaming up with the Silicon Valley experts. The latest collaboration for autonomous vehicle development is the Lyft-waymo collaboration. Why does this seem to be a promising merger? Well, both the parties involved are really good at their respective jobs and this makes their partnership stronger.
Not only the abilities of both the companies, it can be seen that that these two parties also have adequate financial support. Alphabet is the parent company of Waymo, the self- driving segment of Google. Waymo will collaborate with Lyft, the ride-hailing app. In a report published in the New York Times, both these companies confirmed the news.
This partnership will give a medium to Waymo’s self-driving technology. While for the ride-hailing company, it won’t have to develop selfdriving cars from the scratch, but just inculcate the technology provided by Waymo. So, this will become a winwin situation for both the companies, who have declined to declare the financial details of the deal.
If all goes well, this collaboration might result in these two companies ruling the self-driving sector.