tag:blogger.com,1999:blog-17198478223808981842024-03-14T01:44:22.595-07:00Telling Tech TalesDavid Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.comBlogger1402125tag:blogger.com,1999:blog-1719847822380898184.post-88859124942326007432024-02-23T02:47:00.000-08:002024-02-23T03:01:07.517-08:00Nvidia Heralds Advent of AI Factories<p>Chip designer and software provider Nvidia reported a 126% increase in revenue for the year ending January 28th to 60.9 billion US dollars. Data centre revenue for the fiscal 2024 year was 47.5 billion dollars, more than tripling from the prior year. "The world has reached the tipping point of new computing era," Nvidia said. "The 1 trillion dollar installed base of data centre infrastructure is rapidly transitioning from general purpose to accelerated computing. ...At the same time, companies have started to build the next generation of modern data centres, what we refer to as AI factories, purpose built to refine raw data and produce valuable intelligence in the era of generative AI." </p><p>In the fourth quarter, data centre revenue was up 409% year-over-year, driven by the NVIDIA Hopper GPU computing platform, along with InfiniBand end-to-end networking, the company added.</p><p>Nvidia said the supply of Hopper architecture products is improving, but it expects its next-generation products to be "supply constrained" as demand far exceeds supply. Fourth quarter data centre growth was driven by both training and inference of generative AI and large language models across a broad set of industries, use cases and regions, Nvidia noted. <b>Source: <a href="https://investor.nvidia.com/financial-info/financial-reports/">Nvidia collateral</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-81841924470551520012024-02-03T04:14:00.000-08:002024-02-09T04:43:13.084-08:00Apple Points to New Growth Opportunities<p>Apple said it is now serving an installed base of more than 2.2 billion active devices. For the quarter ending December 30, 2023, it reported services revenue of 23 billion US dollars, up 11% year-over-year, despite there being one less week in the quarter. Apple said it achieved all-time revenue records across advertising, cloud services, payment services and video, as well as December quarter records in App Store and AppleCare. </p><p>Apple also said its paid subscriptions, which now number more than one billion, showed strong double-digit growth in the quarter.</p><p>Speaking the day before the launch of it new Vision Pro headset, Tim Cook, CEO of Apple, said: "We are incredibly excited about the enterprise opportunities with Vision Pro.... Walmart has a very cool merchandising app. There are firms that are doing collaboration -- design collaboration apps. There are field service applications. Really all over the map, there are applications that are for control centre, command centre kind of things. SAP has really gotten behind it and, of course, SAP is in so many of companies." <b>Source: <span style="color: #2b00fe;">Apple earnings call <a href="https://seekingalpha.com/article/4666956-apple-inc-aapl-q1-2024-earnings-call-transcript">transcript</a> via Seeking Alpha</span></b></p><p><br /></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-30760687940809695802024-02-02T08:57:00.000-08:002024-02-07T09:37:21.152-08:00Amazon Talks Up Gen AI Opportunity<p>Amazon believes demand for generative AI (gen AI) is a major opportunity for its cloud business AWS. It has identified three distinct layers in the gen AI stack, "each of which is gigantic and [in] each of which we're deeply investing."</p><p>At the bottom layer, customers, who are building their own models, run training and inference on specialised chips. Amazon says customers using its AI chips include Anthropic, Airbnb, Hugging Face, Qualtrics, Ricoh and Snap.</p><p>In the middle layer, companies seek to leverage an existing large language model, and customise it with their own data, as a managed service. Amazon said that thousands of customers are already using its new Bedrock proposition in this layer.</p><p>The top layer of the stack is the application layer. Amazon has launched Amazon Q, a gen AI application that is intended to be an expert on AWS, and can write, debug and test code, and can also query customers’ various data repositories and answer questions, summarise the data, conduct a coherent conversation, and take action. <b><span style="color: #2b00fe;">Source: <a href="https://s2.q4cdn.com/299287126/files/doc_financials/2023/q4/Amazon-Q4_2023_Transcript.pdf">Amazon earnings transcript</a></span></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-86856752417231019822024-02-02T06:35:00.000-08:002024-02-07T08:53:39.461-08:00Strong Sales of Meta Smart Glasses<p>The Ray-Ban Meta smart glasses are off to a very strong start, in terms of both sales and engagement, Mark Zuckerberg, CEO of Meta, told financial analysts. "Our partner EssilorLuxottica is already planning on making more than we'd both expected due to high demand. Engagement and retention are also significantly higher than the first version of the glasses. The experience is just a lot better with Meta AI in there, as well as a higher resolution camera, better audio, and more. We also have an exciting roadmap of software improvements ahead, starting with rolling out multimodal AI and then some other really exciting new AI features later in the year."