Browse Definitions :
Definition

Waymo

Waymo is a systems engineering company that specializes in developing autonomous driving car technologies and a subsidiary of Alphabet, Google’s parent company. Google uses autonomous cars for purposes like Google Maps street views.

Waymo has designed autonomous car systems in partnership several manufacturers such as Audi, Chrysler, Toyota and Lexus. The company also has their own autonomous automobile designs, assembled by Roush Enterprises. Since initial testing, Waymo is considering starting a paid driverless ride service in California.

In 2015, the inaugural, unescorted, driverless ride by autonomous vehicles on public road was in Austin, Texas. Stephen Mahan, a blind friend of principle engineer Nathan Fairfield, took the first ride. In May 2018, Waymo announced a trail plan to begin offering a driverless ride system in Phoenix, Arizona before the end of 2018. Waymo is positioned by Alphabet to offer an app-hailed, driverless ride service to compete with Uber, Lyft and taxis.

In February 2017, Waymo sued Uber, alleging that Uber stole industry trade secrets to create their own driverless ride service. Waymo alleged that three former employees stole 9GB of data containing hundreds of trade secrets when they left the company to join Uber. In February 2018, a settlement was reached through the payment of $244 million in Uber equity and Uber’s promise not to infringe on Waymo’s intellectual property.

This was last updated in July 2018

Continue Reading About Waymo

SearchCompliance
  • ISO 31000 Risk Management

    The ISO 31000 Risk Management framework is an international standard that provides businesses with guidelines and principles for ...

  • pure risk

    Pure risk refers to risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.

  • risk reporting

    Risk reporting is a method of identifying risks tied to or potentially impacting an organization's business processes.

SearchSecurity
  • Pretty Good Privacy (PGP)

    Pretty Good Privacy or PGP was a popular program used to encrypt and decrypt email over the internet, as well as authenticate ...

  • cyberterrorism

    Cyberterrorism is often defined as any premeditated, politically motivated attack against information systems, programs and data ...

  • click fraud (pay-per-click fraud)

    Click fraud -- sometimes called 'pay-per-click fraud' -- is a type of fraud that artificially inflates traffic statistics for ...

SearchHealthIT
SearchDisasterRecovery
  • What is risk mitigation?

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • fault-tolerant

    Fault-tolerant technology is a capability of a computer system, electronic system or network to deliver uninterrupted service, ...

  • synchronous replication

    Synchronous replication is the process of copying data over a storage area network, local area network or wide area network so ...

SearchStorage
Close