Google to Spin Off Autonomous Cars as Alphabet Company

In 2016, Google will spin off its driverless car unit, currently part of Google X, as a standalone business under the Alphabet aegis. With more than 1 million miles clocked on public roads, the company already has a hefty lead on competitors, including Uber Technologies, which has raised more than $10 billion towards its own work creating an autonomous car. Google first plans to launch a service, with fleets of large and small vehicles deployed in closed areas such as college campuses, military bases and corporate complexes. Continue reading Google to Spin Off Autonomous Cars as Alphabet Company