</p><p>Zuckerberg went on to argue that people are going to "want new categories of devices that let you frictionlessly engage with AIs frequently throughout the day without having to take out your phone and press a button and point it at what you want it to see. I think that smart glasses are going to be a compelling form factor for this."</p><p>He admitted that Meta had initially assumed that smart glasses would need to have full displays, support holograms and deliver a sense of presence to become a mainstream product. But "now it seems quite possible that smart glasses that have AI assistants built in will be the killer app, and that the holograms and sense of presence will come later." </p><p>At the same time, Meta reported that its new virtual reality headset, the Quest 3, has got off to "a strong start". Zuckerberg said he expects the Quest 3 to continue to be the most popular mixed reality device (despite the launch of Apple's Vision Pro headset). <b>Source: <a href="https://s21.q4cdn.com/399680738/files/doc_financials/2023/q4/META-Q4-2023-Earnings-Call-Transcript.pdf"><span style="color: #2b00fe;">Meta Q4 earnings call transcript</span></a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-85505596218270299312024-02-01T04:48:00.000-08:002024-02-09T05:23:23.022-08:00Regulations Still Require Remote Monitoring of Driverless Cars<p>Although Baidu has trumpeted “fully driverless vehicles” in China, the Financial Times reported that a visit to the group’s autonomous driving centre in Beijing in June found each robotaxi was remotely monitored by a human sitting in an arcade-like driving station ready to intervene. The monitoring is required by regulators, according to the newspaper, which quoted consultancy Bain as predicting that the current scale of commercial trials means China is tracking towards a “tipping point” of around 2027 for the key technologies to be commercially viable at a large scale. </p><p>Bain expects a similar timeframe for completing the legal framework for liability and insurance and improving the accompanying road and telecoms infrastructure. The Financial Times said the ability of companies to tap into cities’ networks of roadside cameras, traffic lights and other inner-city infrastructure, as well as widespread 5G coverage and digital mapping, is already underpinning industry confidence in China. </p><p>However, a global survey of autonomous vehicle executives by McKinsey found that expectations for commercially-viable robotaxis in the Asia-Pacific region have been extended by a year to 2029 since the previous survey in 2021. (see graphic). </p><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFMiz5V4Tzxyu23kfs2b6SDE6KtiGquRwpD7q9xCd4GbAyHDi5e8IChpIeOQQlROfGHS2r6ArnpGyDEnImys36ZuFjU6qNNz1_Fn_mGZ16fzpHZFXJk6LFH2kT0eQ9Hr8S4W_np_58_i3YAdN8qKjbwxoblOoOz54D0X5PMUTokHYGDTMQ0lGihw6C5dqG/s800/Screenshot%202024-02-09%20at%2013.10.59.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="773" data-original-width="800" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFMiz5V4Tzxyu23kfs2b6SDE6KtiGquRwpD7q9xCd4GbAyHDi5e8IChpIeOQQlROfGHS2r6ArnpGyDEnImys36ZuFjU6qNNz1_Fn_mGZ16fzpHZFXJk6LFH2kT0eQ9Hr8S4W_np_58_i3YAdN8qKjbwxoblOoOz54D0X5PMUTokHYGDTMQ0lGihw6C5dqG/s16000/Screenshot%202024-02-09%20at%2013.10.59.png" /></a></p><p><br /></p><p>The Financial Times reported that Waymo, part of the Alphabet group, refused to provide a specific number for how many people remotely monitor each of its self driving cars, which are being piloted in several US cities. However, the US group stressed that its fully autonomous cars were “responsible for making every driving decision on the road and do not rely on a human driver, either in the car or remotely”. </p><p><b>Sources: Financial Times <a href="https://www.ft.com/content/3a649978-69df-46eb-94c8-eee23a69e6bb">article </a>and McKinsey <a href="https://www.mckinsey.com/features/mckinsey-center-for-future-mobility/our-insights/autonomous-vehicles-moving-forward-perspectives-from-industry-leaders">report</a></b></p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><br /></div>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-59016213329936121172024-01-31T08:02:00.000-08:002024-02-07T08:15:30.647-08:00Alphabet Puts a Spotlight on Subscription Growth<p>Alphabet generated 15 billion US dollars from subscriptions in 2023, up fivefold since 2019. It said the growth was driven by demand for YouTube Premium and Music, YouTube TV and Google One.</p><p>Alphabet's 2023 revenues of 307 billion dollars were up 9% versus 2022, with fourth quarter revenues up 13% year-on-year in both reported and constant currency.</p><p>Google Cloud reported a 26% increase in revenues for the fourth quarter to 9.2 billion dollars. It now offers an "AI Hypercomputer" - a supercomputing architecture composed of TPUs (Google’s application-specific integrated circuit for deep learning and machine learning) and GPUs (graphical processing units), AI software and multi-slice and multi-host technology. Anthropic, Character.ai, Essential AI, and Mistral AI are among the companies building and serving AI models on the architecture. <b>Source: <a href="https://abc.xyz/assets/8c/66/b8f7cda34ca5bd79588ec685b825/2023-q4-earnings-transcript.pdf"><span style="color: #2b00fe;">Alphabet earnings transcript</span></a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-73262974205384677292024-01-25T07:21:00.000-08:002024-02-07T07:52:57.016-08:00Tesla Anticipates Slower Growth in 2024<p>Tesla warned that its "vehicle volume growth rate" may be notably lower in 2024 than in 2023, as it works on the launch of a "next-generation vehicle" at its Gigafactory Texas. Tesla said the growth rate of deployments and revenue in its energy storage business should outpace the automotive business in 2024.