Alphabet reported that its self-driving ride hailing unit has increased the number of paid rides it provides by 50% since August. Each week, Waymo is driving more than one million fully autonomous miles and serves over 150,000 paid rides, Alphabet said. The Other Bets unit (in which Waymo is the largest component) increased revenues by 31% to 388 million US dollars, while making a loss of 1.1 billion dollars.
"Through its expanded network and operations partnership with Uber in Austin and Atlanta, plus a new multi-year partnership with Hyundai, Waymo will bring fully autonomous driving to more people and places," said Sundar Pichai, CEO of Alphabet. "By developing a universal driver, Waymo has multiple paths to market. And with its sixth-generation system, Waymo has significantly reduced unit costs without compromising safety." He went on to say that the pace at which Waymo can launch in a new city is accelerating.
Alphabet also reported that its Lens augmented reality app is now used for over 20 billion visual searches per month. It added that one in four of these searches have commercial intent. Source: Alphabet
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