Waymo strikes deal for Avis to manage autonomous cars fleet
Waymo, part of the Alphabet division for self-driving cars, has struck a deal with Avis which will see the car hire firm manage an autonomous fleet in Pheonix, Arizona.
As a result, share prices in Avis soared, jumping up 21% to $29. The deal will see Avis service and store Waymo's Chrysler Pacific minivans, whilst Waymo will own the vehicles and pay Avis for their services.
This is the first deal of its kind in the autonomous car industry but is unlikely to be the last - with giants such as Apple, Uber and Tesla all competing to deliver the best self-driving cars, it is an industry that is bound to thrive.
Meanwhile, Waymo is still embroiled in a legal case against Uber, with the latter accused of stealing trade secrets when former Google engineer Anthony Levandowski allegedly took 14,000 confidential documents with him when he quit and started up his own self-driving truck firm, Otto.
Uber then acquired Otto for $680m in August 2016 and put Levandowski in charge of their robotic cars division, before Waymo claimed that Levandowski had used the documents to accelerate Uber's self-driving program.
In May 2017, it was announced that the case is going to trial after judge William Alsup ruled that Uber could not force it into private arbitration.
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.