</p><p>In 2023, Tesla delivered 1.8 million vehicles, 38% more than in 2022, including more than 1.2 million Model Ys, making it the best-selling vehicle, of any kind, globally. Energy storage deployments reached 14.7 GWh in 2023, more than double those in 2022.</p><p>In late December, Tesla started rolling out version 12 of its FSD (full self driving) Beta system, which is trained on data collected from more than a million vehicles. The company says the system uses AI to "influence vehicle controls (steering wheel, pedals, indicators, etc.) instead of hard-coding every driving behaviour." It also demonstrated the 2nd generation of its general purpose Optimus humanoid robot, which uses Tesla-designed actuators and sensors and improved AI capabilities. <b>Source: <a href="https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q4-2023-Update.pdf">Tesla statement</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-17654979634427224862023-05-17T05:17:00.003-07:002023-06-20T08:41:39.209-07:00Apollo Go Ramps Up Rides Threefold<p>Apollo Go, Baidu’s autonomous ride-hailing service, provided about 660,000 rides in the first quarter of 2023, up 236% year-on-year and 18% quarter-on-quarter. That implies Apollo Go is now providing more than 55,000 rides a week, compared with 10,000 for Waymo, which is owned by Alphabet.</p><p>On March 17th, Apollo Go received Beijing's first permits to operate ride-hailing services with no driver or safety operator in the vehicles. Apollo Go is now allowed to provide fully driverless ride-hailing service in the Yizhuang region of Beijing. As a result, Apollo Go is now providing fully driverless services in three cities: Beijing, Wuhan, and Chongqing. </p><p>In Wuhan, where Apollo Go first received the permits to provide such services on public roads in August 2022, it now has more than 135 driverless vehicles, and more than one-third of the paid rides Apollo Go provided were in fully driverless vehicles. </p><p>Apollo Go said the release of the RT6 vehicle (scheduled for the second half of 2023) will help to reduce hardware costs. CNBC has reported that the RT6, which has a detachable steering wheel, costs 250,000 yuan (about 37,300 US dollars) to produce. <b>Source: <a href="https://ir.baidu.com/news-releases/news-release-details/baidu-announces-first-quarter-2023-results#:~:text=Net%20income%20attributable%20to%20Baidu,was%20RMB%2015.92%20(%20%242.32%20).">Baidu earnings</a></b></p><p><br /></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-53993419212221651752023-05-16T08:45:00.004-07:002023-06-08T08:49:36.017-07:00Vodafone Loses Customers in Europe<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAvBU8FuPcJZyBMflc-8R_cEWHKrTR7JqmrsdpaHUn8ROKbQ6flaXLk9DaxHoYgPI-8SVLPQF8W4O6FtAo_WNhFJbn81BpQ4ffFVLnNulxBU5hbvUkePpnaJuagqXT-zAZ-W94T5XRL2V3Pq9iwDluqCOenHEfTRRM2PC4eDhgj_T8AYcK6svoSDjb9g/s850/Screenshot%202023-06-08%20at%2016.41.16.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="516" data-original-width="850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAvBU8FuPcJZyBMflc-8R_cEWHKrTR7JqmrsdpaHUn8ROKbQ6flaXLk9DaxHoYgPI-8SVLPQF8W4O6FtAo_WNhFJbn81BpQ4ffFVLnNulxBU5hbvUkePpnaJuagqXT-zAZ-W94T5XRL2V3Pq9iwDluqCOenHEfTRRM2PC4eDhgj_T8AYcK6svoSDjb9g/s16000/Screenshot%202023-06-08%20at%2016.41.16.png" /></a></div><br /><p></p><p>Vodafone reported some significant customer losses for the year to March 31, 2023, as it shed mobile contract, broadband and TV contracts in Europe. However, IoT connections continued to ruse, as did usage of the M-Pesa financial services proposition in Africa. <b>Source: <a href="https://investors.vodafone.com/sites/vodafone-ir/files/2023-05/Vodafone-FY23-Results-Announcement.pdf">Vodafone's results</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-9702448783579382962023-05-12T04:44:00.005-07:002023-06-05T05:48:47.072-07:00Telefónica Talks Up Tech Expertise<p>Telefónica reported a 4.9% year-on-year increase in revenue for the first quarter of 2023 on an organic basis, as it fibre-to-the-home connections rose 16% to 14.8 million.</p><p>Telefónica said it now has a 5G standalone network in Brazil and plans to launch 5G standalone in UK, Germany and Spain during 2023. It also plans to commercially launch static network slicing in 2023 for business customers in its main markets, while preparing to make network APIs commercially available in line with the GSMA's Open Gateway Project.