trending Market Intelligence /marketintelligence/en/news-insights/trending/XKgPHHcwb8MS8tCx_41Caw2 content esgSubNav
In This List

Report: Alphabet halts self-driving car plans

Blog

Discovery+ dives into a crowded US OTT video market

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights


Report: Alphabet halts self-driving car plans

Alphabet Inc. has halted its plans to develop a fully self-driving car in favor of partnerships with automakers to build an autonomous vehicle with traditional features for human drivers, The Information reported Dec. 12, citing sources familiar with the details.

The move comes as the tech giant plans to spin off its self-driving car business as a stand-alone unit, which is currently under the company's research lab X.

According to a report by The Wall Street Journal in October, the project's finances were separated from X since Jan. 1, with the legal and corporate adjustments to be carried out next.