[DoingIsLearning]

Look at the actual numbers though. I think the biggest writing on the wall that the hype is starting to be weighed in valuation is Waymo.

Waymo is arguably the most technologically advanced of all the self-driving efforts. However they were initially valued at 175 billion, Morgan Stanley downgraded it to 105 billion, and their last external funding round valued them at 30 billion.

You don't need to be a VC fund to realize that is a hell of a drop (most probably because the initial valuations were hyped by the 'just around the corner' momentum).