</p><p>In the first quarter, Telefónica's Tech division increased its revenues 27% on a like-for-like basis. The division, which now employs more than 6,000 professional IT staff, recorded revenue of 429 million euros for the quarter. It is piloting an AWS Wavelength Zone at the edge of its network in Madrid, which businesses can use to test applications that require low latency access to AWS compute and storage services. </p><p>In Brazil, Telefónica's Vivo unit now has more than two million subscribers for its OTT video service. It also offers Vivo Money and Insurance, as well as health and e-learning services. <b>Source: Telefónica <a href="https://www.telefonica.com/en/shareholders-investors/financial-reports/quarterly-reports/2023/?t=tab-january---march">collateral</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-21008282150074656162023-05-12T03:59:00.004-07:002023-06-05T10:27:32.204-07:00Deutsche Telekom Drives FTTH Uptake<p>Deutsche Telekom reported a 0.5% fall in group revenues on an organic basis for the first quarter of 2023, as equipment sales in the US declined 20% year-on-year. Group service revenue was up 2.6% on an organic basis. </p><p>DT ascribes its growth to "its network leadership". Its FTTH (fibre-to-the-home) network now passes almost 14 million European homes, up by 3.1 million households year-on-year. In Germany, DT claims to cover 95% of the population with 5G, up from 92% a year earlier. </p><p>As the group expands its FTTH footprint in Germany to cover 10 million homes, DT is still targeting an average capex cost of 1,000 euros per home passed, despite inflation.</p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijdYWQaoIt05j4yFVPvx8JRFmE4gj3huEflFP5XlroenfWLrMO1zNWxluWEq2SgTPQbDB3lbhFL2d_W93xrax8Tm7_W2lkN_h7u9XdRFVe0x95TKhzC7YG12ho9-oFnzLG9H6hX2fQHtqDAdwC4E1CQmrsE5PYaNGBXjEUERNgThmGQh8q8B4eX1dvgQ/s800/Screenshot%202023-06-02%20at%2012.29.40.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="395" data-original-width="800" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijdYWQaoIt05j4yFVPvx8JRFmE4gj3huEflFP5XlroenfWLrMO1zNWxluWEq2SgTPQbDB3lbhFL2d_W93xrax8Tm7_W2lkN_h7u9XdRFVe0x95TKhzC7YG12ho9-oFnzLG9H6hX2fQHtqDAdwC4E1CQmrsE5PYaNGBXjEUERNgThmGQh8q8B4eX1dvgQ/s16000/Screenshot%202023-06-02%20at%2012.29.40.png" /></a></div><br /><p>However, only 769,000 of the 5.7 million homes passed by the FTTH network today in Germany are actually FTTH customers. That represents a penetration of about 13.5%.</p><p>Timotheus Hottges, CEO of DT, said that the group has to drive that penetration figure up to the "high 30s" in 2024 (presumably for new homes passed). "We have to find a way that we can shut down our copper network," he added. "We are working on this with the regulator. And the moment where we can migrate all our customers into the FTTH network, that would definitely help us from the utilisation amortisation big time as well from the energy costs and other things. This would be the game changer for us. But it's too early to speculate when that is taking place. But we are discussing and ran some pilots here in Germany how this migration can take place."</p><p>DT is also looking to increase its TV subscribers in Germany by about 50% to 6 million, having bought the European Championship rights for 2024 for Germany exclusively. Christian Illek, the CFO, described TV as a very profitable business. <b>Source: <a href="https://www.telekom.com/en/investor-relations/publications/financial-results/financial-results-2023#1034596"><span style="color: #2b00fe;">DT collateral</span></a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-42748327942565346602023-05-10T06:48:00.016-07:002023-06-28T04:30:14.783-07:00MTN Reports Rises in Digital and Fintech Revenue<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvBeEVvEag11AR87vRJ-Bl8zCdX7QPnn2DcsXvIkyHokQyegFJDgPrVuAus5Mq_X-HvJ4QSzDTJTQQkJQdqx_Mfh41dXRIdpyMuMG4LVHcDjb_A0kcPAdA5vksldUSFvwr8d0fr_9LK8QSMR2pI7j9N2OXry9dRtC5ypF4FUH_XwpJABQ6sb345m2tvIcR/s850/Screenshot%202023-06-20%20at%2015.07.11.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="490" data-original-width="850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvBeEVvEag11AR87vRJ-Bl8zCdX7QPnn2DcsXvIkyHokQyegFJDgPrVuAus5Mq_X-HvJ4QSzDTJTQQkJQdqx_Mfh41dXRIdpyMuMG4LVHcDjb_A0kcPAdA5vksldUSFvwr8d0fr_9LK8QSMR2pI7j9N2OXry9dRtC5ypF4FUH_XwpJABQ6sb345m2tvIcR/s16000/Screenshot%202023-06-20%20at%2015.07.11.png" /></a></div><br /><p></p><p>MTN said its instant messaging platform ayoba now has 25 million monthly active users, about four years after it was first launched. That is up from 20 million monthly active users in December 2022. MTN said ayoba's key territories are Nigeria, Cameroon, South Africa, Ghana, Côte d’Ivoire, Uganda and The Republic of Congo.</p><p>MTN reported a 15% increase in group service revenue (on a constant currency basis) for the first quarter of 2023 to 52.8 South African rand (2.9 billion US dollars). Data revenue rose 28% and fintech (mobile money, insurance, airtime lending and e-commerce) revenue by 18%. MTN said active mobile money users climbed 5% to 61.7 million, while data traffic increased by 19.3% to 3,221 PB. Fintech transaction volumes increased by 39% to 4.1 billion, with transaction value up by 65% to 65.7 billion US dollars.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9bXy49ioGUOQDe_kFokugBe5PBiPLQ_umKigCy0HRDrjEj7hqlxb_VspCLweQLdIHLRF5rv3Hp83L8XKCbXuanx7Wtii8Ir-36PYQTbk7z7jskJePEUXBWTKjS3H20bBXzld4jfCJZNTQGpNQPSFsNp-BfkxX46mpSjY0qSXm_IuL-mgqgpaY9b_csF7c/s850/Screenshot%202023-06-28%20at%2012.27.45.