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Waymo will make money outside of just self-driving cars by selling its laser technology to other markets (GOOG, GOOGL)

Waymo will make money outside of just self-driving cars by selling its laser technology to other markets (GOOG, GOOGL)




Waymo will begin selling its lidar sensors to customers who don't compete with the company's autonomous ride-sharing services.




Waymo's lidar sensor — known as Laser Bear Honeycomb — uses lasers to build detailed 3D maps of nearby objects and can be used in applications outside of self-driving cars like warehouse robots, security systems, and autonomous tractors.




The decision to sell sensors is Waymo's second planned money-making channel outside of autonomous ride-sharing, which it hopes to launch in Arizona this year.



Alphabet's self-driving car company, Waymo, is expanding its business model.
On Tuesday, Waymo said it would begin selling its lidar sensors — honeycomb-looking devices that use lasers to created detailed 3D maps of the surrounding environment — to customers who don't compete with the company's autonomous ride-sharing services.
These alternative use cases could include warehouse robots, security systems, and autonomous tractors, though lidar applications outside of self-driving cars only account for a tenth of the market today, according to a Bloomberg report.
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