On December 17, 2024, Alphabet's self-driving unit, Waymo, announced the expansion of its fully autonomous ride-hailing service to Los Angeles. This marks a significant operational milestone, bringing Waymo's driverless vehicles to another major U.S. city.
The expansion follows successful launches in other metropolitan areas, including San Francisco in June and Phoenix, Arizona, in 2020. This systematic rollout demonstrates Waymo's progress in scaling its autonomous vehicle technology and commercial operations.
Entering the Los Angeles market positions Waymo to capture a share of the large urban transportation sector. This move is crucial for demonstrating the viability and scalability of its autonomous driving technology, reinforcing Alphabet's long-term investment in this 'Other Bets' segment.
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