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Waymo to begin testing in Philadelphia with safety drivers behind the wheel

1. Waymo begins testing self-driving vehicles in Philadelphia with human drivers. 2. Expanded testing aims to collect data for future ride-sharing services. 3. Waymo targets broader rollout in major cities including New York. 4. Revenue from Other Bets grew in 2024 but still reported significant losses. 5. Alphabet is under pressure to monetize AI products amidst infrastructure spending.

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FAQ

Why Bullish?

Waymo's expansion into new cities signals growth potential despite past losses. Historical context shows new testing phases often correlate with eventual revenue increases.

How important is it?

The article addresses Waymo's continued investment and testing, which directly ties to Alphabet's long-term strategy and potential revenue growth.

Why Long Term?

While testing is ongoing, significant monetization may take years as infrastructure is built. Historical examples like Waymo's expansion into Phoenix provide insight on gradual acceptance and growth.

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