Amazon launches robotaxi service in San Francisco in challenge to Google’s Waymo

Waymo has launched fully autonomous robotaxis in Miami, marking a significant step in the expansion of its self-driving technology. This initiative is part of Waymo's broader strategy to enhance urban mobility and is expected to expand to four additional cities across the United States in the near future. The launch in Miami represents a pivotal moment for the company as it seeks to establish a foothold in the competitive autonomous vehicle market.

Amazon's Zoox has opened a waitlist for free robotaxi rides in San Francisco. This initiative marks a significant step in the company's efforts to introduce autonomous electric vehicles to urban transportation. The robotaxis are designed without traditional driving controls, such as steering wheels or pedals, emphasizing a new approach to mobility. The service aims to provide a unique transportation experience while gathering data for future developments.

The European Union (EU) has identified Amazon and Google as 'critical' technology providers for the finance industry. This designation reflects the significant role these companies play in providing essential services and infrastructure to financial institutions across Europe. The EU's recognition underscores the increasing reliance on major tech firms in the financial sector, particularly as digital transformation accelerates.

Saudi Arabia's Humain is set to announce technology deals with major US companies, including Amazon and AMD. This development is part of Saudi Arabia's broader strategy to enhance its technological capabilities and diversify its economy. The announcement is expected to take place on November 18, 2025, and reflects the kingdom's ongoing efforts to attract foreign investment and foster innovation within its borders.

Major tech stocks, including Amazon and Microsoft, have seen significant declines as fears of an AI bubble contribute to a sell-off in the market. This marks the fourth consecutive trading session of losses for these companies, reflecting growing concerns among investors about inflated valuations in the artificial intelligence sector. The downturn has raised questions about the sustainability of the recent AI boom and its impact on the broader tech market.

Redburn analyst Alexander Haissl has downgraded his ratings for Microsoft and Amazon to neutral, suggesting that the generative AI boom may not replicate the success of cloud computing. He cites weak economic fundamentals, high infrastructure costs, and rapidly depreciating hardware as factors contributing to the risk of overbuilding in the industry. Haissl discussed his views during an appearance on Bloomberg Open Interest.

Analyst Alexander Haissl from Redburn has downgraded his ratings for Microsoft and Amazon to neutral, indicating that the generative AI boom may not replicate the success of the cloud computing sector. He cites weak economic fundamentals, high infrastructure costs, and rapidly depreciating hardware as factors that could lead to an oversupply in the industry. Haissl discussed his analysis during an appearance on Bloomberg Open Interest.

Amazon's robotaxi unit, Zoox, has launched its electric vehicles in San Francisco, notable for lacking traditional driving controls such as steering wheels, mirrors, or pedals. Currently, the company is not charging passengers for rides. Co-founder Jesse Levinson expressed optimism about the imminent approval from regulators, which could pave the way for wider deployment of their autonomous vehicles in urban settings.