Travis Kalanick, Uber's co-founder, is preparing to return to the ride-hailing industry through his new startup, Atoms, which focuses on robotaxi technology. Atoms recently secured $1.7 billion in funding and is recruiting autonomous vehicle engineers, aiming to fulfill a long-held goal of advancing autonomous ride services. Uber has invested $100 million in Atoms and may use its technology for robotaxis on its platform, marking Kalanick's first ride-hailing involvement since leaving Uber's board in 2019. The startup also appointed Anthony Levandowski, a key figure in self-driving tech, to lead its autonomous vehicle efforts, signaling a strong push into industrial AI and automation.
Take-Two Interactive expects a record year with Grand Theft Auto 6 preorders surpassing $750 million, as the game launches November 19. Boeing plans to reduce its commercial aircraft workforce by about 5%, combining layoffs and attrition, with employ...
Uber's stock closed at $69.87, significantly below Wall Street's average price target of around $107, signaling a potential 53.5% upside. The company reported strong growth with bookings up 20% and record free cash flow of $10.4 billion, though earni...
Uber reported strong Q3 results with 18% adjusted revenue growth and 35% non-GAAP EPS growth, yet its stock trades near an all-time low. Uber Eats is expanding rapidly, driven by over $15 billion in Grocery & Retail bookings and partnerships with Ama...
Uber has introduced a new service allowing customers to reserve and pay for parking in 15 major U.S. cities, leveraging its recent acquisition of parking app SpotHero. The service offers access to 13,000 parking locations and aims to serve commuters ...
Uber Technologies is falling behind competitors Waymo and Tesla in the U.S. robotaxi market, projecting only 2,000 robotaxis by 2027 compared to Waymo's 20,000 and Tesla's plans for millions. The company's revenue growth is slowing, with Q3 growth un...
