Americans' Attitude Towards Autonomous Rideshares Improves
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 hours ago
0mins
Should l Buy GOOGL?
Source: Fool
- Positive Survey Results: A recent survey by Murphy & Prachthauser found that 70% of Americans feel anxious about riding in autonomous rideshares, yet 64% of those who have experienced self-driving vehicles felt comfortable during their last ride, indicating a growing acceptance of this emerging market.
- Waymo's Market Leadership: Waymo's autonomous vehicles have completed over 20 million rides, boasting a 93% customer satisfaction rate, and its safety record shows a 92% reduction in serious injuries and pedestrian crashes compared to human drivers, making it a safer choice as determined by insurance giant Swiss Re.
- Tesla's Expansion Plans: Tesla is currently offering autonomous rideshare services in Austin and plans to expand into more cities, with VP Lars Moravy stating that Tesla is the only company capable of scaling quickly to meet the surging demand for autonomy, highlighting the massive potential market size.
- Technological Competitive Edge: Tesla's full self-driving technology relies solely on computer vision, which lowers costs but may compromise safety, while Waymo employs LiDAR sensors, showcasing a fundamental difference in their technological approaches that could impact future market shares.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 287.560
Low
305.00
Averages
374.25
High
400.00
Current: 287.560
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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See More
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- Intensifying Market Competition: OpenAI has entered a cloud services agreement with Amazon, but Microsoft has threatened legal action, alleging a breach of exclusive partnership terms, which could hinder future product launches.
- Technological Transformation: Codex is seen as the operating system for modern offices, capable of supporting multiple AI agents working on complex tasks simultaneously, marking OpenAI's shift from a research lab to a high-touch partner.
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See More
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See More
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- Strong Future Guidance: The company guided for $33.5 billion in revenue for the upcoming quarter, significantly above analysts' expectations of $24.3 billion, indicating robust confidence in AI infrastructure investments that could drive sustained future growth.
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