Uber unveiled a Hyundai Ioniq 5 prototype equipped with numerous sensors to gather real-world driving data for its autonomous vehicle partners like Avride, Waymo, and WeRide. This marks Uber's first self-assembled vehicle since selling its autonomous division in 2020 and supports its AV Labs division's goal to collect diverse, high-quality data globally. Uber plans to deploy 500 of these sensor-equipped EVs worldwide in 2024, aiming to collect 2 million miles of data monthly to enhance self-driving software training. The data collected will be shared with partners to improve autonomous vehicle technology.
Uber Technologies reported a 21% year-over-year increase in gross bookings and a 42% rise in non-GAAP operating income for Q1 2026, alongside $2.28 billion in free cash flow. The company now has over 50 million Uber One members and projects 18-22% gr...
Uber's chief product officer Sachin Kansal shared the company's vision to grow beyond ride-hailing into travel planning, hotels, AI-powered shopping, and autonomous vehicles. Uber aims to create a hybrid network combining human drivers and robotaxis,...
Zipline, a drone delivery startup, is rapidly expanding its U.S. operations by hiring former Tesla, Uber Eats, and Waymo executives to scale its business. The company now completes one drone delivery every 20 seconds and has surpassed 2.5 million com...
Uber Technologies is reportedly in advanced talks to acquire Delivery Hero, a major German food-delivery company, aiming to finalize the deal soon. Uber already owns about 25% of Delivery Hero's shares and holds additional derivatives, giving it near...
Uber is broadening its services beyond ride-hailing and food delivery to include hotel bookings, boat rentals, and shopping features, aiming to become a travel-focused platform. It is also developing financial products for drivers and merchants, such...
