Waymo to focus on ride-hailing services, pushes back autonomous trucking efforts
FILE PHOTO: A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. REUTERS/Paresh Dave/File Photo
GOOGL
+5.78%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
MBGAF
-0.19%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
GOOG
+5.59%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
(Reuters) – Alphabet (NASDAQ:GOOGL) Inc’s Waymo is focusing on its ride-hailing service, Waymo One, while pushing back its efforts to develop commercial autonomous trucking technology, the self-driving unit said on Wednesday.
Autonomous driving software has come under strong regulatory scrutiny at a time when investors are concerned about heavy investments in the technology amid protracted development timelines.
The company said it is seeing significant growth and demand for ride-hailing services in San Francisco, Phoenix and Los Angeles, and is focusing on achieving commercial success in the business.
Waymo said it will continue its collaboration with strategic partner Daimler (OTC:MBGAF) Truck North America to take its autonomous trucking platform forward.
“Laser-focusing on ride-hailing today puts us, our partners, and our customers in a strong position to be successful in the future across all of the business lines we pursue over time,” the company said.
The unit’s Waymo Driver technology is used in a variety of use cases, from ride-hailing to trucking.
“We continue to see a significant future commercial opportunity for our trucking solution alongside other commercial applications of the Waymo Driver,” Waymo said.