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="428" data-original-width="850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9bXy49ioGUOQDe_kFokugBe5PBiPLQ_umKigCy0HRDrjEj7hqlxb_VspCLweQLdIHLRF5rv3Hp83L8XKCbXuanx7Wtii8Ir-36PYQTbk7z7jskJePEUXBWTKjS3H20bBXzld4jfCJZNTQGpNQPSFsNp-BfkxX46mpSjY0qSXm_IuL-mgqgpaY9b_csF7c/s16000/Screenshot%202023-06-28%20at%2012.27.45.png" /></a></div><br /><p>MTN said it suffered 90 days of load-shedding (power cuts) during the first quarter in South Africa, compared to 14 in the same quarter of 2022, which heavily disrupted network availability. In this context, MTN SA "achieved relatively resilient service revenue growth of 1.3%, with voice (down 16%) being the key drag on overall performance." In response, MTN SA teams upgraded additional cell sites with batteries and started piloting solar solutions on a limited number of sites, as well as deploying additional security solutions where there is high risk of theft or vandalism. </p><p>In Nigeria, digital revenue grew by 43%, as the active user base rose by 58% to 11.7 million, led by ayoba, which added over 1.5 million users and ended the quarter with approximately 6.7 million active users. </p><p>MTN said the Iran Internet Group, of which it owns 29.5%, continued its strong performance in 2023, with ride-hailing app Snapp ranking among the top ride-hailing apps globally and reaching 4.3 million daily rides. Last-mile delivery service Snappbox generated almost 350,000 daily orders, while food delivery app Snappfood grew revenue by 77%. Within Middle East Internet Holding (MTN owns 50%), ride-hailing service Jeeny continued its strong growth with almost 10,000 daily rides, MTN added. <b>Source: <a href="https://www.mtn.com/wp-content/uploads/2023/05/MTN-Group-Q1-23-results-final-JSE.pdf">MTN report</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-81631377468749925862023-05-10T05:59:00.005-07:002023-06-21T06:08:38.348-07:00Demand for TV Drives Growth for SK Telecom <p>SK Telecom reported a 2.2% year-on-year rise in revenue to 4.4 trillion Korean won (3.4 billion US dollars) for the first quarter of 2023. It attributed the rise to 5G and pay TV subscriber growth and revenue growth in its B2B businesses, particularly its data centre business.</p><p>SK Broadband claimed to have achieved the highest net additions of IPTV and broadband subscribers in the market. At the end of the first quarter, SK Broadband’s pay TV subscribers and broadband subscribers stood at 9.4 million and 6.76 million, respectively, up from 9.1 million and 6.61 million a year earlier. <b>Source: <a href="https://www.sktelecom.com/img/eng/qua/20230510/PressRelease1Q23Eng.pdf">SK Telecom statement </a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-90543120092608224322023-05-04T09:34:00.001-07:002023-05-05T01:00:08.427-07:00Waymo Providing 10,000 Trips Per Week<p>Waymo, the self-driving ride-hailing company owned by Alphabet, said it is now providing more than 10,000 trips per week to public riders, not including employees. Announcing a major expansion to its service areas in Phoenix and San Francisco, Waymo said it intends "for those numbers to accelerate rapidly to 10 times that scale by next summer." That would imply 100,000 trips a week, suggesting Waymo could begin to start generating significant revenue in 2024.</p><p>Waymo says more than 150 million people use ride-hail services in the U.S. However, the company has yet to receive a permit to charge for its services in San Francisco.</p><p>Waymo is also now allowing up to four passengers in its vehicles, while looking to expand its operations in Los Angeles. Source: <b>Waymo <a href="https://blog.waymo.com/2023/05/waymo-one-doubles-service-area-in.html">blog post</a></b></p><p>My new report plotting a roadmap for connected cars for this decade is available from or STL Partners <a href="https://stlpartners.com/research/connected-car-from-mobile-broadband-to-genuine-v2x/">here</a>.</p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-44852241962145023162023-05-04T02:49:00.002-07:002023-06-12T04:40:55.340-07:00Uber Points to the Power of the Platform<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPt5YqGz2E4l_CTN0T7_qvS9zM5v4AhJtT2NgwtLHuu8bRwAVLtuOQkpYlqYrgK6PpIBBsunEj1qUobYln6PvhPcG-V3GHtU2cyJ9d_nM6DUXR-37J12ls5cQ2QxqVST-leUR9ajoJ5LpBnUU9D-qQVIOtKUM4GRqr-2WBzhC1XmZZh3iCb2xWTRkEFw/s850/Screenshot%202023-06-12%20at%2010.52.21.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="379" data-original-width="850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPt5YqGz2E4l_CTN0T7_qvS9zM5v4AhJtT2NgwtLHuu8bRwAVLtuOQkpYlqYrgK6PpIBBsunEj1qUobYln6PvhPcG-V3GHtU2cyJ9d_nM6DUXR-37J12ls5cQ2QxqVST-leUR9ajoJ5LpBnUU9D-qQVIOtKUM4GRqr-2WBzhC1XmZZh3iCb2xWTRkEFw/s16000/Screenshot%202023-06-12%20at%2010.52.21.png" /></a></div><br />Uber expects its gross bookings to rise between 18% and 22% in the second quarter of 2023 to between 33 billion and 34 billion US dollars, excluding freight and on a constant-currency basis. Including freight, it expects gross bookings to rise 15% to 19% on a constant-currency basis.<p></p><p>In the first quarter, Uber saw constant-currency gross bookings up 22% year-on-year, with revenue rising 33% on a constant currency basis to 8.8 billion US dollars, fuelled by a change in the business model for its UK mobility business. </p><p>Dara Khosrowshahi, CEO of Uber, talked up the economies of scope between the delivery business and the mobility business. He said: "The audience that we have on the mobility business is the largest audience in the world in terms of any of our mobility competitors....And we're the only ... scale players who are upselling from mobility to delivery, and then vice versa. </p><p>"We have a source of low-cost traffic, significantly low-cost traffic. Our mobility business sends us more customers than we get from Facebook and Google and Snap and all of these different platforms combined. And that's just a structural advantage that we have against the overall market, certainly, against the competitors.