![Waymo](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/12/Waymo.png?resize=678%2C381&ssl=1)
Google’s self-driving car program is becoming an independent company called Waymo. It will sit under the Alphabet umbrella and signals a drive by the company to monetize the extensive research conducted within the project. Google (GOOG, GOOGL) has recently expanded its seven-year-old scheme amid stiffer competition from rivals.