Alphabet's autonomous driving unit, Waymo, has achieved significant commercial scale, providing 400,000 paid rides per week across over 20 cities and validating the company's diversification strategy.

  • Waymo is the first 'Other Bet' (non-core Alphabet business) to reach this level of commercial success and scale.
  • The technological milestone is supported by DeepMind’s Genie 3 AI model, which Waymo uses to build realistic virtual worlds for self-driving training.
  • Despite the operational success, GOOGL shares traded down 2.61% amid broader concerns regarding the company’s massive AI infrastructure spending.