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Waymo is full speed ahead as safety incidents and regulators stymie competitor Cruise - TL;DR CNBC

Waymo is full speed ahead as safety incidents and regulators stymie competitor Cruise

Publishing timestamp: 2023-12-05 14:38:16


Summary

Waymo, Alphabet's self-driving car unit, is performing well compared to its rival GM's Cruise. Waymo has not faced the same safety concerns and incidents as Cruise, and its public perception and regulatory tone have remained positive. Waymo has been operating since 2009 and has expanded its autonomous ride-hailing service to multiple cities. The company has invested heavily in infrastructure and simulation to test and improve its self-driving technology. Waymo has seen an increase in ridership and positive feedback from riders. The company has also engaged with communities and first responders to address their concerns and incorporate their feedback. Waymo has a positive relationship with regulators and has been transparent in sharing safety frameworks and collision data. The company utilizes various AI techniques, including deep learning and reinforcement learning, to detect and predict the behavior of different objects on the road. Waymo's driving is done by the Waymo Driver on the car, with remote support available for clarification in ambiguous situations. The biggest internal obstacle for Waymo has been reducing costs. When expanding to new cities, Waymo looks for a combination of factors, including population growth, interesting road maneuvers, and weather conditions.


Sentiment: NEUTRAL

Tickers: GOOGLGM

Keywords: artificial intelligencealphabet incdriverless carssan franciscosciencebreaking news: technologyphoenixgeneral motors cotransportationbusiness newstechnologyautos

Source: https://www.cnbc.com/2023/12/05/waymo-chief-product-officer-on-progress-competition-vs-cruise.html


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