Alphabet Inc. (NASDAQ:GOOGL) has announced that Google’s self-driving car project will become its own entity within the company, Waymo. “It’s an indication of the maturity of our technology,” chief executive of the project, John Krafcik told reporters. “We can imagine our self-driving tech being used in all sorts of areas.”
The program has been part of Google X. Waymo, a secret research unit that stands for “A new way forward in mobility,” according to krafcik. “We can imagine our self-driving technology being used in lots of different areas – ride-sharing business, in transportation, trucking, logistics, even personal use vehicles and licensing with automakers,” Krafcik said.
Google’s first partner, Fiat Chrysler has worked with the tech giant integrate its self-driving system with their own minivans. This aided Fiat Chrysler in avoiding huge research costs in creating its own self-driving program. Google also benefited as it helped the company further understand how to hone its systems for use in everyday cars.
Tesla and Uber are the competition they face in the road ahead. Although many boast the concept of self-driving vehicles, there are critics as well, such as Chicago regulators that have raised numerous risks of experimenting with this technology.
“Our next step as Waymo will be to let people use our vehicles to do everyday things like run errands, commute to work, or get safely home after a night on the town,” Krafcik wrote.