Alphabet reported a 15% year-on-year rise in revenues to 84.7 billion US dollars for the second quarter of 2024 in constant currencies. It also announced that it would invest a further 5 billion dollars in its self-driving developer Waymo.
Sundar Pichai, CEO of Alphabet, said: "In Other Bets, I'm really pleased with the progress Waymo is making, a real leader in space and getting rave reviews from users. Waymo served more than two million trips to date and driven more than 20 million fully autonomous miles on public roads. Waymo is now delivering well over 50,000 weekly paid public rides, primarily in San Francisco and Phoenix. And in June, we removed the wait list in San Francisco, so anyone can take a ride. Fully autonomous testing is underway in other Bay Area locations without a human in the driver seat." Source: Alphabet collateral
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