Alphabet's autonomous driving unit, Waymo, is planning a significant financing round, aiming to raise $16 billion and potentially valuing the company at $110 billion, though this optimism is tempered by a new federal safety investigation.
- The NHTSA confirmed it is launching an investigation following a recent incident where a driverless Waymo vehicle hit a child.
- The safety probe covers over 3,000 autonomous vehicles operated by the subsidiary.