The Band of the Coldstream Guards (Henry Nicholls/Getty Images)

Google’s Waymo plans to launch autonomous rides in London next year

This marks the company’s second international expansion after Tokyo.

10/15/25 4:00AM

Google’s autonomous ride-hailing service, Waymo, is heading to London, where it plans to begin offering rides to the public next year.

Waymo said it will start testing vehicles with trained safety drivers behind the wheel in the “coming weeks.” It’s not the only autonomous ride-hailing company racing to break into London: Uber and UK-based autonomous tech company Wayve this summer announced their intention to partner to offer rides there.

The announcements follow the UK government’s push to fast-track autonomous pilot programs into the spring of 2026, up from late 2027. Firms will be allowed to “pilot small scale ‘taxi- and bus-like’ services without a safety driver for the first time” before a potential wider rollout when the full Automated Vehicles Act becomes law in the second half of 2027, according to the Department of Transport.

“Boosting the AV sector will increase accessible transport options alongside bringing jobs, investment, and opportunities to the UK,” Secretary of State for Transport Heidi Alexander said in Waymo’s press release. Waymo also touted that its vehicles, Jaguar I-PACEs, are part of an “iconic British brand.”

Waymo didn’t say how many vehicles would be available to the public at launch, but it said it would scale up operations in conjunction with the government’s guidelines and approval processes.

Customers will use Waymo’s app to hail rides. Waymo has partnered again with Moove for fleet management.

London will be Waymo’s second international market besides Tokyo, where it’s currently testing.

Waymo is currently the largest autonomous ride-hailing service in the US, where it operates in five cities with plans to expand to another six next year. One of its main competitors in the US is Tesla, which is currently operating about 30 robotaxis in Austin with a person in the passenger’s seat.

Rani Molla2h

Tesla sales continued to fall in Europe last month — but there were a few bright spots

Tesla’s self-proclaimed “weakest market” continued to look weak in November, as sales mostly kept dropping year-over-year across European countries, including Sweden, France and Spain, Reuters reports.

However, there were a couple of notable bright spots for Tesla, which has suffered due to strong competition and an aging lineup. In Norway, as consumers face the end of certain EV subsidies, Tesla sales jumped 175% in November and about 35% for the first 11 months of 2025. Meanwhile, in Italy, sales increased 58% year-on-year after declining for six months. From January to November, Tesla sales fell 28% there.

Jon Keegan3h

More AI startups are reportedly turning to free Chinese AI models

The biggest tech companies in the world, like OpenAI, Google, and Meta, are racing to build dozens of gigawatts of AI computing infrastructure to meet what they say is incredibly high demand.

But free, open-weight Chinese AI models like DeepSeek and Qwen have been rapidly catching up to the leading frontier models.

According to a report from NBC News, more AI startups are deciding that these Chinese models might be cheap enough and good enough to pass on the state-of-the-art offerings from OpenAI, Meta, and Google. This, of course, would be very bad news for the AI capex orgy that is currently consuming the tech sector.

As the huge, all-purpose models try to do it all, startups are taking advantage of these open-weight models, which can be distilled and customized for specific applications, and usually for a much lower cost.

More of Silicon Valley is building on free Chinese AI

Rani Molla4h

“The Big Short” investor calls Tesla “ridiculously overvalued”

“The Big Short” investor Michael Burry says Tesla’s market cap has been “ridiculously overvalued” for “a good long time.” In his latest Substack post, he criticized what he calls the “tragic algebra” of stock-based compensation, arguing that companies like Tesla understate their true economic cost because, though stock-based comp is a noncash expense under GAAP, it still dilutes shareholders.

Burry wrote that CEO Elon Musk’s compensation package — which could reach $1 trillion — ensures that “dilution is certain to continue.” He estimated Tesla’s share count will expand by roughly 3.6% per year without buybacks — far higher than Amazon’s 1.3% and more comparable to Palantir’s 4.6%. In his view, failing to account for this compounding leaves investors with an overly generous picture of long-term profitability.

Tesla didn’t immediately respond to a request for comment.

Foundations: The Tragic Algebra of Stock-Based Compensation

Tesla didn’t immediately respond to a request for comment.

Jon Keegan5h

Amazon AWS due to roll out its own updated AI models this week

This week in Las Vegas, Amazon AWS is sure to make some news at its re:Invent developer conference.

AWS is the current undisputed cloud computing leader, serving up AI computing services for many of the top players, but most importantly enterprise darling Anthropic.

Last quarter, Amazon reported that AWS revenue grew 20% year on year and it had a $200 billion backlog of contracted business it was racing to fulfill.

But AWS has greater ambitions than being just a cloud provider. Looking toward efficiency and lower costs, AWS has been developing its own AI models, named Nova. The Information reports that this week will see a significant update to Nova, which was described in the report as the company’s first real “all-in-one” multimodal model.

As AWS Preps New AI Models, Relations With Anthropic Get Complicated

Last quarter, Amazon reported that AWS revenue grew 20% year on year and it had a $200 billion backlog of contracted business it was racing to fulfill.

Rani Molla7h

Tesla sold more cars in Norway this year than any automaker ever as buyers get ahead of tax hike

Norway is proving to be a rare bright spot in Europe, Tesla’s “weakest market,” with the EV company setting an annual car sales record in the country, Reuters reports. Tesla sales jumped 175% in Norway in November compared to the same month a year earlier, selling more than 6,000 new cars there as customers race to get ahead of what’s effectively a tax hike on EVs when the country rolls back subsidies.

That brings its year-to-date total sales to a record of 28,606 cars — higher than the previous record set by Volkswagen in 2016 — with a month to spare. Last month, fully electric vehicles made up 97.6% of all new cars sold in Norway.

Meanwhile, Tesla sales continue to languish across much of the rest of Europe. Early figures show double-digit declines in France, Sweden, and Denmark in November. Sales in Spain fell nearly 9% last month. Data from October saw sales halve in both the UK and Germany. Europe is Tesla’s third-biggest market after the US and China.