The Trump administration has been increasingly wary about China's breakneck pace in AI development – with officials warning as recently as recently as April that China was engaged in “industrial-scale” efforts to rip off AI technology.
Uber is the largest shareholder in scooter rental service Lime. Lime filed a prospectus on Monday detailing plans for an IPO, targeting a price of $24 to $26 per share.
Uber Technologies' board of directors was sued on Monday by shareholders, who accused management and directors of having "knowingly cut compliance corners in the name of growing the company," leading to thousands of lawsuits from victims of sexual assault and harassment.
Strong business metrics: Gross Bookings at a constant currency growth of 21% YoY, MAPC growth of 17%, and total Trips growth of 20%. Uber One, with over 50M members, creates an engagement loop that increases order volume and keeps users in the Uber ecosystem. Uber is not fighting autonomous vehicles, it is becoming their distribution layer.
The Turkish Competition Board said on Friday it had approved Uber Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from Emirati controlling shareholder Mubadala.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is strengthening its autonomous vehicle strategy through new robotaxi expansion plans in the United States and Europe, moves that Bank of America analysts believe could improve investor sentiment toward the company. Uber recently announced plans to expand its autonomous vehicle partnerships to Houston with Nuro and Lucid, and to Zurich with WeRide.
Stellantis NV (NYSE:STLA, EPA:STLA), Wayve, and Uber Technologies Inc (NYSE:UBER, XETRA:UT8) have announced a new partnership aimed at accelerating the global rollout of fully autonomous ride-hailing services, marking a significant step in the race to commercialize driverless mobility. The agreement, disclosed Wednesday, outlines plans for the three companies to collaborate on the development a...
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