Alphabet is pouring billions into Waymo's self-driving taxis as Tesla prepares to reveal its rival

Self-driving cars are still on the priority list at Alphabet.

During its second-quarter earnings call on Tuesday, the Google owner said it had committed a "multi-year investment of $5 billion" to self-driving car service Waymo.

"Waymo is a real leader in the space and getting rave reviews from users," Alphabet CEO Sundar Pichai said.

According to Pichai, it has provided over 50,000 paid autonomous rides each week in San Francisco and Phoenix, and testing is underway in other parts of the Bay Area.

By Jordan Hart.

Full story at Yahoo News.