financetom
Business
financetom
/
Business
/
Alphabet's Waymo opens autonomous ride-hailing service to all in Los Angeles
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alphabet's Waymo opens autonomous ride-hailing service to all in Los Angeles
Nov 12, 2024 8:24 PM

Nov 12 (Reuters) - Alphabet's Waymo said on

Tuesday its autonomous ride-hailing service, Waymo One, is now

available to everyone in Los Angeles, a sign of rapid growth and

adoption of the technology.

Waymo had closed a $5.6 billion funding round last month, as

automakers and technology companies are betting big on the

driverless technology to foster future growth, even as it faces

tight regulatory scrutiny.

The company said nearly 300,000 people had joined its

waitlist after it started commercial operations in the city

earlier this year, signaling strong demand.

Waymo had opened access to its ride-hailing service to

everyone in San Francisco in June this year and Phoenix, Arizona

in 2020.

"Our service has matured quickly and our riders are

embracing the many benefits of fully autonomous driving," said

Tekedra Mawakana, co-CEO, Waymo.

Mountain View, California-based Waymo is a self-driving

technology pioneer, which started its first U.S. driverless taxi

service in 2020 over a decade after it was born as a project

within Google.

Tesla CEO Elon Musk said in October that the

electric vehicle maker will roll out driverless ride-hailing

services to the public in California and Texas next year,

indicating a growing competition in the autonomous ride-hailing

space.

Rival General Motors' ( GM ) Cruise is testing cars with

human safety drivers after an accident last year led it to pull

all vehicles from the road. Meanwhile, Amazon's ( AMZN ) Zoox is

expanding testing for its vehicles built without steering wheels

and pedals.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dorel Industries Q2 Adjusted Loss Narrows as Revenue Edges Up
Dorel Industries Q2 Adjusted Loss Narrows as Revenue Edges Up
Aug 9, 2024
07:42 AM EDT, 08/09/2024 (MT Newswires) -- Dorel Industries (DII-B.TO, DII-A.TO) on Friday reported a narrower second quarter adjusted loss as revenue edged higher. The company, which makes bicycles, child safety products and home furnishings, said its adjusted net loss fell to US$13.6 million, or US$0.42 per share, from US$16.7 million, or US$0.51 per share. Revenue rose 0.8% to US$348...
New Fortress Energy Swings to Q2 Adjusted Loss, Revenue Falls
New Fortress Energy Swings to Q2 Adjusted Loss, Revenue Falls
Aug 9, 2024
07:43 AM EDT, 08/09/2024 (MT Newswires) -- New Fortress Energy ( NFE ) reported a Q2 adjusted loss Friday of $0.41 per diluted share, swinging from adjusted earnings of $0.58 per diluted share a year earlier. Four analysts polled by Capital IQ expected earnings of $0.06 per share. Total revenue for the quarter ended June 30 was $428 million, down...
Evergy's Q2 Adjusted Earnings, Operating Revenue Rise; Fiscal 2024 Non-GAAP EPS Outlook Maintained
Evergy's Q2 Adjusted Earnings, Operating Revenue Rise; Fiscal 2024 Non-GAAP EPS Outlook Maintained
Aug 9, 2024
07:37 AM EDT, 08/09/2024 (MT Newswires) -- Evergy ( EVRG ) reported Q2 adjusted earnings Friday of $0.90 per diluted share, up from $0.81 a year earlier. Analysts polled by Capital IQ expected $0.89. Operating revenue for the quarter ended June 30 was $1.45 billion, compared with $1.35 billion a year earlier. An analyst surveyed by Capital IQ expected $1.36...
Neo Performance Materials Q2 Adjusted Net Income Rises
Neo Performance Materials Q2 Adjusted Net Income Rises
Aug 9, 2024
07:45 AM EDT, 08/09/2024 (MT Newswires) -- Neo Performance Materials ( NOPMF ) said Friday that its second-quarter adjusted net income more than doubled despite a drop in revenue. The company posted an adjusted net income of US$5.3 million, or US$0.13 per share, rising from US$2.5 million, or US$0.05 per share. Revenue fell to US$107.5 million from US$170.4 million while...
Copyright 2023-2026 - www.financetom.com All Rights Reserved