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A Robotaxi Business Is A Dream For Elon Musk–But Already A Reality For Waymo [Forbes]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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But safety concerns persist. E very week, hundreds of Phoenix, San Francisco and Los Angeles residents find a cheerful message in their email inboxes: “Buckle up! You're ready to ride. Welcome to Waymo One. Get ready for your first fully autonomous ride.” With that confirmation, they're off the waiting list for the largest U.S. robotaxi service – more than 500 electric Jaguar SUVs that can drive themselves. Waymo's sensor-laden, AI-controlled fleet won't be ubiquitous in U.S. cities any time soon, but 2024 is an inflection point for a technology that many advocates hoped would arrive years ago. After 15 years of R&D, more than $8 billion of investment and multiple pilot programs, Waymo's robotaxis have become a business, booking more than 50,000 rides a week in the three cities. Assuming an average fare of $20 per ride, annual revenue should top $50 million this year. It was less than $1 million in 2022, according to a Pitchbook estimate — representing growth of about 1000%. Even
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