Uber Technologies' COO Andrew Macdonald bought 70,000 shares worth about $5.31 million, signaling confidence despite recent stock volatility. The company reported a record trailing 12-month free cash flow exceeding $10 billion and secured Spain's first national permit for Level 4 autonomous passenger vehicles, advancing its autonomous vehicle plans. While Uber shares have fallen over 30% from their highs, these developments highlight Uber's long-term growth potential amid competition and regulatory challenges. The autonomous vehicle service in Madrid is expected to launch before the end of 2026, pending further testing and approvals.
Uber has expanded its use of ChatGPT Work, an AI tool by OpenAI, to its entire global workforce of 30,000 employees after a successful pilot with 1,000 staff. The AI is used across departments like finance, operations, and product for tasks such as d...
Elon Musk claimed Tesla will eventually handle the majority of all passenger miles on Earth where it can operate freely, highlighting the company's ambition in autonomous ride services. Despite this bold vision, Tesla's current robotaxi fleet has dri...
Waymo has started offering autonomous vehicle rides at Harry Reid International Airport in Las Vegas, marking its sixth major airport service. Pickups and dropoffs occur at dedicated zones in Terminals 1 and 3. Initially, rides will be limited to a f...
