the other news getting plenty of attention is waymo completing a 2.5 capital rates.hey've now raised $5.75 billion since march of last year a lot of that will go toward funding the waymo autonomous rideshare program. it's already in the phoenix area they're planning to bring it to san francisco and it's slowly growing there. they have raised more than $5.7 billion since march 2020 as you take a look at google, waymo -- or alphabet, i should say -- when will waymo commercialize it when will they say, we're expecting to make money off of this unit. that's the big question out there. >> always a big question i find it so interesting, phil, that alphabet has so much money on its balance sheet, yet waymo awaits this investment somewhat like the g.m. announcement they raised their target not just for e.v.s but autonomous vehicles as well did they break out how much is going toward technology? and do you think with them pulling off, investors see that promise of commercialization so far off they're getting a little impatient with huge amounts of money that is being needed a

i was blown away by the technology. >> but when you look at waymo, is that the future? have those things look like some kind of tanks with dozens of cameras and sensors on them. >> they are, at this point, we're in the earliest stages of the technology. i can't help but be optimistic that this is going to end up in a form that will be affordable and usable for all of us. in fac, the point of my episode was to imagine what would happen when every car on the road was autonomous. that is the delicious future that lies in wait for all of us, because, as sort of a slightly tongue in cheek episode, but the thing that i was exploring was something that i read about in this wonderful paper from a guy named adam miller ball who is an urban planner at ucla who pointed out that if every car on the road is autonomous, in other words, if every car is perfectly behaved, right, because autonomous vehicles, if they're controlled by a computer, they are rational and patient and good-natured in a way that human drivers are not. what does that mean, this guy miller ball asks. hianswer is,

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meg, thank you >>> alphabet's autonomous vehicle unit waymo completing another round of funding philificant round of fundraising by waymo $2.5 billion this is the second fundraising round they've had since march of last year. when you add this $2.5 billion plus the amount last year, which ended up being 3.25 billion, you come up to just under $6 billion of capital raised. this is a lot of what the money is going towards expanding its autonomous ride sharing service. you see it in the phoenix area you'll see it in the san francisco area they'll be expanding the ride hailing service. yesterday j.b. hunt or last week j.b. hunt struck a deal to incorporate or at least test waymo via which is the autonomous vehicle for class a trucks they've got 20 million miles of autonomous trucking on public roads. they plan to leverage that take a look at shares of google. waymo is a subsidiary of alphabet as you take a look at this, it's unclear how they're commercializing this and monetizing this. i talked with the two co-ceos and both of them are pretty bullish about what they believe the future ho

google is far and away the leader in self driving car technology with waymo.y are already on some roads in the bay area, gaining popularity in phoenix. google also has their online search engine, online shopping. they cell phones, home devices. they compete against apple, amazon, facebook, in so many other areas. it only takes being the market leader in one sector to bring people to your other products. for instance, it explodes in popularity, people who own iphones might start being appealed to the google brand. they might ditch their iphone for a pixel phone. they might get rid of their amazon echo for a google assistant device. instead of buying stuff through amazon, they buy stuff through the -- google because they are impressed. it is the system with lock in. companies want you in their ecosystem. using their hardware, services, online shopping, all of that. it is becoming a battleground. they will need to compete like they all compete in phones and operating systems, online commerce. like everything else we talked about. emily: we know apple is not alway

alphabet's waymo as veith $2 billion in a funding round -- has raised $2 billion in a funding route.- funding round. coming up, google wants in on brick-and-mortar. the company cuts its first storefront ribbon. we are going to have the details next. roadblocks took a tumble today. --roblox took a tumble today. some analysts say it was worse than anticipated, but expect the numbers to get better in june. this is bloomberg. ♪ emily: microsoft is edging towards a $2 billion valuation. it'll hit that milestone when the stock we just $255. -- $265.60. google will open its first retail store in manhattan highlighting its effort to promote consumer hardware devices. the store will open to the public thursday. i.b. ross, who designed this store, said it is like walking into a dream. i suppose that depends on who's dream you are in but will it live up to those expectations? >> it is looking into her dream. i think a lot of consumers are used to the apple store aesthetic which is stark and has a lot of glass, white, and silver. the google store was designed to have muted tones. the furniture i

alphabet's waymo as veith $2 .5 billion in a recent funding round.estors -- andreessen horowitz and canada's pension plan. questions have been raised after losing six key executives since february including its cfo. coming up google wants in on , brick-and-mortar. the company cuts its first storefront ribbon on thursday, just a few blocks from apple. we have the details next. and roblox took a tumble today. the videogame company reporting a decline in bookings in may compared to the previous month, but expect the numbers to get better in june. this is bloomberg. ♪ emily: watch out apple, well, maybe. google will open its first retail store in manhattan highlighting its effort to , promote consumer hardware devices. the store, in manhattan's trendy chelsea neighborhood, will open to the public thursday. let's bring in our technical correspondent. nico, i.b. ross, who designed this store, said it is like walking into a dream. i suppose that depends on who's se dream you are in, but will it live up to those expectations? nico: it is certainly looking in

so google, waymo, etc., so it is a cheap way to play it.e fed gets around tapering later this year, you are looking at a 10% to 20% correction. alix: you think that is going to come when they announce talking about topper -- talking about talking about tapering, or does it come with them actually tapering? i say it glibly, but i'm actually serious. [laughter] dan: it is an excellent question. there's a famous saying by john maynard keynes that the market can stay irrational longer than you can stay solvent. that got all the way up to 27%. you've got a lot of money coming into this market, which is enabling them to push things up by jackson hole in august. they will say we have to taper by year-end. i thing that starts a 10% to 20% correction. it might happen before that. alix: outside of the u.s., do you have a topic? -- a top pick? dan: the nice thing is with this whole archegos blowup which you've talked about in the past, a lot of stocks got absolutely killed in the chinese adrs. so baidu is one we like quite a bit. we bought it after th

>> one much those combination -- >> is that what waymo is doing because they aren't making cars. >> you order online. >> self-driving? >> yeah. six months later you get a dog. >>> why businesses are gearing up for a fight with the fcc over climate change futures look to bounce after the w.arorheek of the ye f t do ff has be ready to take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you're in for a brewed awakening. for technology that moves you forward, trust cdw amplified services look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? dele