AI boosts Grab driver earnings by 23% and lifts Q1 revenue 24% amid regulatory challenges.

Grab Holdings reported a 24% revenue increase in Q1, attributing a 23% rise in driver earnings to its AI-powered 'Turbo' mode that optimizes routes and timing. The company leverages over 20 billion local transactions to enhance efficiency across its delivery and ride-hailing services. Despite regulatory challenges like Indonesia's new cap on ride-share commissions, Grab is negotiating with authorities and advancing AI initiatives, including autonomous vehicle trials and AI robots to reduce driver wait times. These innovations aim to sustain growth and improve driver income in a competitive Southeast Asian market.