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 is experiencing slower trip growth in key markets like Brazil, which is expected to slow its bookings and revenue growth in the third quarter. The company’s acquisition of Delivery Hero offers geographic expansion at a reasonable pr...
The Federal Trade Commission (FTC) has requested information from Walmart, Uber, and seven other companies about their use of consumer personal data—such as location, browsing history, and income—to set individualized prices, wages, and job offers. T...
Uber decided against acquiring Instacart, opting instead to focus on a $15.7 billion share buyback program that offers better returns and avoids stretching its balance sheet. Uber's stock trades at a 7.4% free cash flow yield and 14 times trailing EB...
Rivian Automotive reported record third-quarter deliveries of 19,248 vehicles, surpassing prior guidance and raising full-year delivery expectations to 65,000-70,000. Despite this, the company still faces significant cash burn, with a narrowed automo...
Instacart's stock surged nearly 10% following reports that the company is exploring a potential sale to larger competitors like DoorDash and Uber. While discussions are preliminary and no deal is guaranteed, investors are pricing in a possible acquis...
