The Dutch Data Protection Authority has fined Uber €825 million for deactivating driver accounts using an automated system without adequate human oversight, marking the second largest penalty under the EU's GDPR. The regulator found Uber committed serious violations by allowing a computer to make impactful decisions on driver suspensions, some of which were permanent without human review. Uber disputes these claims, stating most suspensions are temporary and reviewed by humans, and plans to appeal the fine. This fine follows previous penalties against Uber related to driver data handling, and a class action lawsuit by drivers is being prepared to seek compensation.
Uber shifted from predictable taxi-like pricing to AI-driven algorithms that set fares based on real-time factors. This change led to an 83% rise in average US Uber fares from 2018 to 2022, far outpacing inflation. Critics argue Uber uses AI to maxim...
Tesla's stock rose 4% following announcements of a European launch event for its all-electric Semi truck and regulatory approval for robotaxi permits in Las Vegas, extending its autonomous vehicle footprint. This rally contrasts with a significant re...
Nevada's Transportation Authority has approved permits for Tesla, Uber, and Waymo to operate commercial robotaxi services in Clark County, including Las Vegas. Tesla can deploy up to 5,000 robotaxis, Waymo 1,000, and Uber 1,000 through partners Motio...
BetterInvesting Magazine's advisory committee selected Uber Technologies as the "Stock to Study" and American Eagle Outfitters as the "Undervalued Stock" for their November 2026 issue. These picks are intended for educational purposes to help investo...
Amazon announced plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities by the end of 2026, aiming to fulfill Jeff Bezos' decade-old vision of fast, autonomous package delivery. Despite making hundreds of thousands of deliveri...
