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Bloomberg Tech

Special Edition: Waymo co-CEO on the Road to 1 Million Robotaxi Rides a Week

11 Feb 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.672 - 5.121 Stephen Carroll

Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.

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5.622 - 10.011 Caroline Hepke

And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.

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10.391 - 15.001 Stephen Carroll

We're up early every weekday, keeping an eye on what's happening across Europe and around the world.

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15.422 - 21.634 Caroline Hepke

We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.

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21.698 - 27.166 Stephen Carroll

From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

27.206 - 32.633 Caroline Hepke

And from London, I'm looking at what all that means for markets, money and the wider economy.

33.154 - 37.48 Stephen Carroll

We've got reporters across Europe and around the globe feeding in as stories break.

37.941 - 42.587 Caroline Hepke

So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.

43.028 - 45.03 Stephen Carroll

It's smart, calm and to the point.

Chapter 2: What are Waymo's recent funding achievements and their implications?

459.445 - 466.341 Takedra Mawakana

You have to check out Waymo. And so we saw so many downloads and so many happy riders while they were here.

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466.456 - 489.139 Ed Ludlow

Waymo's reputation is growing globally, and we're going to talk about the literal expansion of your operations. But with this funding round, it's a who's who of investors now on the cap table. It's a big raise at a premium valuation. How much of that is sort of setting the pieces in motion to life eventually as a public company?

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489.119 - 496.952 Ed Ludlow

Is that something that you and Dimitri and the rest of the leadership plan for or is there merit staying as you are now?

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497.354 - 509.766 Takedra Mawakana

You know, we are just laser focused on execution, you know, building Waymo to be financially responsible, operationally excellent, and then make sure we maintain the safety culture. Like that's what we're really focused on.

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510.066 - 530.409 Takedra Mawakana

Having this vote of confidence, as you said, not only from Alphabet, but from our three co-leads from this round and from all of the new investors who decided to join our cap table and the existing ones who doubled down on their belief that this is the right opportunity to fund. And so we just feel humbled. But also, there's a lot to do.

530.429 - 540.945 Takedra Mawakana

So we're just really focused on making sure that we can scale, focusing on our two first international launches, London and Tokyo, and scaling across the United States.

541.195 - 556.791 Ed Ludlow

Let's talk about the growth. A lot of people just want to understand in some of those cities where people are frustrated because the service doesn't exist. What does it take to launch in a city to go from mapping that city through to a full paid commercial service?

556.973 - 580.488 Takedra Mawakana

Yeah, if the regulatory climate of a city is welcoming, then we can show up and map and launch in a couple of months like we did in Miami. You know, that's a city where, you know, they were welcoming and they were ready and we were ready. And so we showed up, you know, we have a fleet operating partner and we were able to launch quite quickly after we first arrived.

580.928 - 609.425 Takedra Mawakana

I think in a lot of cities, especially cities that are meaningful from a transportation perspective, we're helping, we're working, engaging with policymakers. You know, we have the burden to demonstrate our safety impact. And so with 127 million miles and 90% fewer serious injury-causing crashes or worse, we have to educate them on that kind of impact. 82% fewer airbag deployments.

Chapter 3: How is Waymo planning to scale operations across multiple cities?

1040.85 - 1058.569 Ed Ludlow

Of course, you're very closely aligned with Toyota as a partner, almost a national champion for them in the automotive space. But does your hope of launching there go beyond Toyota? Is it enabled by Toyota? And again, we have a lot of viewers in that country who just want to know when

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1058.549 - 1074.534 Takedra Mawakana

Yes. Yes. When we first thought about Tokyo, Japan, we thought about Tokyo. Right. And when we first thought about Tokyo, we decided to partner with Neon Kotsu and Go. And that's because the cabs are such an integral part of life there.

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1074.594 - 1075.535 Ed Ludlow

Culturally as well.

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1075.655 - 1095.814 Takedra Mawakana

Culturally. Exactly. And so what that's allowed us to do is we have a fleet of vehicles there and the drivers of those vehicles are part of that partnership. You know, they're collecting the data for us. And so they're like helping to usher in this change. There will still be cabs for a long time and there will be an introduction of autonomous vehicles.

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Chapter 4: What challenges does Waymo face in expanding to new markets?

1095.875 - 1115.503 Takedra Mawakana

And so finding partners, like you said, national champions who can help us navigate not only the regulatory climate, but who already have that trust. of riders and who can help us educate riders that this isn't like something they are not welcoming. It's actually something they're quite excited about, seeing Tokyo become a city of the future from a transportation standpoint.

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1115.543 - 1124.719 Ed Ludlow

But that is a market where the rules exist for you to, through partners or otherwise, but to charge a fare and have a real business, even if modest at first.

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1124.699 - 1127.422 Takedra Mawakana

That's exactly right. And of course, it's something we've helped shape.

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1127.762 - 1127.942 Ed Ludlow

Right.

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1128.183 - 1152.327 Takedra Mawakana

You know, there's most places contemplated drivers around the world, right? I mean, that's the way laws, whether it's 50 years ago or 100 years ago, I mean, they were sort of written to regulate automobiles and automobiles were presumed to be driven by people. And so most places we have to think through what needs to change in the laws. And then if people are willing to work with us on that,

1152.307 - 1155.272 Takedra Mawakana

then we work with them to change it. And so in Japan, we have a path forward.

1155.713 - 1179.174 Ed Ludlow

Around the world, the sort of robotaxi race is framed in U.S. companies against Chinese technology companies, right? I think this is something that Waymo and some of Waymo's executives have been kind of candid about this past week in testimony. How do you see that playing out? For example, with Toyota, you have a partner who also in common work with Pony AI as an example.

1180.235 - 1185.604 Ed Ludlow

It's something you must be conscious of. In markets where you want to expand outside of America in particular.

1185.753 - 1211.338 Takedra Mawakana

Yes. In general, if there are other companies focused on autonomous driving to make roads safer, we think that's positive. That is a positive thing. We should have competition around saving lives. And so that's a good thing. I think what we don't spend a lot of time thinking about is how everyone is thinking about how to pursue partnerships right now. We're just laser focused on our strategy.

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