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Waymo has been spending about a billion dollars a year, with zero revenue.

Over 15 years ago, I had an entry in the DARPA Grand Challenge. I never dreamed that 15 year later, after all parties had spent about $18 billion, the self-driving industry would be at zero revenue.



This one claims "200,000 revenue-generating rides"

https://www.latimes.com/business/story/2020-02-17/self-drivi...

I think if you said "zero profit" you'd undoubtedly be correct


That "revenue" is a rounding error compared to investment in fully autonomous technology.

I am fairly confident that revenue will still be a rounding error in the next 3-5 years.

Investors are betting on a really long game here. This is another indicator of capital being really cheap in the current environment.


"revealing a safety driver..."

If it has a "safety driver", it's not self-driving. No cost advantage.


Waymo one has been charging for rides. It's chump change, but technically they do collect revenue.




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