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Waymo's first outside investment round includes car industry heavyweights
Believe it or not, Waymo hasn't really leaned on outside help to fulfill its self-driving car ambitions -- Alphabet (and earlier, Google) has shouldered much of the load. Now, however, it's expanding its sources of cash. Waymo has announced its first external investment round, and you might recognize a few of the names contributing a shared $2.25 billion. Car tech giant Magna International and retailer AutoNation are making investments, as are well-established investment groups like Andreessen Horowitz, the Canada Pension Plan Investment Board, Silver Lake and Mubadala.
Abu Dhabi investment group buys $622M chunk of AMD
The investment arm of the Abu Dhabi government, Mubadala Development Co., has just ponied up $622M for an 8.1 percent stake in AMD. The deal, which just went through this morning, gives Mubadala 49 million shares of AMD, but doesn't come with a seat on the board or represent a controlling interest in AMD. For its part, AMD didn't give any specific plans for the cash, instead saying it'll be used for R&D, manufacturing improvements, and unspecified "innovations." Must be nice to be liked, eh?
