It's an inaccurate comparison. The problems are very different. Magic Leap is trying to create a viable product for a market that doesn't exist. What they are actually going to ship and how it's going to be useful is still up in the air.
Autonomous is going to be incredibly valuable and it's a hard problem that we'll have to keep hacking away at for a long time. Waymo has made more advancements than any other company. There is a big pack of companies all trying to get a piece of this pie and none of them may succeed in the short term, but Waymo looks to have the best shot.