How Waymo Pulled Ahead in the Robotaxi Race

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 23 October 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Waymo, the self-driving car company which is owned by Google’s parent, Alphabet, is winning the hearts and minds of passengers in San Francisco. WSJ reporter Meghan Bobrowsky joins host Zoe Thomas to discuss how the company has expanded its ridership and the future of the robotaxi industry. Plus, the artificial intelligence boom isn’t benefiting all companies in the semiconductor sector equally. We’ll tell you why. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street.
0:18.6	Welcome to Tech News briefing. It's Wednesday October 23rd. I'm Zoe Thomas for the Wall Street Journal.
0:27.0	Demand for artificial intelligence chips is booming, but the honeymoon for chip equipment makers may be coming to an end.
0:35.0	We'll find out why a contrast between companies at different ends of the semiconductor sector has become clear.
0:42.0	And then, after a somewhat bumpy start, the Robotaxie race is on,
0:48.0	and Alphabet's self-driving car unit Waymo is pulling ahead.
0:52.0	We'll tell you how Waymo got its lead.
0:59.0	Starting with the chips industry, the stock prices of companies like NVIDIA have been on a tear thanks to demand for
1:06.3	AI chips. But this demand is not benefiting all companies in the semiconductor space, and
1:12.2	investors last week may have experienced
1:14.4	whiplash after dueling earnings reports presented a mixed picture of the sector.
1:20.0	Here to tell us what's been going on is Dan Gallagher, a columnist for W.S.J's heard on the street.
1:25.6	So last week we had these sort of two opposite earnings results.
1:30.2	We had a Taiwan semiconductor manufacturing posting strong third-quarter results and they said that they expected revenue from
1:37.8	Server AI processors to more than triple and then the flip side of that is we had
1:42.4	ASML the Dutch equipment maker, said
1:45.0	net bookings were less than half of what Wall Street expected.
1:49.0	What is going on here?
1:50.0	There's a lot of complexities in the business
	...

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