Followers | 679 |
Posts | 140822 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Friday, December 20, 2019 2:39:10 PM
By: Market Realist | December 20, 2019
Alphabet’s (GOOGL) Waymo made its first acquisition this month, according to Crunchbase data. The company bought British AI startup Latent Logic, which is based in Oxford. Waymo competes with Uber Technologies (UBER) to develop self-driving vehicles for transporting passengers and packages. Waymo and Uber also compete in the ride-hailing market.
Currently, Uber enjoys a huge lead in the US ride-hailing market. The company controls about 70% of the US ride-hailing market, according to Second Measure data. Lyft (LYFT) controls about 30% of the US ride-hailing market. Collectively, Waymo and the other small players control 1.0% of the market.
Waymo started working on self-driving cars in 2009 when it was still part of Google. Today, the company has built self-driving vehicles and launched a self-driving taxi service in Phoenix, Arizona, under the Waymo One brand. The Latent Logic acquisition will likely strengthen Waymo’s self-driving technology.
However, Uber is still struggling to make its self-driving car a reality. Waymo might benefit from Uber’s struggle.
Uber might license Waymo’s self-driving technology
An expert review of Uber’s self-driving software found that it contains Waymo technology. Currently, Uber’s use of its self-driving software would infringe on Waymo’s intellectual property rights. As a result, Uber has two options to resolve the problem if it wants to build self-driving vehicles. First, Uber would have to redesign its self-driving software. Second, Uber would need to license Waymo’s self-driving technology.
Uber said that redesigning its self-driving software would be expensive and take a long time. Therefore, the easy way out for Uber is to license Waymo’s technology.
Waymo to establish a European hub
Waymo will use the Latent Logic acquisition to set up its first European engineering hub. As Waymo looks to expand in Europe, Uber is struggling in the region. Last month, Uber lost the license to operate its ride-hailing service in London. This week, a German court banned Uber from offering its ride-hailing service in the country.
Alphabet stock has gained 30% in 2019, which makes it one of the best performing big tech stocks this year. Uber and Lyft both went public this year. So far, their stocks have fallen by about 30% and 40%.
Alphabet’s other bets generate minimal revenues
Waymo is one of Alphabet’s other bets. The bets mainly a collection of experimental businesses. The other bets generated $155 million in revenues in the third quarter, which represents less than 0.5% of Alphabet’s total revenues. The other bets made an operating loss of $941 million in the third quarter.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent GOOG News
- Google Terminates Employees Over Protests Against Israeli Government Contract • IH Market News • 04/18/2024 12:20:50 PM
- Apple in Talks with Google to Integrate Gemini AI into iPhone, Shaping a New Era in Tech Collaboration • IH Market News • 03/19/2024 10:39:54 AM
- Futures Pointing To Continued Weakness On Wall Street • IH Market News • 03/05/2024 02:03:27 PM
- U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback • IH Market News • 02/27/2024 02:14:46 PM
- FTC to Inquire to Microsoft's, Google's, Amazon's AI Partnerships • Dow Jones News • 01/25/2024 06:12:00 PM
- Lüm Mobile Taps Alepo's TelcoBot.ai for Generative AI Customer Service • PR Newswire (US) • 01/25/2024 04:00:00 PM
- Alphabet on Track for Record High Close -- Data Talk • Dow Jones News • 01/25/2024 03:45:00 PM
- Google to Settle Chip Patent Lawsuit With Singular Computing • Dow Jones News • 01/24/2024 07:15:00 PM
- Alphabet Division X Cutting Dozens of Staff, Bloomberg Reports • Dow Jones News • 01/22/2024 04:32:00 PM
- Alphabet on Track for Highest Close Since February 2022 -- Data Talk • Dow Jones News • 01/22/2024 03:36:00 PM
- AST SpaceMobile Gets Investments From AT&T, Google • Dow Jones News • 01/18/2024 10:00:00 PM
- Google to Invest $1 Billion to Build UK Data Center • Dow Jones News • 01/18/2024 06:51:00 PM
- Applied Materials, Google to Collaborate on AR Technology • Dow Jones News • 01/09/2024 01:12:00 PM
- Alphabet on Track for Highest Close Since April 2022 -- Data Talk • Dow Jones News • 12/20/2023 03:49:00 PM
- Trending: Alphabet to Pay $700 Million in Google Play Settlement • Dow Jones News • 12/19/2023 08:13:00 PM
- Trending: Epic Games Wins Antitrust Lawsuit Against Google • Dow Jones News • 12/12/2023 03:50:00 PM
- Alphabet on Pace for Largest Percent Increase Since July -- Data Talk • Dow Jones News • 12/07/2023 03:22:00 PM
- Google, Canada Reach Deal Over Planned Online News Law • Dow Jones News • 11/29/2023 08:05:00 PM
- Google, Canadian Government Reach Deal on Online News Act, CBC Reports • Dow Jones News • 11/29/2023 05:23:00 PM
- VMware and Google Cloud announce planned PostgreSQL-compatible Database Solution for traditional and generative AI applications on VMware Cloud Foundation • Business Wire • 11/07/2023 08:05:00 AM
- Match Group, Google Reach Binding Term Sheet in Legal Battle • Dow Jones News • 10/31/2023 09:29:00 PM
- Alphabet Ends Down 9.5%, Sees Largest Percent Decrease Since March 2020 -- Data Talk Update • Dow Jones News • 10/25/2023 08:59:00 PM
- Alphabet Down Over 8%, on Pace for Largest Percent Decrease in Almost a Year -- Data Talk • Dow Jones News • 10/25/2023 02:48:00 PM
- Stocks to Watch: Microsoft, Alphabet, Stride • Dow Jones News • 10/25/2023 12:16:00 AM
- Google Plans to Start Making Pixel Smartphones in India • Dow Jones News • 10/19/2023 09:15:00 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM