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Why Google should 'walk away' from Waymo

Why Google should 'walk away' from Waymo

Yahoo3 days ago
Needham & Company senior media and internet analyst Laura Martin joins Market Domination with Josh Lipton to explain why Alphabet (GOOG, GOOGL) should ditch Waymo and focus on generative artificial intelligence (AI) instead.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
I also want your take on robo taxis, Laura, because Google's Waymo, of course way ahead of of Tesla right now. How do you think about about that business?
You know, so Waymo gets caught up in something called like other bets and they just lose a fortune. They make no money, I mean, they make no revenue and they lose a fortune. So from my point of view, these companies, and this includes meta and Amazon, they should cut all this stuff out, in my opinion, and put it towards generative AI where I see the clear benefits and cost cutting and new product introductions. So if it was me, I would walk away from Waymo. However, that is not a consensus point of view. I think to your point, they are way ahead in this sort of driverless car taxis in certain markets. So, I mean, I wish they'd sell it then and monetize it because I think the future of this company is data driven and that has to do with generative AI and not you know, you know, automated taxis. That's my point of view.
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