Ross Gerber, CEO of Gerber Kawasaki Wealth and a prominent investor in Tesla Inc. (NASDAQ:TSLA), recently shared his thoughts on X regarding the competitive landscape in autonomous driving, specifically highlighting Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google's Waymo.
What Happened: He stated, "Google has the money and resources to scale globally. Costs will come down and their system will have several revenue sources. Like ads."
Gerber's remarks come in light of Waymo's recent expansion into Los Angeles, where they have increased their robotaxi service area significantly.
He noted, "A Waymo came up to us yesterday... they are everywhere in West LA. Wasn't sure why it was there. Then a girl came out. Professed her love for Waymo and took off. Robotaxi has been solved by Google. It works. Game over." This anecdote underscores the growing presence and acceptance of Waymo's autonomous vehicles in urban settings.
Why It Matters: This critique comes amid a broader conversation about the competitive landscape of autonomous driving. Recently, Waymo's co-founder expressed optimism about Tesla's self-driving vision, citing its extensive data collection as a key advantage. In contrast, Gerber's comments highlight potential vulnerabilities in Tesla's technology.
Meanwhile, Uber's CEO Dara Khosrowshahi has discussed the competitive robotaxi market, noting Uber's strategic positioning through partnerships with companies like Waymo. This dynamic market is further complicated by Uber's shift from developing autonomous vehicles to leveraging its ridesharing network, creating a strong competitive edge.
Gerber's recent critique of Google's business model, adds another layer to the discussion, as he warns of threats from AI search competitors like ChatGPT and Perplexity AI. This highlights the rapidly evolving landscape of technology and its impact on established giants.
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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
Ross Gerber, CEO of Gerber Kawasaki Wealth and a prominent investor in Tesla Inc. (NASDAQ:TSLA), recently shared his thoughts on X regarding the competitive landscape in autonomous driving, specifically highlighting Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google's Waymo.
特斯拉股票的顯着投資者之一,Gerber Kawasaki Wealth的首席執行官Ross Gerber最近分享了他對自動駕駛競爭格局的看法,特別是強調了納斯達克上的特斯拉股票和Alphabet Inc. (納斯達克股票代碼GOOGL)(納斯達克股票代碼GOOG)子公司谷歌旗下的Waymo。
What Happened: He stated, "Google has the money and resources to scale globally. Costs will come down and their system will have several revenue sources. Like ads."
他表示:"谷歌擁有資金和資源,可以全球擴張。成本將會降低,他們的系統將有多個營收來源,比如廣告。"
Gerber's remarks come in light of Waymo's recent expansion into Los Angeles, where they have increased their robotaxi service area significantly.
Gerber的言論是針對Waymo最近進軍洛杉磯的,他們在那裏大幅增加了他們的無人出租車服務區域。
He noted, "A Waymo came up to us yesterday... they are everywhere in West LA. Wasn't sure why it was there. Then a girl came out. Professed her love for Waymo and took off. Robotaxi has been solved by Google. It works. Game over." This anecdote underscores the growing presence and acceptance of Waymo's autonomous vehicles in urban settings.
Why It Matters: This critique comes amid a broader conversation about the competitive landscape of autonomous driving. Recently, Waymo's co-founder expressed optimism about Tesla's self-driving vision, citing its extensive data collection as a key advantage. In contrast, Gerber's comments highlight potential vulnerabilities in Tesla's technology.
Meanwhile, Uber's CEO Dara Khosrowshahi has discussed the competitive robotaxi market, noting Uber's strategic positioning through partnerships with companies like Waymo. This dynamic market is further complicated by Uber's shift from developing autonomous vehicles to leveraging its ridesharing network, creating a strong competitive edge.
Gerber's recent critique of Google's business model, adds another layer to the discussion, as he warns of threats from AI search competitors like ChatGPT and Perplexity AI. This highlights the rapidly evolving landscape of technology and its impact on established giants.