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Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M YoY, and announces a “multiyear” $5B investment in Waymo

$5B in newly committed funding from Alphabet  — 50,000 weekly paid, public rides  — 2M trips to date … Forums: r/sanfrancisco : Alphabet to invest $5 billion in self-driving car unit Waymo r/technology : Alphabet to invest $5 billion in self-driving car unit Waymo r/waymo : Alphabet to invest another $5B into Waymo r/MVIS : Alphabet to invest $5 billion in self-driving car unit Waymo

CNBC Jennifer Elias

Discussion

  • @techtekedra Tekedra N Mawakana on x
    Alphabet has committed up to $5B to @Waymo. We are grateful for their immense vote of confidence in our team and recognizing the amazing progress we've made with our technology, product, and commercialization efforts.
  • @can @can on x
    I don't get how you can argue in good faith as a tech executive that Biden et al hasn't been good for business. Everything is great!
  • @techtekedra Tekedra N Mawakana on x
    Kudos to our incredible team! We are in the midst of a thrilling moment as we reach major milestones: ✔️Opening Waymo One in San Francisco (no waitlist) ✔️Continuing to make meaningful technological progress ✔️Providing a record-breaking # of fully autonomous trips in SF, PHX, LA
  • @dmitri_dolgov Dmitri Dolgov on x
    Thank you Alphabet, Waymonauts, and, thank you Waymo One riders! This is a testament to the milestones we've reached together and the many more to come as we improve road safety and advance the World's Most Experienced Driver. Cheers!
  • r/sanfrancisco r on reddit
    Alphabet to invest $5 billion in self-driving car unit Waymo
  • r/technology r on reddit
    Alphabet to invest $5 billion in self-driving car unit Waymo
  • r/waymo r on reddit
    Alphabet to invest another $5B into Waymo
  • r/MVIS r on reddit
    Alphabet to invest $5 billion in self-driving car unit Waymo