Google Parent Company Spins Off Self-Driving Car Business - The New York Times

Waymo organizational complexity

"“As we look at this space and the opportunities ahead of us, we see so much,” said John Krafcik, chief executive of Waymo. “We’re a new company, but we’ve been at this for a while.”

Waymo joins the roster of Alphabet companies, which includes Google. Mr. Krafcik said the new arrangement allows Waymo to tap into the infrastructure and resources of Alphabet with the feel of an independent venture-backed company. He said Waymo’s technology could have uses as varied as ride-sharing services and long-haul trucking, but he did not lay out a specific business strategy."

Google Parent Company Spins Off Self-Driving Car Business - The New York Times