The new funding round gives Lyft a cash infusion to compete with Uber, which has been reeling from a series of scandals and executive turnover in 2017. That company has been valued at as much as $60 billion.
Lyft and Alphabet already have a relationship through a partnership Lyft struck with Waymo, Alphabet's self-driving auto unit, in May.
"This creates a huge opportunity to best serve our cities" economic, environmental, and social futures'. "Earlier this month, we completed our 500 millionth ride and our service is now available to 95 per cent of the USA population - up from 54 per cent at the beginning of the year", the company said in a blog post.
Reuters in September reported investment talks between the companies.
Alphabet is also a shareholder in Uber Technologies, Lyft's largest rival, through its investment arm GV.
This is not yet a done deal and the report notes it "may not come together", so we'll just have to wait and see what happens.
Google was an early investor in Uber, but has had a complicated and stormy relationship with the embattled ride-hailing company, including a lawsuit alleging that a former Google executive stole self-driving auto technology and brought it to Uber. In addition to the latest round of funding, Waymo is partnering with Lyft on self-driving vehicles.
Photo Credit: Google parent company Alphabet has led a $1 billion investment in ridesharing company Lyft. In 2013, Google Ventures partners David Krane and Bill Marispoured $258 million into Uber, a stake reportedly worth about 7 percent of the company at the time.
Meanwhile, Lyft has a number of other big-name investors in its corner, including Jaguar Land Rover and GM.
The LIGO Scientific Collaboration and another group, Virgo Collaboration, identified the collision on August 17. LIGO is comprised of two observatories, one in Hanford, Washington, and the other in Livingston, Louisiana.
Dao lost two teeth and broke his nose as a result, and attorneys said he was left deeply traumatized by the episode. It was also revealed that a supervisor was sacked after the deliberate removal of facts from an employee report.
The two surviving victims are in critical condition at Baltimore's Shock Trauma Center, the hospital tweeted at noon Wednesday. A police chief says the Maryland office park gunman had "beefs" with a man in Wilmington, Delaware, and shot him twice.
You can also change your console language to select right-to-left languages - Arabic & Hebrew - in the Xbox Settings menu. If your bandwidth supports a 1080p broadcast , we will upgrade it automatically for your Xbox One family of devices.
Weinstein, 65, has denied several rape allegations, claiming all sexual encounters were consensual. "I said I was the proof". In an interview with the Hollywood Reporter last week, Isa Hackett - the daughter of author Philip K.
Minister of Communications and Mass Media of Russia Nikolai Nikiforov gave a reason why Russia chose to introduce CryptoRuble . The online economy has made it hard and a concern for governments to collect taxes on an increasing digital sales industry.
After more than a year of circling San Francisco streets, Cruise Automation's self-driving cars may be heading to New York City. GM will have to pay for a police escort to travel side-by-side with the vehicle to ensure no accidents happen.
He said that, when people met with Trump after stopping by Pence's office, Trump would ask them, " Did Mike make you pray? ". Mike Pence , the Vice President of the United States, does not believe in evolution.
At least 6 killed, 10 injured in Quetta blast
According to initial reports, Abdul Salam was shot multiple times in what was reported as a targeted killing. He also said that these cowardly attacks would not hinder the security forces in executing their duties.
Women of NASA in LEGO form on November 1
A LEGO representative told Gizmodo the company wasn't able to "obtain approval from all key people" to include Johnson in the set. Now at least, these barrier-breaking women will get some of the recognition they deserve in Lego form.
Ford Recalling 1.3 Million Pickups Over Door Issue
Ford testing shows that the faulty latches are failing after exposure to water, which could cause the door to open randomly. Ford said it continues to expect full-year adjusted earnings in the range of $1.65 to $1.85 per share.
Microsoft Unveils More Powerful Surface Book Laptop
While revenue from the Surface division is down, Panay says that the company remains committed to the unit . Battery life stretches to 17 hours (video playback) in a docked configuration and 5 hours in tablet mode .
Sri Lanka eases ban on all-rounder Gunathilaka
Pakistan , on the other hand, seemed to have found their touch. "We have to wait and see who the players will be". Sri Lanka's supporting, meanwhile, has agreed to travel to Lahore as well.
Tesla fired 400 employees last week
The housecleaning swept out employees in administrative and sales positions, outside of manufacturing department. Elon Musk prefers to work long hours as he serves as CEO of Tesla and SpaceX simultaneously.
Bloody end for Hapilon, Maute
Marawi City is six times bigger than the city of Manila, and was home to a population of 200,000 before the fighting began. On Sept. 21, Duterte said that he would lift the martial law once the Marawi conflict is over and cleared of militants.