Tech
Waymo Self-Driving Electric Car Sighted In London
(Ming Yeung/Getty Images)
waymo’s world

Waymo’s now serving more than 500,000 paid robotaxi rides every week

The Alphabet-owned company grew its ridership more than tenfold in less than two years.

Claire Yubin Oh

Per the company’s post on X last Thursday, Google-owned Waymo is now providing 500,000 paid robotaxi rides every week, an eye-popping figure that’s slowly turning the street-side attraction into a daily scenery in some 10 cities in the US.

Great reporting from TechCrunch captures the scale and speed of Waymo’s journey. Back in May 2024, that number was a mere 50,000, but thanks to a rapid expansion to new markets in Austin, Atlanta, Miami, Dallas, Houston, San Antonio, and Orlando, the company is now doing half a million rides a week. That’s about 50 rides per minute.

Waymo paid ride growth
Sherwood News

In terms of mileage, Waymo reached an astonishing 171 million cumulative miles by the end of last year, or some “200 lifetimes of driving,” per the company. Its robotaxi fleet has grown to more than 3,000 vehicles as of December 2025, and might even size up 18x if reports of Hyundai looking to supply Waymo with 50,000 cars becomes a dream come true. 

Operating as a stand-alone entity, but owned by Google and YouTube owner Alphabet, Waymo has the deep pockets needed to invest in the expensive autonomous driving technology, raising $16 billion back in February, valuing it at $126 billion and putting it miles ahead of independent, smaller competitors like Wayve or Pony AI. In February, CEO Tekedra Mawakana said she expects the company to hit 1 million weekly paid rides this year.

Way mo’ to go 

Waymo’s growing presence in the get-people-somewhere game is hard to ignore for companies like Uber. For now, the two are working together, with Uber providing exclusive access to Waymo vehicles in cities like Austin and Atlanta through its widely popular app.

But that mutually beneficial relationship could become an existential threat for Uber if people continue to adopt robotaxis at this pace. JPMorgan analysts expect Waymo to account for 7% of the entire US ride-share market by 2030, “taking some share from Uber and Lyft,” adding that such an estimate “could still be conservative.”

More Tech

See all Tech
CHINA-US-DIPLOMACY

Anthropic really doesn’t want the US to help China with AI

Anthropic made its case for freezing China out of the AI race as much as possible in a new policy paper. The company warned that letting China catch up to US AI companies could risk AI-powered mass surveillance and huge risks to monitoring AI safety.

Tesla Robotaxi

Tesla finally reported un-redacted information about its Robotaxi crashes

There have been a total of 17 crashes so far among its Texas Robotaxis. Read about them all here.

tech

Alphabet sold $3.6 billion in Japanese yen bonds — a record for a foreign company — likely to help its AI capex binge

We now have the value for Alphabet’s Japanese yen bond raise — 576.5 billion yen, or $3.6 billion — and it’s a record for a foreign issuer in Japan. The deal was spread across seven tranches with maturities ranging from 3 to 40 years, allowing the company to lock in rates as low as 1.965%.

The latest deal comes on the heels of Alphabet’s massive US and European bond deals, where the company has tapped global markets for nearly $60 billion in fresh capital over the last few months. In a filing earlier this week, the search giant said it would use the proceeds for “general corporate purposes.” That likely means fueling its AI infrastructure build-out, which has pushed its projected 2026 capex bill to a staggering $190 billion.

tech
Rani Molla

Bloomberg: Relationship between OpenAI and Apple has deteriorated and legal action may be imminent

The two-year-old alliance between Apple and OpenAI has deteriorated, Bloomberg reports, with the AI giant now consulting legal counsel about issuing a potential breach of contract notice.

OpenAI executives allege that Apple failed to adequately integrate and promote ChatGPT on the iPhone, causing the AI firm to lose out on billions a year in subscriptions and hurt its brand, according to the report.

Meanwhile, Apple has expressed concerns over OpenAI’s privacy protection, and has been miffed that OpenAI has been working on its own hardware with former Apple design lead Jony Ive.

More recently, Apple, which has trailed its peers in developing AI, has decided to offer users their choice of AI models, rather than aligning exclusively with OpenAI’s.

Meanwhile, Apple has expressed concerns over OpenAI’s privacy protection, and has been miffed that OpenAI has been working on its own hardware with former Apple design lead Jony Ive.

More recently, Apple, which has trailed its peers in developing AI, has decided to offer users their choice of AI models, rather than aligning exclusively with OpenAI’s.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.