{"id":47208,"date":"2023-08-11T10:16:11","date_gmt":"2023-08-11T14:16:11","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/alphabet-gm-get-green-light-for-robotaxi-fleets\/"},"modified":"2023-08-11T10:16:14","modified_gmt":"2023-08-11T14:16:14","slug":"alphabet-gm-get-green-light-for-robotaxi-fleets","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=47208","title":{"rendered":"Alphabet, GM Get Green Light for Robotaxi Fleets"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000717866\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Self-driving car companies have been given expanded permissions to operate in San Francisco. Californian regulators are backing the technology despite local concerns. <\/p>\n<p>The California Public Utilities Commission voted on Thursday to allow Cruise, majority owned by<br \/>\n        General Motors<br \/>\n       (ticker: GM), and Waymo, part of Google-parent<br \/>\n        Alphabet<br \/>\n       (GOOGL) to offer paid rides in driverless vehicles across the city at all hours of the day, with an unlimited number of vehicles.<\/p>\n<div class=\"paywall\">\n<p>Self-driving cars are popping up in more cities in the U.S. but as they spread, so do concerns about their safety.\u00a0San Francisco officials opposed the expanded self-driving permissions but the state wide Commission has authority over passenger transportation. <\/p>\n<p>\u201cWhile we do not yet have the data to judge AVs [autonomous vehicles] against the standard human drivers are setting, I do believe in the potential of this technology to increase safety on the roadway,\u201d said CPUC Commissioner John Reynolds in a statement.\u00a0<\/p>\n<p>Fully self-driving cars are expected to be big business eventually \u2013GM believes it can generate\u00a0$80 billion\u00a0in annual sales by 2030 from software and self-driving applications\u2013 but are lossmaking projects for now. GM shares were flat in premarket trading Friday while Alphabet shares were down 0.2%. <\/p>\n<p>GM and Alphabet aren\u2019t the only companies looking to benefit from the growth of self-driving cars.<br \/>\n        Tesla<span>\u2019s<\/span><br \/>\n       (TSLA) vehicles currently require driver supervision but CEO Elon Musk has repeatedly said the company eventually wants to build a robotaxi.<br \/>\n        Amazon.com<br \/>\n       (AMZN) is also expanding in the space via its Zoox business.<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/alphabet-waymo-google-gm-cruise-robotaxis-california-36e0c6c0?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Self-driving car companies have been given expanded permissions to operate in San Francisco. Californian regulators are backing the technology despite local concerns. The California Public Utilities Commission voted on Thursday to allow Cruise, majority owned by General Motors (ticker: GM), and Waymo, part of Google-parent Alphabet (GOOGL) to offer paid rides in driverless vehicles across [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-47208","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alphabet, GM Get Green Light for Robotaxi Fleets | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Self-driving car companies have been given expanded permissions to operate in San Francisco. 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