St Germain en Laye, september 10th 2024.
This multi-billion dollar bet – and the colossal investment is not over yet – aims to eliminate the driver from the cab equation while ensuring 100% safety during the ride. The driver’s salary is indeed a significant cost factor: around 150,000 dollars per year per car for 24/7 operation.
Today, the profits are not there yet, but huge US companies like Waymo, GM or Amazon are pushing for it because they believe in it.
« Waymo’s Robot Taxis Are Almost Mainstream. Can They Now Turn a Profit?
Now that its technology is showing it can work on city streets, Alphabet, which owns Waymo, plans to invest billions more.
Waymo is now completing over 100,000 rides each week in San Francisco, Phoenix and Los Angeles — double the number in May. And on a July earnings call, Alphabet executives said the company planned to invest an additional $5 billion in Waymo. »
Read article by Eli Tan for The New York Times: https://www.nytimes.com/2024/09/04/technology/waymo-expansion-alphabet.html
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