Waymo recently secured $5.6 billion in funding, raising its valuation to over $45 billion. This financial boost, led by Alphabet and other investors, will support the expansion of Waymo-One robotaxi services in U.S. cities like San Francisco and Miami, aiming for over 150,000 weekly paid trips. Despite past setbacks, including a minor accident involving a cyclist and software issues, Waymo continues to symbolize progress in the self-driving sector. The company faces competition from Tesla, which announced its self-driving Cybercab robotaxi, though Tesla currently uses safety drivers.
Key takeaways:
```html
- Waymo is expanding internationally for the first time, testing its autonomous vehicles in Tokyo, Japan, starting in early 2025.
- The company is partnering with Japanese taxi company Nihon Kotsu to map Tokyo's streets, with human drivers initially operating the vehicles.
- Waymo has partnered with Japan's GO taxi app, suggesting future ride bookings through the app once public rides are available.
- Waymo recently received $5.6 billion in funding, valuing the company at over $45 billion, to expand its robotaxi services in the US and internationally.