Aug 6 (Reuters) - Alphabet's Waymo is
expanding its autonomous ride-hailing service areas in San
Francisco and Los Angeles to cater to growing demand from
customers, the company said on Tuesday.
The announcement comes as rivals such as General Motors ( GM )
and Amazon.com's ( AMZN ) Zoox are investing heavily in
driverless cars to drive commercial success, even as regulatory
scrutiny remains tight.
Waymo One service areas will extend to the San Francisco
Peninsula to add Daly City, Broadmoor and Colma. In Los Angeles,
the service will include Marina del Rey, Mar Vista, Playa Vista
and parts of Hollywood, Chinatown and Westwood.
Alphabet has planned a $5 billion investment in Waymo over a
multi-year period, finance chief Ruth Porat said last month, as
the company looks to boost its self-driving unit's expansion
plans.
Waymo put an end to waiting lists in San Francisco last
month and opened up its Waymo One service to everyone, about
four years after a similar move in Phoenix, Arizona.
Several tech companies are betting big on the future of
autonomous driving systems amid concerns about growing
investments in the nascent technology, which is expensive and
can take years before generating significant revenue.
Uber ( UBER ) said on Tuesday trips by self-driving vehicles
on its platform were six times higher in the second quarter,
helped by partnerships with companies including Waymo for
ride-sharing and food delivery.
Tesla CEO Elon Musk has also been focusing on
artificial intelligence, autonomous driving software, robotaxis
and a humanoid robot named Optimus to combat a slowdown in EV
sales, which generate about 78% of the automaker's quarterly
revenue.