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Alphabet Emerges as Robotaxi Play as Waymo Pursues Million-Ride Weekly Target

Source Summary

Waymo, Alphabet's autonomous vehicle subsidiary, surpassed 500,000 fully autonomous rides per week in spring 2024, doubling its volume in under a year. The company is now targeting 1 million rides weekly as it expands its robotaxi operations.

Why it matters

Waymo's rapid scaling of autonomous rides demonstrates material progress in a high-stakes commercial technology, directly supporting Alphabet's valuation as a diversified technology and mobility company.

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