Uber has imposed a $1,500 monthly cap on AI tool spending per employee after exhausting its entire annual AI budget within just four months. The company previously encouraged heavy AI use, even ranking employees competitively on usage, which led to high costs. This move highlights the broader tech industry challenge of balancing AI investment with unclear returns. Uber's CEO also expressed skepticism about AI's direct impact on new consumer features, signaling cautious future AI spending.
In the first half of 2026, smart beta strategies showed mixed results, with momentum and low-volatility funds lagging, while dividend growth funds struggled due to rising yields. However, funds emphasizing companies with strong free cash flow and hig...
WeRide, Uber, and AVOMO announced plans to launch Spain's first commercial Robotaxi pilot in Madrid later in 2026, marking their first joint entry into the European market. The service will be accessible via the Uber app and initially include trained...
SpaceX has reserved up to 5% of its IPO shares for purchase by select employees and associates through a direct share program managed by Morgan Stanley. The company aims to raise about $75 billion in its public offering, potentially marking one of th...
US stock futures rose following weekend US strikes in Iran targeting radar and command sites in response to aggressive Iranian actions, including the downing of a US drone. The S&P 500 ended May at a record high, supported by strong performances in t...
Uber, Autobrains, and NVIDIA announced plans to launch a robotaxi program in Munich using Autobrains’ AI and NVIDIA’s Level 4 autonomous driving platform, pending regulatory approval. This partnership aims to scale autonomous ride-hailing across mult...
