Alphabet's Waymo Now Offers Round The Clock Autonomous Ride Service In San Francisco
Portfolio Pulse from Anan Ashraf
Alphabet's autonomous driving technology unit, Waymo, has announced that its services will now be available 24/7 across San Francisco. This follows Waymo and General Motors' Cruise receiving permits for round-the-clock operation from the California Public Utilities Commission in August. However, Cruise has been directed by the California Department of Motor Vehicles to remove 50% of its operational autonomous vehicles from the roads following a collision with an emergency vehicle.
October 10, 2023 | 7:14 am
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POSITIVE IMPACT
Alphabet's Waymo has expanded its autonomous ride service to 24/7 operation in San Francisco, which could potentially increase its user base and revenues.
The expansion of Waymo's services to 24/7 operation in San Francisco could attract more users, leading to increased revenues. This positive development is likely to have a positive impact on Alphabet's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Alphabet's Waymo has expanded its autonomous ride service to 24/7 operation in San Francisco, which could potentially increase its user base and revenues.
The expansion of Waymo's services to 24/7 operation in San Francisco could attract more users, leading to increased revenues. This positive development is likely to have a positive impact on Alphabet's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100