Waymo to sell its self-driving tech to outside firms

San Francisco: Waymo, the former Google car division developing self-driving technology, said it would sell a key innovation to companies that don’t compete with its autonomous cars. The California-based unit of Google parent Alphabet will offer its lidar sensors, which measure distance with pulses of laser light, to companies in robotics, security, agricultural technology and other sectors. “Our custom lidars have been instrumental in making Waymo the first company in the world to put fully self-driving cars on public roads,” Waymo said in a statement. “Now, we are making these sensors available to companies outside of self-driving ... so they can achieve their own technological breakthroughs.” The move could offer a new revenue stream for Waymo as it invests in bringing “robo taxis” to market, broadening the availability of the 3D lidar sensors it has been developing since 2011. “Offering this lidar to partners helps spur the growth of applications outside of self-driving cars and also propels our business forward,” the statement said. “We can scale our autonomous technology faster, making each sensor more affordable through economies of scale.” — AFP