Latest news with #Mawakana
Yahoo
22-05-2025
- Automotive
- Yahoo
Waymo Claims to have Doubled its Robotaxi Trips in Five Months, Reaching 10 Million
Waymo, the autonomous ride-hailing business owned by Alphabet Inc. (NASDAQ:GOOGL), accomplished 10 million paid robotaxi trips, co-CEO Tekedra Mawakana revealed at the Google I/O developer conference on Tuesday, May 20, 2025. The significant achievement doubles the total number of trips in just five months and includes rides in Austin, Los Angeles, San Francisco, and the Phoenix area. Mawakana stated: 'These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives,' A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities. According to Alphabet Inc. (NASDAQ:GOOGL)'s April earnings report, Waymo is currently providing more than 250,000 paid rides every week. This week, the company also got regulatory authority to extend its services to San Jose and other parts of the San Francisco Bay Area. The "Other Bets" division of Alphabet Inc. (NASDAQ:GOOGL), which includes Waymo, reported $450 million in revenue in the first quarter of 2025, a 9% year-over-year drop, while operating losses grew to $1.23 billion from $1.02 billion. "We're proving out that it can be a profitable business," Mawakana added, even though Waymo is not yet profitable. The company is super focused on building a sustainable business. Waymo prioritizes safety over rival Tesla's planned robotaxi launch. Elon Musk, the CEO of Tesla, announced that the service will debut in Austin the following month with a fleet of ten vehicles. Tesla aims to quickly expand to San Francisco and Los Angeles if it is successful. Unlike Waymo, Tesla's system is reliant on cameras rather than lidar or radar. 'There's probably a lot of ways it can be done, but we're the only ones that have done it,' she said. 'We've been doing it 24 hours a day for almost five years. And so to us, it's really important to focus on safety, not focus on safety and then cost — not cost and then safety.' While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this READ NEXT: Nike Restructures the Technology Division, Laying Off Some Employees and Alphabet's Waymo has Secured Approval to Expand its Driverless Ride-Hailing Service to San Jose.
Yahoo
21-05-2025
- Automotive
- Yahoo
Waymo Claims to have Doubled its Robotaxi Trips in Five Months, Reaching 10 Million
Waymo, the autonomous ride-hailing business owned by Alphabet Inc. (NASDAQ:GOOGL), accomplished 10 million paid robotaxi trips, co-CEO Tekedra Mawakana revealed at the Google I/O developer conference on Tuesday, May 20, 2025. The significant achievement doubles the total number of trips in just five months and includes rides in Austin, Los Angeles, San Francisco, and the Phoenix area. Mawakana stated: 'These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives,' A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities. According to Alphabet Inc. (NASDAQ:GOOGL)'s April earnings report, Waymo is currently providing more than 250,000 paid rides every week. This week, the company also got regulatory authority to extend its services to San Jose and other parts of the San Francisco Bay Area. The "Other Bets" division of Alphabet Inc. (NASDAQ:GOOGL), which includes Waymo, reported $450 million in revenue in the first quarter of 2025, a 9% year-over-year drop, while operating losses grew to $1.23 billion from $1.02 billion. "We're proving out that it can be a profitable business," Mawakana added, even though Waymo is not yet profitable. The company is super focused on building a sustainable business. Waymo prioritizes safety over rival Tesla's planned robotaxi launch. Elon Musk, the CEO of Tesla, announced that the service will debut in Austin the following month with a fleet of ten vehicles. Tesla aims to quickly expand to San Francisco and Los Angeles if it is successful. Unlike Waymo, Tesla's system is reliant on cameras rather than lidar or radar. 'There's probably a lot of ways it can be done, but we're the only ones that have done it,' she said. 'We've been doing it 24 hours a day for almost five years. And so to us, it's really important to focus on safety, not focus on safety and then cost — not cost and then safety.' While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this READ NEXT: Nike Restructures the Technology Division, Laying Off Some Employees and Alphabet's Waymo has Secured Approval to Expand its Driverless Ride-Hailing Service to San Jose.
CNBC
20-05-2025
- Automotive
- CNBC
Waymo says it reached 10 million robotaxi trips, doubling in five months
Waymo co-CEO Tekedra Mawakana told CNBC on Tuesday that the Alphabet-owned ride-hailing company has reached 10 million trips, doubling in the past five months. "These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives," said Mawakana, speaking at the Google I/O developer conference. The 10 million figure includes rides in Austin, Los Angeles, San Francisco and the Phoenix area. Waymo is delivering more than 250,000 paid robotaxi rides a week, Alphabet said in its April earnings report. On Monday, Waymo said it had won approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose. The robotaxi company is part of Alphabet's "Other Bets" unit. Revenue in the overall category fell 9% in the first quarter from a year earlier to $450 million, and operating loss grew from to $1.23 billion from $1.02 billion a year ago. While those figures include a number of businesses, Mawakana confirmed that Waymo is not yet profitable but that the company is "super focused on building a sustainable business." "We're proving out that it can be a profitable business," she said. "There's a path to profitability." Waymo faces potential competition from Tesla, which has promised to launch its robotaxi service in Austin next month. Tesla CEO Elon Musk told CNBC on Tuesday that the plan was still on track, and that the company will start with about 10 vehicles and rapidly expand to thousands if the debut goes well with no incidents. Musk said Tesla aims to bring its robotaxis to Los Angeles and San Francisco following the planned Austin launch. He has previously claimed Tesla's "generalized" approach to robotaxis is more ambitious than Waymo's. Tesla primarily relies on camera-based systems and computer vision instead of using sophisticated sensors including lidar and radar in its vehicles. Mawakana said that Waymo has taken what it views as the "safest path." "There's probably a lot of ways it can be done, but we're the only ones that have done it," she said. "We've been doing it 24 hours a day for almost five years. And so to us, it's really important to focus on safety, not focus on safety and then cost — not cost and then safety."