</p><p>"Advertisers are up 70% year on year using our platform. And you get some pretty powerful economic drivers that's allowing us to deliver the kinds of bottom line that you saw on our delivery business, which is well ahead of estimates, while getting category position in nine of our top 10 markets on a global basis."</p><p>In its delivery business, Uber has entered into new partnerships to support a shift to electric modes of transport, including working with Gachaco to provide rapid battery replacement for three-wheelers in Japan; Lumala to improve e-cycle availability for Uber Eats couriers in Sri Lanka; and HumanForest to give Uber Eats couriers full access to its e-bike and e-moped fleet in London. </p><p>It has also entered into a multi-market commercial partnership with Tembici, a leader in micromobility across Latin America, to make bikes and electric bikes available directly in the Uber app. <b>Source: <a href="https://investor.uber.com/financials/default.aspx">Uber earnings collateral</a></b></p><p><br /></p><p><br /></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-78224074167246933522023-04-26T03:20:00.009-07:002023-06-09T03:28:01.225-07:00Verizon Cites Strong Demand for FWA<p>Verizon Communications added 393,000 fixed wireless connections in the first quarter of 2023, up from 379,000 in the prior quarter.</p><p>Hans Vestberg, CEO of Verizon, told investors that broadband is a major growth area for the company across the consumer and business segments. "We achieved the highest net adds in over 10 years, adding 437,000 total net adds within the quarter, including 67,000 net adds from Fios (fibre-to-the-building). We are very pleased with the Fios performance with net adds up 12% year-over-year. For fixed wireless access (FWA), we're seeing growth quarter after quarter after quarter with 1.9 million subscribers at the end of the first quarter, fixed wireless continues to scale and contribute increasingly to our revenue performance.</p><p>"Our business customers are increasingly turning to fixed wireless access as their primary source of broadband connectivity. Won over by the reliability and the overall value of the product. In addition to taking share from our competitors, we're also seeing new use cases across all of our customer groups leveraging the flexibility of the product to expand beyond what traditional wired broadband can do." <b>Source: <a href="https://www.verizon.com/about/investors/quarterly-earnings">Verizon earnings transcript</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-15356923344201024262023-04-26T02:40:00.006-07:002023-06-09T02:48:09.917-07:00Google's Advertising Business Feels the Heat<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCm9allVs5VxfcA97CXrVBUMVAktagLGbEiwLoMH-uN6bpYq0w2WgX1rJhw7bdblOP4tUy73tDCcGS2_N8FsRKsA4DENDxDOwRU13E87H__Ifh1QHc_8bbqAPQNX0DPMUNYq0fLzqr07tNGgehLUU1SY38QO9iz7LgaH_nbPyRp6HDNf23aGHlsChnIA/s850/Screenshot%202023-06-09%20at%2010.39.53.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="408" data-original-width="850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCm9allVs5VxfcA97CXrVBUMVAktagLGbEiwLoMH-uN6bpYq0w2WgX1rJhw7bdblOP4tUy73tDCcGS2_N8FsRKsA4DENDxDOwRU13E87H__Ifh1QHc_8bbqAPQNX0DPMUNYq0fLzqr07tNGgehLUU1SY38QO9iz7LgaH_nbPyRp6HDNf23aGHlsChnIA/s16000/Screenshot%202023-06-09%20at%2010.39.53.png" /></a></div><br />Alphabet, Google's parent company, said its revenues rose 6% year-on-year on a constant currency basis in the first quarter of 2023 to 69.8 billion US dollars. Strong growth in its cloud business offset declines in Google Network advertising and YouTube ad revenues. The Google Network, which includes revenues generated on Google Network properties participating in AdMob, AdSense, and Google Ad Manager, had a particularly weak quarter with revenues declining more than 8% <b>source: <a href="https://abc.xyz/investor/static/pdf/2023Q1_alphabet_earnings_release.pdf?cache=0924ccf">Alphabet statement</a></b><p></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-78008048538230669132023-04-22T06:32:00.007-07:002023-06-08T08:57:33.842-07:00China Mobile's ARPU Under Pressure<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvFwKfMkl11ldazjaJflJpqYf01hdpFmoO6cuJuuWlQ9zAN8pZtmvEbDvQyHokf68ZEObkB4oNnta6EnQSdfXsJg2MpcD46cGtt34_7wd_fFdDpoiGM2MDXhDfDGbxEExp20vYjeZLtN6E-ymnCLuXVShe7_t-beF7wQUmceyCoYg3XYaS1_TH4T8YsA/s850/Presentation3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="398" data-original-width="850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvFwKfMkl11ldazjaJflJpqYf01hdpFmoO6cuJuuWlQ9zAN8pZtmvEbDvQyHokf68ZEObkB4oNnta6EnQSdfXsJg2MpcD46cGtt34_7wd_fFdDpoiGM2MDXhDfDGbxEExp20vYjeZLtN6E-ymnCLuXVShe7_t-beF7wQUmceyCoYg3XYaS1_TH4T8YsA/s16000/Presentation3.png" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div>China Mobile reported a 10% year-on-year rise in revenue for the first quarter of 2023 to 250.7 billion yuan (35 billion US dollars), but mobile ARPU rose only slightly and wireline ARPU fell. <b>Source: <a href="https://www.chinamobileltd.com/en/file/view.php?id=280905">China Mobile results</a></b>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-32964062384853448522023-04-03T07:19:00.002-07:002023-04-05T08:19:45.084-07:00Signs of Slowdown for Tesla<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRUto0X1fbi4XZTZLrgGJZIa_5FzFJ-_VNpVe-rja4rwDKCXa08TFzLUXVsN6T0JeLRuAW7irOZzZqHRsoJlyNUSEEIQNPgS0ml7H69ETQ3_is7N7CMCuV6I_qxDVe3mDkofvSc9-s32pBA7DWo80vCXOZhyNQKkhUYEUhXAQpnUWHuYYFut5NfoCDAA/s827/Screenshot%202023-04-05%20at%2016.18.24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="827" data-original-width="800" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRUto0X1fbi4XZTZLrgGJZIa_5FzFJ-_VNpVe-rja4rwDKCXa08TFzLUXVsN6T0JeLRuAW7irOZzZqHRsoJlyNUSEEIQNPgS0ml7H69ETQ3_is7N7CMCuV6I_qxDVe3mDkofvSc9-s32pBA7DWo80vCXOZhyNQKkhUYEUhXAQpnUWHuYYFut5NfoCDAA/s16000/Screenshot%202023-04-05%20at%2016.18.24.png" /></a></div><p><br /></p><p>Tesla reported that it produced 440,000 vehicles and delivered 422,000 vehicles in the first quarter of 2023. In the fourth quarter of 2022, it produced 439,000 vehicles and delivered 405,000 vehicles. That represents a marked slowdown from 2022, when vehicle deliveries grew 40% to 1.31 million.