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Waymo cars are coming to New York, but with a driver behind the wheel

1. Waymo plans to test driverless vehicles in New York City soon. 2. Initial operation to include a human driver for safety purposes. 3. Waymo aims to expand autonomous services across major U.S. cities by 2026. 4. Approval of permits could lead to significant market opportunities for Waymo. 5. Waymo's current ride-hailing service handles over 250,000 trips weekly.

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FAQ

Why Bullish?

Waymo's expansion into New York could increase future revenues. Historical validations include successful launches in Phoenix and San Francisco.

How important is it?

The article outlines key developments that could lead to significant revenue opportunities for Waymo, which is closely tied to GOOG's strategic focus on autonomous technology.

Why Long Term?

Expansion plans can significantly influence GOOG's stock as markets mature and regulations are adjusted. Similar long-term impacts were noticed when Uber expanded into new markets.

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