A First In Autonomous Vehicle History: Google's Waymo Retracts Self-Driving Software After Phoenix Crashes
Portfolio Pulse from Benzinga Neuro
Alphabet Inc's Waymo has voluntarily recalled its autonomous vehicle software following two incidents in Phoenix where robotaxis crashed into a towed pickup truck. The software was updated after the cars returned to depots, with no service interruption. Despite recent incidents, Waymo faces less criticism than competitors and plans to expand its robotaxi service.

February 14, 2024 | 7:46 am
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Alphabet Inc's Waymo unit voluntarily recalls and updates its autonomous vehicle software following two crashes in Phoenix, with no service interruption.
The voluntary recall and software update by Waymo, a unit of Alphabet Inc, following the Phoenix crashes is a proactive measure that demonstrates responsibility and commitment to safety. Although the incidents could raise concerns about autonomous vehicle technology, the quick resolution and lack of service interruption mitigate negative impacts. The expansion plans and less criticism compared to competitors suggest a positive outlook for Waymo's operations. However, the incidents highlight the challenges in autonomous vehicle technology, making the short-term impact on Alphabet Inc's stock neutral.
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