Categories: NewsTechnology

Ride-sharing Meets Autonomous Cars as Waymo Partners With Lyft

The world of self-driving vehicles has seen quite some interesting developments as of late. A major announcement was made late last week, as Waymo and Lyft are partnering up for a new venture. This is a development very few people saw coming, although it goes to show companies focusing on ride-sharing and self-driving vehicles can achieve similar goals with ease.

Waymo and Lyft Is Quite a Powerful Combination

Most people will have heard of Waymo, the self-driving subsidiary of Google’s parent company Alphabet. The company has been working on self-driving vehicles for quite some time now and is looking to make more progress by partnering with

Lyft. The ride-sharing service provider is one of Uber’s main competitors

The reason for this partnership remains a bit unclear, although it is evident something like this was bound to happen sooner or later. Both companies are expected to develop a pilot project and perhaps develop new products. It is possible Lyft users in certain regions will be able to hail a self-driving car instead of dealing with a human driver. This has not been officially confirmed by either company, though.

It is evident Lyft is in a powerful position to propel the self-driving car industry forward. Combining said innovative technology with ride-hailing applications can lead to some interesting results. Moreover, both companies highly value the prospect of making roads safer and transportation more accessible. Introducing a handful of self-driving cars will have an impact on overall traffic conditions, that much has been determined already.

Related Post

Waymo is one of the market leaders when it comes to self-driving technology. Although a lot of companies are working on similar projects as well, Waymo has a lot of financial backing to experiment with this technology and come up with new products and services. Collaborating with such a powerful entity can be quite positive for Lyft, as they want to turn their vision into reality. This can only be done by forging strategic partnerships such as this one.

It is also worth mentioning Lyft has been keeping a close eye on the self-driving car industry as of late. They partnered with General Motors in 2016, who, in turn, acquired a self-driving startup earlier. It seems obvious Lyft wants to keep all of their options open when it comes to self-driving vehicles, and not just put all of their eggs in one basket. Whether or not that will affect the partnership with GM, remains to be seen.

In the end, this new partnership goes to show Waymo is more than willing to move on after its

deteriorating relationship with Uber. Partnering with the platform’s rival is one way of sending a clear message. The end goal remains to make self-driving technology accessible to as many consumers as possible, perhaps even through the use of multiple ride-hailing applications. An interesting future awaits us, that much is certain.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

2 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

3 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

3 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

4 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

7 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

8 hours ago