Uber may have started with transportation, but it sees its business extending into new areas, including AI-related services. The company's autonomous vehicle strategy led to partnerships with the likes of Nvidia.
The leader of streaming entertainment is leveraging generative AI to enhance visual effects. With the help of AI capabilities, a consumer goods business works with top athletes to create new footwear designs.
Uber (UBER) is scheduled to report its full fiscal year results next week and repetition of Q3 release is not something that investors want to see. The report will provide a much needed clearance on whether profitability hiccups are here to stay of if they were just a one-off event. A positive update on Nvidia's partnership could be used as a counterweight in an adverse case scenario for margins.
Uber Technologies demonstrates impressive revenue and user growth, but shares remain expensive, justifying a continued 'hold' rating. UBER's core Mobility and Delivery segments drive profitability, while Freight lags due to industry headwinds but poses minimal loss risk. Strategic focus includes AI, autonomous vehicles, and expansion into grocery/retail, leveraging partnerships with NVIDIA and ...
Waabi is a Canadian autonomous trucking outfit founded by Uber alum Raquel Urtasun. Uber is investing $250M in Waabi for plans to deploy 25,000 robotaxis over time.
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