After years of investment and the withdrawal of some big companies such as General Motors and Ford, the company Waymo (Waymo) affiliated with Google was able to make significant progress in the field of driverless cars.
While Waymo is the leader in self-driving cars in the US, domestic rivals such as Tesla and Amazon’s Zoox are trying to catch up to Waymo.
With significant growth predicted for the ride-sharing market, success in this area could pay off big for leading companies, writes CNBC.
According to research by Fortune Business Insights, the global robotic car sharing market is projected to grow from an estimated $123.08 billion in 2024 to $480.09 billion by 2032.
This year, Waymo successfully launched its self-driving taxi service in several cities in the United States. This project, which started in 2009 under the name “Shofer”, has successfully completed more than five million self-driving trips.
Waymo now offers its services in the cities of Phoenix, San Francisco and Los Angeles, and its geographic coverage includes more than 1,300 square kilometers of public roads. In June, this company made it possible for all San Francisco residents to use the self-driving taxi service by removing access restrictions.
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In July (July and August), Ruth Poratthe former chief financial officer of Alphabet, announced during the release of the financial report that Google’s parent company will invest $5.6 billion in Waymo, $5 billion of which will be provided directly by Alphabet.
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