Waymo, the self-driving car startup under Alphabet, raised $16 billion in funding, tripling its valuation to $126 billion. Competition is growing in the autonomous vehicle market, with Tesla focusing on robotaxis. Amazon’s Zoox also offers free rides in select areas. Safety concerns persist after a Waymo vehicle struck a child.

Read more at Yahoo Finance: Waymo valued at $126 billion in latest financing as robotaxis gather steam (Feb 2)