Rachel Warren

where there's a much more developed market.

regulatory framework like in China and what we are starting to see in Europe, I think provides something of a guide for the market in the US and what that could look like in the coming decade and beyond.

I think to a certain extent, and I do think over the next decade and past that, we do start to see new business models emerge like you've outlined.

And I do think a company like Waymo clearly has a disruptive element to its business, but I don't think we suddenly see it replace the use cases that we know companies like Uber and Lyft for.

I don't think we're going to suddenly have a situation where people are only going to be going in the back of a driverless vehicle rather than ordering an Uber or Lyft

or deciding that that's how they want all their, you know, their food or their groceries or whatever they use those platforms for.

Well, there's that too.

I think there's still a lot of questions about what is kind of the driver of adoption here.

And I think that's what these companies like Weibo are still trying to figure out.

And what's also interesting is they're

specifically testing very different operational models in different markets, right?

So Waymo directly competes with Uber and Lyft in some cities where they're operating their own ride-hailing service through the proprietary Waymo One app.

Now we've seen in San Francisco, for example, they're rapidly gaining market share.

They've even surpassed Lyft and they're challenging Uber's dominance in their operating zone.

Obviously that's a small sample size, but then you go to cities like Austin and Atlanta

And Waymo's robotaxis are actually just exclusively available for booking via the Uber app.

So that actually expands Uber's service offerings.

That's a tailwind for Uber.

So I don't think we're going to see a winner takes all situation.

I don't think there's just one way for these businesses to play that.