Waymo locks in $5B loan to fuel robotaxi expansion
Waymo, owned by Alphabet, has secured a $5 billion loan from Blackstone and PIMCO to expand its robotaxi network. It is the company's first move into debt financing.
California will fine robotaxi companies if their vehicles block first responders
California introduced a new rule that penalizes robotaxi companies. If a robotaxi blocks first responders for more than 30 minutes, the company will face a fine. The rule aims to prevent autonomous vehicles from delaying emergency response.
