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Waymo Claims to have Doubled its Robotaxi Trips in Five Months, Reaching 10 Million

Waymo, the autonomous ride-hailing business owned by Alphabet Inc. (NASDAQ:GOOGL), accomplished 10 million paid robotaxi trips, co-CEO Tekedra Mawakana revealed at the Google I/O developer conference on Tuesday, May 20, 2025. The significant achievement doubles the total number of trips in just five months and includes rides in Austin, Los Angeles, San Francisco, and the Phoenix area.

Mawakana stated:

“These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives,”

A user’s hands typing a search query into a Google Search box, emphasizing the company’s search capabilities.

According to Alphabet Inc. (NASDAQ:GOOGL)’s April earnings report, Waymo is currently providing more than 250,000 paid rides every week. This week, the company also got regulatory authority to extend its services to San Jose and other parts of the San Francisco Bay Area.

The “Other Bets” division of Alphabet Inc. (NASDAQ:GOOGL), which includes Waymo, reported $450 million in revenue in the first quarter of 2025, a 9% year-over-year drop, while operating losses grew to $1.23 billion from $1.02 billion. “We’re proving out that it can be a profitable business,” Mawakana added, even though Waymo is not yet profitable. The company is super focused on building a sustainable business.

Waymo prioritizes safety over rival Tesla’s planned robotaxi launch. Elon Musk, the CEO of Tesla, announced that the service will debut in Austin the following month with a fleet of ten vehicles. Tesla aims to quickly expand to San Francisco and Los Angeles if it is successful. Unlike Waymo, Tesla’s system is reliant on cameras rather than lidar or radar.

“There’s probably a lot of ways it can be done, but we’re the only ones that have done it,” she said. “We’ve been doing it 24 hours a day for almost five years. And so to us, it’s really important to focus on safety, not focus on safety and then cost — not cost and then safety.”

While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT:  Nike Restructures the Technology Division, Laying Off Some Employees and Alphabet’s Waymo has Secured Approval to Expand its Driverless Ride-Hailing Service to San Jose.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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We alerted our subscribers, and BTI returned 90% in just 16 months.

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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