Tech and AIInvestor letter reveals skyrocketing growth of Waymo's robotaxi rides

Investor letter reveals skyrocketing growth of Waymo’s robotaxi rides

-


Six months ago, Waymo disclosed it was providing 250,000 robotaxi rides a week across its service areas, an ever-growing list that includes Atlanta, Austin, Los Angeles, Phoenix, and the San Francisco Bay Area.

The Alphabet-owned self-driving company has been coy ever since, simply stating it is providing many hundreds of thousands of weekly rides. Now, we have a firmer grasp on those weekly ride numbers, thanks to a leaked letter from Tiger Global Management to it investors that was first reported by CNBC.

The letter was an appeal for investment into Tiger Global’s next venture capital fund and called out the gains, so far, of its current fund. Those gains rested largely on its investments in hot companies like OpenAI, Databricks, and Waymo. In the letter, Tiger disclosed that Waymo is now providing 450,000 robotaxi rides per week — nearly double the amount it disclosed this spring.

That number will rise as the company continues its aggressive rollout strategy, too. Waymo, which provides commercial robotaxi service in five cities, has announced plans to launch in 12 additional cities in 2026, including Dallas, Denver, Houston, Nashville, and San Diego.

A Waymo spokesperson declined to comment.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Nvidia Denies ‘Far-Fetched’ Claims as Chip-Smuggling Allegations Target China’s DeepSeek

The allegations reveal the failure of physical export controls and open a new front in the battle to...

Bitcoin Ends Week in the Red, Shedding All Fed-Fueled Gains Amid Liquidity Worries

Bitcoin started the week above $90,000 but slid to just under $89,000 as traders braced for the Bank...

Prysm Bug After Fusaka Threatened Ethereum Stability

Prysm developers released a post-mortem analysis...

Stablecoin Issuer Circle To Issue New Privacy Coin ‘USDCx’ In Partnership With Layer-1 Chain Aleo: Report

The crypto giant Circle has reportedly partnered with the layer-1 privacy blockchain Aleo to launch a new stablecoin...

Advertisement

Bithumb raided over former CEO’s $2M apartment purchase, report

The raid follows an investigation into a former Bithumb CEO who allegedly misused $2 million of company money...

Must read

Nvidia Denies ‘Far-Fetched’ Claims as Chip-Smuggling Allegations Target China’s DeepSeek

The allegations reveal the failure of physical export...

Bitcoin Ends Week in the Red, Shedding All Fed-Fueled Gains Amid Liquidity Worries

Bitcoin started the week above $90,000 but slid...

You might also likeRELATED
Recommended to you