Picture yourself entering your car, casually mentioning your destination, and then relaxing while your vehicle handles the entire drive. What was once a sci-fi fantasy is now fast becoming a reality, thanks to cutting-edge advancements in autonomous driving technology. As self-driving cars shift into the fast lane, the global autonomous vehicle (AV) market is set to skyrocket, with forecasts predicting it to hit a staggering $115 billion by 2029.
One company that is racing ahead in the autonomous driving space is Waymo, owned by none other than tech behemoth Alphabet Inc. (GOOGL). Waymo's journey began in 2009 when Alphabet set out to develop a self-driving car that could navigate complex routes without human intervention. By 2016, Waymo was a full-fledged subsidiary of Alphabet, cementing itself as a leader in autonomous driving technology.
