Rivian’s AI pivot is about more than chasing Tesla
RJ Scaringe is sitting in Rivian's Palo Alto offices, explaining why the adventure-themed EV company suddenly decided to build its own self-driving cars, when an unexpected guest glides by the window outside: Waymo.
A robotaxi from the Alphabet-owned company pulls up outside the office. The passenger, an analyst from Goldman Sachs, briefly takes a selfie before climbing inside. The Rivian founder and CEO chuckles at the scene.
"That's amazing," he laughs. "So perfect."
The arrival of the Waymo helps clarify the challenge that lies ahead for Rivian. A few hours earlier, Scaringe was onstage in front of an audience of hundreds of investor …