Waymo To Laser Focus On Ride-Hailing, Halt Alternate Development Plans
Portfolio Pulse from Anan Ashraf
Alphabet Inc's autonomous driving technology unit, Waymo, announced it will focus all its efforts and investment on ride-hailing, halting other development plans. The company sees a substantial commercial opportunity in ride-hailing and will push back efforts on trucking. Waymo will continue the technical development of an autonomous truck platform with its partner Daimler Truck North America. The company also has a multi-year partnership with Uber Technologies, enabling users to hail an autonomous Waymo ride via the Uber app in Phoenix.
July 27, 2023 | 4:27 am
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POSITIVE IMPACT
Alphabet's Waymo unit is focusing on ride-hailing, which could potentially increase Alphabet's revenues if successful.
As Alphabet's subsidiary, Waymo's success in the ride-hailing market could contribute to Alphabet's overall revenues. The focus on a single, potentially lucrative area could increase the chances of success.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet's Waymo unit is focusing on ride-hailing, which could potentially increase Alphabet's revenues if successful.
As Alphabet's subsidiary, Waymo's success in the ride-hailing market could contribute to Alphabet's overall revenues. The focus on a single, potentially lucrative area could increase the chances of success.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Uber's partnership with Waymo could potentially increase its user base and revenues as users can hail an autonomous Waymo ride via the Uber app.
The partnership with Waymo allows Uber users to hail an autonomous Waymo ride, which could attract more users to the Uber platform and increase revenues.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80