</p><p>In 2022, total revenue grew 51% year-on-year to 81.5 billion US dollars. Tesla said in January that it had released its Full Self Driving beta software to the 400,000 customers who had bought it. Tesla is hopeful that the successful deployment of self-driving systems will dramatically increase the value of its vehicles to buyers.</p><p>There are also signs that the energy storage business is beginning to come of age - deployments increased by 152% year-on-year, for a total deployment of 6.5 GWh in 2022. Tesla said demand for its storage products remains in excess of its ability to supply. It is ramping up production at its dedicated 40 GWh Megapack factory in Lathrop, California.</p><p>The solar panel capacity installed by Tesla in 2022 increased by just 1% to 348 MW. </p><p><b>Sources: <a href="https://ir.tesla.com/#quarterly-disclosure"><span style="color: #2b00fe;">Tesla collateral</span></a></b></p><p><br /></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-29366077405003422852023-03-01T09:57:00.005-08:002023-04-05T10:05:22.597-07:00Waymo Passes One Million Milestone<p>Waymo, Alphabet's self-driving car unit, said it has exceeded one million miles on public roads with no human behind the wheel. Waymo said these miles were driven across multiple U.S. cities, including the densest parts of San Francisco and Phoenix, where it is now serving riders around the clock. </p><p>During these first one million miles, Waymo said there were no reported injuries, and only two collisions that met the criteria for inclusion in NHTSA’s database for car crashes, called Crash Investigation Sampling System. In the more severe of the two collisions, a Waymo vehicle was hit from behind by another car whose driver was looking at their cell phone while approaching a red light.</p><p>Waymo said none of the collisions or contact events happened at intersections, where most injury-causing and fatal collisions usually take place, nor involved vulnerable road users such as pedestrians and cyclists.</p><p>"The results we’ve shared today, in combination with our previously reported data, fatal crash reconstruction, and collision avoidance testing studies, underscore the Waymo Driver’s ability to reduce injuries and fatalities on the road," Waymo said. <b>Source: <a href="https://blog.waymo.com/2023/02/first-million-rider-only-miles-how.html">Waymo statement</a></b></p><p>.</p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-47805222980005861882023-02-24T09:47:00.003-08:002023-04-05T10:06:25.020-07:00Telefónica Sees Steady Growth Ahead<p>Telefónica forecast it will achieve low single digit revenue organic growth in 2023, after reporting organic revenue growth of 4% for 2022. Its total revenue, including its 50% share in the Virgin Media O2 joint venture, in 2022 was almost 46 billion euros. <b>Source: <a href="https://www.telefonica.com/en/shareholders-investors/financial-reports/quarterly-reports/2022/?t=tab-january---december">Telefónica collateral</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-4395014260778268722023-02-24T07:46:00.003-08:002023-04-05T07:54:06.278-07:00Deutsche Telekom Shrugs Off Unsteady Conditions<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_xWFxAdM-Ix8SYuc-7o8xHCwHOpgayCgOYVco6uReVryQCKc-KTi-5e9jp8tdU5kxPjfC3NJxf7caU9nwY4fbw8lsE3l-aOpmmU3bcg2Ba9vPKoqzkyJnJpquzjbxEZdyV-4fieztEiqujzszX2-k6INMIQ_H7ePp0xzI7njGeWbO1067lgMJa3IiUQ/s800/Screenshot%202023-04-05%20at%2015.45.33.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="428" data-original-width="800" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_xWFxAdM-Ix8SYuc-7o8xHCwHOpgayCgOYVco6uReVryQCKc-KTi-5e9jp8tdU5kxPjfC3NJxf7caU9nwY4fbw8lsE3l-aOpmmU3bcg2Ba9vPKoqzkyJnJpquzjbxEZdyV-4fieztEiqujzszX2-k6INMIQ_H7ePp0xzI7njGeWbO1067lgMJa3IiUQ/s16000/Screenshot%202023-04-05%20at%2015.45.33.png" /></a></div><br /><p></p><p>Deutsche Telekom reported a 3.7% organic increase in service revenue for 2022 despite "unsteady conditions". Its total revenue climbed 6.1% to 114.4 billion euros, as it continued to add customers on both sides of the Atlantic. <b>Source: <a href="https://www.telekom.com/en/investor-relations/publications/financial-results">Deutsche Telekom statement</a></b></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-59897641998933328562023-02-02T08:40:00.020-08:002023-04-06T08:45:59.366-07:00Vodafone Tripped Up By Europe<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYo1iYAIYultFS-jj8-Qiss_nar5jXjxuvJMZ6orcO2WEcCtNC3ntWo6_R6kASDoPUPAvzykGIbB2zg8zyh5Z1h-iD1AnrYp7KVWzZnLWRYqxlLhYHLB8quCH0vxaRPg0nIb6yE6YTl-LFGcYZxhbe3L8l27099ONAEbQtCVDZ3uBJKIZgnhvSV_OFJA/s800/Screenshot%202023-04-06%20at%2016.40.24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="406" data-original-width="800" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYo1iYAIYultFS-jj8-Qiss_nar5jXjxuvJMZ6orcO2WEcCtNC3ntWo6_R6kASDoPUPAvzykGIbB2zg8zyh5Z1h-iD1AnrYp7KVWzZnLWRYqxlLhYHLB8quCH0vxaRPg0nIb6yE6YTl-LFGcYZxhbe3L8l27099ONAEbQtCVDZ3uBJKIZgnhvSV_OFJA/s16000/Screenshot%202023-04-06%20at%2016.40.24.png" /></a></div><br />Vodafone reported organic service revenue growth of 1.8% in the quarter ending December 31, compared with 2.5% in the previous quarter. It blamed declines in Germany, Italy and Spain, as well as lower roaming growth and "phasing of business revenue" in the previous fiscal year. <b>Source: <a href="https://investors.vodafone.com/reports-information/results-reports-presentations">Vodafone collateral</a></b><p></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-52623478403392897122022-10-27T09:00:00.005-07:002023-05-05T01:01:16.774-07:00Meta Maintains Long-Term Focus<p>Meta, owner of Facebook, reported a 2% rise in revenue (on a constant currency basis) to 27.7 billion US dollars for the third quarter. Meta flagged "weak advertising demand, which we believe continues to be impacted by the uncertain and volatile macroeconomic landscape."</p><p>CEO Mark Zuckerberg described messaging as a "major monetisation opportunity." He said one of Meta's fastest growing products is Click-to-Messaging ads, which let businesses run ads on Facebook and Instagram that start a thread on Messenger, WhatsApp or Instagram Direct so they can communicate with customers directly. The product generates a 9 billion dollar annual run rate. "This revenue is mostly on Click-to-Messenger today since we started there first, but Click-to-WhatsApp just passed a 1.5 billion dollar run rate, growing more than 80% year-over-year."</p><p>Zuckerberg pointed to paid messaging as another opportunity. "We're putting the foundation in place now to scale this with key partnerships like Salesforce, which lets all businesses on their platform use WhatsApp as the main messaging service to answer customer questions, send updates, and sell directly in chat," he added. "We also launched JioMart on WhatsApp in India and it's our first end-to-end shopping experience that shows the potential for chat-based commerce through messaging."</p><p>Mete has just started shipping its new Quest Pro VR headset, which is designed to deliver "high-resolution mixed reality so you can blend virtual objects into the physical environment around you." </p><p>"There are 200 million people who get new PCs every year, mostly for work," Zuckerberg added. "Our goal for the Quest Pro line over the next several years is to enable more and more of these people to get their work done in virtual and mixed reality, eventually even better than they could on PCs....There's still a long road ahead to build the next computing platform, but we are clearly doing leading work here. This is a massive undertaking and it’s often going to take a few versions of each product before they become mainstream. But I think our work is going to be of historic importance and create the foundation for an entirely new way that we will interact with each other and blend technology into our lives." <b>Source: <a href="https://s21.q4cdn.com/399680738/files/doc_financials/2022/q3/Meta-Q3-2022-Earnings-Call-Transcript.pdf">Meta statement</a></b></p><p><br /></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0tag:blogger.com,1999:blog-1719847822380898184.post-23041905729875588072022-10-25T08:36:00.003-07:002022-11-16T09:04:22.672-08:00Alphabet Sees Serious Slowdown<p>Alphabet reported a 11% year-on-year increase (at constant currencies) in consolidated revenues for the third quarter to 69.1 billion US dollars. That's down from 39% a year earlier. </p><p>With growth slowing, Alphabet has "started our work to drive efficiency, by realigning resources to invest in our biggest growth opportunities. Over the past quarter, we’ve made several shifts away from lower priority efforts to fuel higher growth priorities," said Sundar Pichai, CEO of Alphabet and Google. "Over a decade ago, focusing the company’s efforts on mobile helped us to build and grow our business for the shift to mobile computing. We’re at a similar point now with AI, another transformational technology. Our investments in AI and deep computer science mean that we can deliver a wide range of breakthroughs across our products and services, to help people, businesses, and communities."</p><p>In October, Alphabet's unit Waymo announced Los Angeles will be the next city to be served by its ride-hailing service, joining Phoenix and San Francisco. "We’ll begin driving autonomously in several central districts over the coming months as we prepare to serve Angelenos," the company said. "We’ll deploy a round-the-clock service that provides more accessible and dependable mobility options to all residents of LA." Waymo said Los Angeles represents a market opportunity of 2 billion dollars in 2022. </p><p>"Waymo remains the only company operating a fully autonomous, commercial ride-hailing service for passengers round the clock in Phoenix’s East Valley – no NDAs, remote operators or pre-defined pick-ups." it added. "We’re the first and only company in the world providing autonomous ride-hail trips to and from an airport (Phoenix’s Sky Harbor), and we drive more fully autonomous miles in the U.S. than any other company." <b>Source: Alphabet and Waymo <a href="https://abc.xyz/investor/">statements</a>.</b></p><p><br /></p>David Pringlehttp://www.blogger.com/profile/07657941720832548814noreply@blogger.com0