Google allegedly spent $1 billion on self-driving technology

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Kiev, Ukraine - May 16, 2014: Man in the car planning a route using a Google Maps application on Apple iPhone 5S. Google Maps is a most popular web mapping service for mobile provided by Google inc.

Google has been reluctant about sharing how much it spends on self-driving technology but now, according to the latest marketing news, 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.

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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.

Always trending in the marketing news, Google spends $1 billion on self-driving technology.
Futuristic instrument panel of vehicle.

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 self-driving cars soft on the outside if it comes across a situation where there is a possibility of an accident with a human.

Self-driving vehicles constantly communicate with one another to prevent crashes but this is the first time that an industry player came out with a solution to save pedestrians from accident.

Last month, the legal tussle between ride-hailing company Uber and Google’s parent company Alphabet escalated when the court allowed Uber to seek deposition of Alphabet CEO Larry Page for up to four hours.

Waymo filed a lawsuit against Uber earlier in 2017, alleging that the stolen information became the technological basis for the company’s self-driving cars.

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Prerna Mahtani has been a content writer for over 8 years. She began her content career with a digital marketing agency in Pune, India. She has extensive knowledge and has written on a wide range of issues throughout her career. She focuses on business-to-business content in technology, communication, and management.
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