
Waymo to begin testing in Philadelphia with safety drivers behind the wheel
"This city is a National Treasure," Waymo wrote in a post on X on Monday. "It's a city of love, where eagles fly with a gritty spirit and cheese that spreads and cheese that steaks. Our road trip continues to Philly next."
The Alphabet-owned company confirmed to CNBC that it will be testing in Pennsylvania's largest city through the fall, adding that the initial fleet of cars will be manually driven through the more complex parts of Philadelphia, including downtown and on freeways.
"Folks will see our vehicles driving at all hours throughout various neighborhoods, from North Central to Eastwick, and from University City to as far east as the Delaware River," a Waymo spokesperson said.
With its so-called road trips, Waymo seeks to collect mapping data and evaluate how its autonomous technology, Waymo Driver, performs in new environments, handling traffic patterns and local infrastructure. Road trips are often used a way for the company to gauge whether it can potentially offer a paid ride share service in a particular location.
The expanded testing, which will go through the fall, comes as Waymo aims for a broader rollout. Last month, the company announced plans to drive vehicles manually in New York for testing, marking the first step toward potentially cracking the largest U.S. city. Waymo applied for a permit with the New York City Department of Transportation to operate autonomously with a trained specialist behind the wheel in Manhattan. State law currently doesn't allow for such driverless operations.
Waymo One provides more than 250,000 paid trips each week across Phoenix, San Francisco, Los Angeles, and Austin, Texas, and is preparing to bring fully autonomous rides to Atlanta, Miami, and Washington, D.C., in 2026.
Alphabet has been under pressure to monetize artificial intelligence products as it bolsters spending on infrastructure. Alphabet's "Other Bets" segment, which includes Waymo, brought in revenue of $1.65 billion in 2024, up from $1.53 billion in 2023. However, the segment lost $4.44 billion last year, compared to a loss of $4.09 billion the previous year.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
an hour ago
- CNBC
Apple names Sabih Khan as new COO
CNBC's Steve Kovach joins 'Closing Bell Overtime' to talk the latest C-Suite changes coming to Apple.


CNBC
an hour ago
- CNBC
CNBC Markets Now: July 8, 2025
CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.
Yahoo
2 hours ago
- Yahoo
Can Google Cloud's Growing Clientele Push the GOOGL Stock Higher?
Alphabet GOOGL has been benefiting from a growing Google Cloud business that accounted for 13.6% of total revenues in the first quarter of 2025. Google Cloud revenues jumped 28.1% year over year to $12.26 billion, driven by strong GCP growth and a solid demand for AI infrastructure as well as generative AI solutions. Google Cloud is now expanding its footprint based on the latest deals with Ecobank in Africa and to Synergy Research Group data, Google Cloud, along with Microsoft MSFT, is gaining market share, while Amazon's AMZN cloud arm, Amazon Web Services, continues to lead with a 29% market share in the first quarter of 2025. Alphabet and Microsoft had 22% and 12% market share, respectively. Google Cloud is benefiting from an expanding clientele and rich partner base. Google Cloud is benefiting from its partnership with NVIDIA NVDA. Google Cloud was the first cloud provider to offer NVIDIA's B200 and GB200 Blackwell GPUs and will be offering its next-generation Vera Rubin GPUs. Google Cloud is becoming a preferred choice for enterprises planning to deploy AI agents thanks to the Agent Development Kit and a low-code tool offering Agent Designer. The addition of Wiz to Google Cloud will boost competitive prowess against the likes of Amazon and Microsoft in the cloud computing space. Google Cloud's expanding clientele is expected to boost Alphabet's top line. BBVA's deal with Google Cloud will enable it to deploy Google Workspace with Gemini across the global operations of the bank. Meanwhile, the Ecobank collaboration aims at transforming financial services with advanced analytics and AI and driving digital empowerment across Africa. This offers a significant growth opportunity for Google Cloud in one of the most underpenetrated regions of the globe. Alphabet shares have dropped 6.8% year to date, underperforming the broader Zacks Computer & Technology sector's appreciation of 7%. GOOGL shares have underperformed Microsoft and Amazon, two of its closest competitors in the cloud computing domain. Image Source: Zacks Investment Research Alphabet's focus on leveraging AI to drive growth is a key catalyst. AI is infused heavily across its offerings, including Search, Google Cloud and Pixel. Alphabet has been taking up initiatives to improve its market share in Search through AI innovations. The addition of AI mode expands AI Overview's advanced reasoning, thinking and multimodal capabilities. AI Overviews is driving a more than 10% increase in the usage of Google for queries that support AI Overviews in Google's biggest markets, like India and the United States. AI Overview is currently used by more than 1.5 billion people monthly. AI mode is now available in the United States. Circle to Search has been another key catalyst driving user engagement. At the end of the first quarter of 2025, Circle to Search was available on 250 million devices, with usage increasing roughly 40% during the quarter. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $2.12 per share, unchanged over the past 30 days, indicating 12.17% year-over-year growth. Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote The consensus mark for 2025 earnings is pegged at $9.53 per share, unchanged over the past 30 days, suggesting 18.53% year-over-year growth. Regulatory headwinds like the lawsuit between the Department of Justice (DOJ) and GOOGL over Google Search are a concern. The DOJ argues that Google has inked anticompetitive deals with Apple and other companies for prime placement of its search engine and plans to break up Google to separate products like Chrome, Search and Android. DOJ's proposal doesn't bode well for Alphabet, given growing competition from AI-powered products like ChatGPT, Grok, DeepSeek, Perplexity and Meta is suffering from a lack of capacity, and until new capacity comes online this year, cloud revenues are expected to witness increased variability. The company expects to invest roughly $75 billion in capital expenditures in 2025, which is aimed at building up technical infrastructure, primarily for servers, followed by data centers and networking. Alphabet expects advertising revenue growth to be lower due to a challenging year-over-year comparison. The company enjoyed solid growth in the financial services vertical in 2024. The Value Score of C suggests a stretched valuation for Alphabet at this stock is trading at a premium, with a forward 12-month Price/Sales of 6.22X compared with the Zacks Internet Services industry's 5.33X. Image Source: Zacks Investment Research Alphabet's growing AI capabilities and significant investments in cloud computing bode well for long-term investors. So, investors who have already invested in GOOGL stock should stay stiff competition in the cloud space, as well as the search engine market and increasing regulatory headwinds make the GOOGL stock risky in the near currently has a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point to start accumulating the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research