Waymo is negotiating to raise $15 billion in funding, primarily from its parent company Alphabet, which could boost its valuation to $110 billion. The company currently operates or tests robotaxis in 26 markets and aims to expand its service significantly in the coming years.

Waymo, Alphabet's autonomous vehicle unit, is now providing over 250,000 paid robotaxi rides weekly in the U.S., showing growth from 200,000 in February due to expansions in Austin and the San Francisco Bay Area. CEO Sundar Pichai highlighted the company's evolving business model and partnerships with Uber and automakers, while also noting the competition from Tesla and other autonomous vehicle firms.