Google Plus Uber: Waymo's Driver Joins Uber for a Phoenix Test Run
Portfolio Pulse from Anusuya Lahiri
Uber Technologies has entered a multi-year pact with Alphabet's self-driving startup Waymo to make the Waymo Driver available on the Uber platform in Phoenix. The integration will launch later this year, including local deliveries and ride-hailing trips.
May 23, 2023 | 2:15 pm
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Alphabet's Waymo partners with Uber to integrate its self-driving technology on Uber's platform in Phoenix, potentially increasing the adoption of Waymo's technology.
The partnership with Uber will increase the exposure and adoption of Waymo's self-driving technology, potentially benefiting Alphabet's stock in the short term. However, the impact may be less significant compared to Uber, as Alphabet has a more diversified business.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet's Waymo partners with Uber to integrate its self-driving technology on Uber's platform in Phoenix, potentially increasing the adoption of Waymo's technology.
The partnership with Uber will increase the exposure and adoption of Waymo's self-driving technology, potentially benefiting Alphabet's stock in the short term. However, the impact may be less significant compared to Uber, as Alphabet has a more diversified business.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Uber's stock is up after announcing a partnership with Waymo to integrate self-driving vehicles on its platform in Phoenix, potentially increasing ridership and expanding services.
The partnership with Waymo will bring self-driving vehicles to Uber's platform, potentially increasing ridership and expanding services like local deliveries and ride-hailing trips. This collaboration is expected to have a positive impact on Uber's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100