Google Has Spent Over $1.1B on Self-Driving Tech
I think by most accounts -<p>1) Google &#x2F; Waymo is by far the furthest ahead in self-driving tech.<p>2) Self-driving is possible in at least certain circumstances in the next decade or two (already is to an extent today).<p>3) Transportation &#x2F; automobiles is an absolutely massive industry.  Even companies like Dana, Inc (maker of axles) have $4bil valuations.  It&#x27;s easy to see how a self-driving tech maker would be worth far more than an axle maker.<p>4) Software tends to be a winner-take-most industry.<p>Given 1-4, $1.1B doesn&#x27;t seem like much.  Even if by chance it doesn&#x27;t turn out to be a positive ROI, it seems crazy to think the $1.1B was a bad bet.<p>And given current prices for self-driving startups (example, Gm&#x27;s acquisition of Cruise for &gt;$1B), the current market value for Waymo would likely be &gt;$10B.