From Nasdaq:

Alphabet’s Waymo is expanding its ride-hailing service, Waymo One, to Austin, TX, testing self-driving vehicles equipped with advanced technology across 43 square miles. This move enhances Waymo’s customer reach and competitive edge in the autonomous driving space. In a multi-year partnership, Waymo will offer autonomous driving experiences to Uber’s customers in Phoenix, AZ, further solidifying its presence in the market. This expansion reflects Alphabet’s commitment to growth and innovation in the autonomous vehicle sector, positioning the company for success in the future. The global autonomous vehicle market is projected to reach $2.35 trillion by 2032, signaling significant growth opportunities for companies like Alphabet. Amazon and Baidu are also actively participating in the autonomous driving space with strategic acquisitions, partnerships, and expansions of their own. As Alphabet continues to expand Waymo’s operations and technology, it strengthens its position in the competitive autonomous driving market, paving the way for future success. For investors, Alphabet’s positioning in the booming autonomous driving sector may present compelling opportunities for growth and profitability.



Read more at Nasdaq: Alphabet’s (GOOGL) Waymo Makes Way to Austin, Boosts Efforts