00:00Is this a big feat? This is definitely a significant development. It's another major
00:07player in the autonomous vehicle space and it shows more confidence in the technology but it's
00:11still pretty limited and it's definitely an experiment. It's an experiment. Regina I'm just
00:18going to jump in. People on the Tesla side of the camp say this is a notable moment because it's a
00:25first for a vision only based platform to be on public roads not just with no one in the driver's
00:30seat but no supervising attendant in the passenger seat either. People would also note that there were
00:36other restrictions on social media for example there were support vehicles from Tesla it is
00:41alleged and claimed. That said the vision only part the distinction that Tesla system relies only on
00:47cameras whereas Waymo has a multi-sensor suite. Your interpretation of why that's significant?
00:52Well I think there are a couple of companies including Zoox and Tesla that are really
00:58designing vehicles that are intended to be purpose-built for autonomous driving and for
01:05autonomous ride hailing. So it is a significant development and I think at the end of the day
01:11what's great is that there are multiple players that are entering the market which ultimately for
01:16cities is a good thing because it makes the regulatory landscape easier for them to manage.
01:20Regulatory landscape has not held back other competitors to this point and when you think
01:27about a few a handful of Teslas on the road and you compare that to a million rides that we're all
01:33having per month already using Waymo and they're aiming it for a million per week how much are we able
01:39to really say that Tesla's winning here or not? I think it's still very early days but the landscape is
01:47moving much more quickly especially over the last three years than you see these new players entering
01:52the market with commercial ride hailing services. But I don't think that you know it's clear that there's
01:58any one winner at this point in time although Waymo is significantly ahead at the moment in terms of
02:04commercial ride hailing. As you mentioned they're estimating to reach a million rides per week by the end of
02:10the year. But it's still anyone's market to win and it's exciting to see more players enter it.
02:17Yeah. In simple terms people define Waymo being ahead by the number of cities it's deployed in without any human
02:23supervision in the car and charging a fare to passengers. I'd love to talk about the human side of this though.
02:28Right. In your research at a number of academic institutions over the years do we have the evidence yet that the general
02:34population feels ready to jump in a robo taxi as their sort of chosen method of transport.
02:42I think that in San Francisco there's a lot of data to suggest that consumers do really feel comfortable
02:51utilizing Waymo and certain segments of customers preferring Waymo and even being willing to pay more
02:56for that vehicle over let's say an Uber or Lyft. So I think that people are becoming very comfortable
03:05very quickly with these vehicles and we'll just continue to see that happen. Regina what's interesting
03:11is the global context because we saw shares of Uber and Lyft get hit by this announcement of Elon Musk
03:19and in many ways they're already out there not only partnering in Austin with Waymo like Uber but they're
03:25also in China and we're seeing Beijing people hopping in those cars pretty actively. We're also seeing
03:30in the Middle East as well with WeRide and Uber out there trying things. How are you seeing globally
03:36the readiness of the consumer? I think that a lot of the global readiness is pretty accepting. We have a lot
03:46of other countries out there that will be willing to allow more vehicles and more operators to experiment.
03:55And then putting those vehicles out there for consumers to begin adopting allows them to move
04:01forward more quickly. So I think that you know at a global level we're going to continue to see
04:07an acceleration of the adoption of those vehicles.
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