Tech
England’s Coldstream Guards
The Band of the Coldstream Guards (Henry Nicholls/Getty Images)

Google’s Waymo plans to launch autonomous rides in London next year

This marks the company’s second international expansion after Tokyo.

Google’s autonomous ride-hailing service, Waymo, is heading to London, where it plans to begin offering rides to the public next year.

Waymo said it will start testing vehicles with trained safety drivers behind the wheel in the “coming weeks.” It’s not the only autonomous ride-hailing company racing to break into London: Uber and UK-based autonomous tech company Wayve this summer announced their intention to partner to offer rides there.

The announcements follow the UK government’s push to fast-track autonomous pilot programs into the spring of 2026, up from late 2027. Firms will be allowed to “pilot small scale ‘taxi- and bus-like’ services without a safety driver for the first time” before a potential wider rollout when the full Automated Vehicles Act becomes law in the second half of 2027, according to the Department of Transport.

“Boosting the AV sector will increase accessible transport options alongside bringing jobs, investment, and opportunities to the UK,” Secretary of State for Transport Heidi Alexander said in Waymo’s press release. Waymo also touted that its vehicles, Jaguar I-PACEs, are part of an “iconic British brand.”

Waymo didn’t say how many vehicles would be available to the public at launch, but it said it would scale up operations in conjunction with the government’s guidelines and approval processes.

Customers will use Waymo’s app to hail rides. Waymo has partnered again with Moove for fleet management.

London will be Waymo’s second international market besides Tokyo, where it’s currently testing.

Waymo is currently the largest autonomous ride-hailing service in the US, where it operates in five cities with plans to expand to another six next year. One of its main competitors in the US is Tesla, which is currently operating about 30 robotaxis in Austin with a person in the passenger’s seat.

More Tech

See all Tech
tech

Banks prepare record $38 billion debt financing to fund Oracle-tied data centers

Banks led by JPMorgan and Mitsubishi UFJ are preparing a $38 billion debt offering to fund two Oracle-tied data centers in Texas and Wisconsin, Bloomberg reports. The projects, developed by Vantage Data Centers, will support Oracle’s $500 billion Stargate AI infrastructure push with OpenAI and Nvidia.

The loans — $23.25 billion for Texas and $14.75 billion for Wisconsin — are expected to mature in four years, price about 2.5 percentage points higher than the benchmark rate, and mark the largest AI infrastructure financing to date.

Oracle executives recently said that the company anticipates cloud gross margins will reach 35% and that it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

Oracle is up 1.5% premarket.

The loans — $23.25 billion for Texas and $14.75 billion for Wisconsin — are expected to mature in four years, price about 2.5 percentage points higher than the benchmark rate, and mark the largest AI infrastructure financing to date.

Oracle executives recently said that the company anticipates cloud gross margins will reach 35% and that it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

Oracle is up 1.5% premarket.

tech

Google rises on official announcement of Anthropic deal worth “tens of billions”

Google has made its deal to expand AI compute to Anthropic, reported earlier this week by Bloomberg, official. In order to train and serve its Claude model, Anthropic has agreed to pay Google Cloud “tens of billions of dollars” to access up to 1 million tensor processing units, or TPUs, as well as other cloud services.

Google, of course, has a 14% stake in Anthropic, making this one of the many circular AI deals happening at the moment.

“Anthropic and Google have a longstanding partnership and this latest expansion will help us continue to grow the compute we need to define the frontier of AI,” Anthropic CFO Krishna Rao said in the press release. “Our customers — from Fortune 500 companies to AI-native startups — depend on Claude for their most important work, and this expanded capacity ensures we can meet our exponentially growing demand while keeping our models at the cutting edge of the industry.”

The announcement has sent Google up again, more than 1% premarket.

tech

Report: Snap seeking $1 billion to finance its AR glasses division in “existential” fundraise

Snap is down more than 1% this morning following news that the company is attempting to raise $1 billion for its AR glasses unit in what someone told Sources.news was an “existential” fundraise.

A Snap spokesperson countered, “We do not need to raise money to execute against our plans to publicly launch Specs in 2026, but remain open to opportunities that could accelerate our growth.”

Multiple investors are involved in the talks, including Saudi Arabia’s Public Investment Fund, according to Sources.news. The report also noted that Snap plans to turn the unit that makes its Specs glasses into an independent subsidiary à la Google’s Waymo “that can continue raising capital from investors.”

Snap plans to produce about 100,000 units of next year’s Specs, pricing them around $2,500.

The beleaguered stock saw quite a bit of retail interest last month, amid r/WallStreetBets chatter that its low nominal price made it a potential acquisition target.

Multiple investors are involved in the talks, including Saudi Arabia’s Public Investment Fund, according to Sources.news. The report also noted that Snap plans to turn the unit that makes its Specs glasses into an independent subsidiary à la Google’s Waymo “that can continue raising capital from investors.”

Snap plans to produce about 100,000 units of next year’s Specs, pricing them around $2,500.

The beleaguered stock saw quite a bit of retail interest last month, amid r/WallStreetBets chatter that its low nominal price made it a potential acquisition target.

tech

Meta says it’s replacing jobs with tech in new round of layoffs

Meta told employees in its risk division, which is responsible for ensuring regulatory and policy compliance, that some of their roles will be replaced by tech, Business Insider reports.

“By moving from bespoke, manual reviews to a more consistent and automated process, weve been able to deliver more accurate and reliable compliance outcomes across Meta,” Chief Compliance and Privacy Officer Michel Protti told the workers in an internal memo. “As a result, we don’t need as many roles in some areas as we once did.”

The news comes right after Meta laid off 600 employees across its AI team in yet another company reorganization, reflecting efforts to improve its flagship AI model, Llama 4.

Meta is only the latest tech company selling AI to say that AI is helping it save money on human labor.

The news comes right after Meta laid off 600 employees across its AI team in yet another company reorganization, reflecting efforts to improve its flagship AI model, Llama 4.

Meta is only the latest tech company selling AI to say that AI is helping it save money on human labor.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.