Sign up to receive 5 free days of our daily summary for tech news.

Subscribe today for just $10/month for your first 3 months to access daily conference calls during the week of the Uber IPO. 

Google

Alphabet’s Waymo Seeks Outside Investors

Alphabet’s Waymo self-driving car division has been seeking financing from outside investors, such as European automakers like Volkswagen, according to a person with direct knowledge of the situation. The efforts suggest Alphabet wants to limit how much money it invests in the division, and show how valuable other parties believe it to be.

Waymo is currently thought to be costing Alphabet at least $1 billion a year, say former employees and other industry executives. While Alphabet can easily afford that investment—it has more than $100 billion in cash and generates more than $20 billion of extra cash annually—CFO Ruth Porat has been pushing its various units to operate more efficiently and cut costs.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

No subscription? You're missing out.

Join the high-powered community of tech and business leaders who rely on The Information's original news and in-depth reporting.

Subscribe

Recent Articles

Venture Capital Enterprise Startups Cloud

Cisco Held Preliminary Acquisition Talks With Cloud Startup HashiCorp

By Kevin McLaughlin

Google Apple Semiconductors

Former Apple Chip Engineers Leave Google

By Aaron Tilley

Media Facebook Policy

Hulu, Spotify Competing for Bigger Share of Political Ad Spending

By Christopher Stern and Jessica Toonkel

Asia Google Policy

Huawei Consumer Electronics Chief Braces for ‘Tough Time’

By Juro Osawa