Waymo now in charge of the former Google self-driving car project

Alphabet Inc., which owns Google, has launched a separate business called Waymo to jumpstart its self-driving car project. CEO of Waymo Jeff Krafcik announced the move Tuesday. We will continue to have access to infrastructure and resources Alphabet provides, but in this new world as Waymo we also have this feeling like we are a venture-backed startup. The company looks to keep pace with the likes of Uber and Tesla, who are in the midst of developing their own autonomous-vehicle systems. Bloomberg sources say Waymo has future plans of starting a a ride-sharing service with Fiat Chrysler Automobiles NA minivans using semi-autonomous technology by early 2017.