WSJ Tech News Briefing Why Corporate America Didn’t Hesitate to Go All-In on AI
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Jun 30, 2025 Corporate America is diving headfirst into AI, driven by a fear of falling behind. The fierce competition in the self-driving car market is highlighted with Waymo's impressive valuation compared to Tesla's. Discussions reveal how companies like Pepsi are strategically adopting AI, enhancing their efficiency while navigating workforce changes. The balance between leveraging technology and maintaining human roles is crucial, as firms explore collaborations to strengthen their AI capabilities.
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Tesla's Staggering Valuation
- Tesla's valuation is around $1 trillion, placing it with major tech companies like Amazon and Google.
- Its valuation multiple, price to projected earnings, is about 150 times, much higher than other tech giants.
Waymo's Valuation Perspective
- Waymo is valued at $45 billion, much less than Tesla but still huge for a private company.
- Some analysts believe Waymo's worth could be over $100 billion considering its progress and backing by Alphabet.
Early Stages Robo-Taxi Race
- Tesla’s robo-taxi service is still early, limited to a dozen cars in Austin, Texas.
- Waymo has been operating in five cities for years, making it more advanced despite Tesla’s rapid rollout potential.