Author Topic: Nat Ford: Why Jax should invest in the future of transportation, Downtown  (Read 21038 times)

marcuscnelson

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Website’s back. No obvious changes, so maybe it was just an error on their part.

JTA also used part of this month’s Making Moves episode to show off the TOD video they made.
So, to the young people fighting in this movement for change, here is my charge: march in the streets, protest, run for school committee or city council or the state legislature. And win. - Ed Markey

jaxlongtimer

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Here is a picture of Nat Ford's "future" today.  Compare the resources soaked up by Waymo and the time and testing already made vs. having a long way to go to achieve true "autonomy" to JTA's plans:
   
Quote
Alphabet’s Waymo self-driving car unit raises $2.5B amid reports of ‘eventual’ IPO

*   Alphabet’s self-driving car unit Waymo said Wednesday that it’s raised $2.5B from Andreessen Horowitz, Fidelity and other A-list investors as the company reportedly moves closer to a go-public deal.

*   Waymo, which has been developing self-driving cars since Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) launched the unit more than a decade ago, disclosed in a blog post that its latest fundraising round included a virtual who’s who of top financial firms.

*   Besides Andreessen Horowitz and Fidelity, other backers included Silver Lake, the Canada Pension Plan Investment Board, Abu Dhabi sovereign-wealth fund Mubadala, Tiger Global, T. Rowe Price and others.

*   Alphabet itself also put in money, as did strategic investors AutoNation (NYSE:AN) and auto-parts supplier Magna International (NYSE:MGA).

*   However, the $2.5B raised fell short of the up to $4B that Waymo had reportedly been seeking. Waymo’s blog post didn’t say anything about that.

*   Alphabet originally paid for Waymo’s development entirely on its own, but raised more than $2B last year from many of the same investors who participated in the latest funding round.

*   The company is developing cars and trucks that will operate themselves using Waymo Driver, a system of sensors and computers that can operate vehicles without humans behind a wheel.

*   Waymo already operates a driverless ride-hailing firm called Waymo One in the Phoenix area, and has a self-driving truck operation called Waymo Via as well.

*    “With tens of millions of miles driven on public roads across 25 U.S. cities and tens of billions of miles driven in simulation, our experience has shown us and our investors the massive opportunity ahead,” the company wrote in Wednesday’s blog post. “We’re building and deploying the Waymo Driver to serve riders, deliver parcels, move freight, and eventually, to empower personal car ownership.”

*   Bloomberg quoted unnamed sources in May as saying that Waymo has “discussed plans to eventually list publicly” separate from Alphabet, although the unit didn’t mention that in Wednesday’s blog post.

 *  Waymo also faces huge technical challenges in developing vehicles that can safely drive themselves. The unit is said to currently lose big bucks with little revenue, and the division recently faced the departure of CEO John Krafcik and other top executives.

https://seekingalpha.com/news/3707042-alphabet-waymo-self-driving-car-unit-raises-2-point-5-billion-dollars?mail_subject=goog-alphabet-s-waymo-self-driving-car-unit-raises-2-5b-amid-reports-of-eventual-ipo&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha


marcuscnelson

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So, to the young people fighting in this movement for change, here is my charge: march in the streets, protest, run for school committee or city council or the state legislature. And win. - Ed Markey