Uber

Uber has launched autonomous rides in London using AI technology from British startup Wayve, making London the second European city after Zagreb to offer robotaxi services. The initial deployment includes safety operators monitoring the vehicles. The partnership positions Uber and Wayve ahead of Waymo in the UK capital, marking a significant expansion of autonomous ride-hailing in Europe.

4 reports · 4 sources · Updated Sep 4, 08:59 AM UTC

Uber Technologies Inc. announced plans to lay off approximately 3,300 employees, representing 10% of its global workforce, as part of a major restructuring. The company aims to reduce management layers by 20% and streamline operations. The cost-cutting move comes as Uber commits over $10 billion to robotaxi partnerships, reallocating resources toward autonomous vehicle technology, ride-sharing, and delivery services.

19 reports · 14 sources · Updated Sep 3, 02:05 PM UTC

Uber Technologies announced it will cut approximately 3,300 jobs, about 10% of its global workforce, as part of a restructuring to reduce management layers and streamline operations. CEO Dara Khosrowshahi said the company’s rapid growth created excessive layers and fragmented ownership. The cuts will reduce managers by 20%, limit fully remote workers to 1%, and redirect savings toward autonomous vehicle technology, ride-sharing, and delivery. Uber shares rose 2.4% following the announcement.

5 reports · 3 sources · Updated Sep 3, 01:49 AM UTC

Amazon announced a major expansion of its Prime Air drone delivery service to nearly 500 US cities and towns by the end of 2026, a sixfold increase from its current 11 metro areas. The service delivers items under 5 pounds in 30-60 minutes, targeting suburban areas. However, the expansion faces regulatory hurdles, safety concerns, and competition from Walmart and Uber. A viral video showed a drone dropping a package into a Texas woman’s pool, highlighting operational challenges. Amazon aims to deliver half a billion packages by decade’s end.

12 reports · 8 sources · Updated Aug 23, 11:00 AM UTC

On July 30, 2026, OpenAI announced major price cuts for its GPT-5.6 Luna (80% reduction) and Terra (20% reduction) models, citing efficiency gains. The move responds to rising enterprise cost sensitivity and competition from cheaper Chinese rivals like Z.ai and Moonshot AI. The flagship Sol model remains unchanged. Analysts warn the cuts may strain finances ahead of anticipated IPOs, as the industry shifts from flat subscriptions to usage-based pricing, leaving businesses with unpredictable bills.

9 reports · 4 sources · Updated Jul 30, 08:29 PM UTC

Alphabet's Waymo is reportedly considering ending its robotaxi partnership with Uber, as tensions escalate over operations in Austin and Atlanta and over autonomous vehicle regulation. According to the Financial Times, Waymo has internally discussed leaving existing agreements. Uber stated Waymo intends to enter Austin and Atlanta independently from January 2028, when the current contract allows, though Uber expects to continue offering Waymo services until May 2028. The partnership, which began in May 2023 in Phoenix, has soured as both companies become closer rivals and support different regulatory approaches. Complaints have been exchanged over vehicle cleanliness, routing, safety incidents (including Waymo vehicles blocking a cul-de-sac in Atlanta and driving past stopped school buses in Austin), and financial terms. Waymo has expanded in other US markets without Uber and plans direct bookings in Austin and Atlanta alongside Uber. Waymo recently completed a $16bn financing round, valuing the company at $126bn.

1 reports · 1 sources · Updated Jul 27, 10:53 AM UTC

Uber and Alphabet's Waymo will end their exclusivity arrangement in Atlanta and Austin, Texas, in early 2028. Waymo has notified Uber that it intends to launch its own standalone app in those cities in January 2028, alongside its existing deployment with Uber. The change reflects Waymo's growing traction in the robotaxi market, as its vehicles are now live in nine other US cities. Waymo also struck a non-exclusive deal with Lyft in Nashville last year. Uber shares dropped more than 4% on the news. Uber said hundreds of Waymo robotaxis will remain available on its platform through at least May 2028, the duration of their existing contract. The change allows Uber to put other autonomous vehicles onto its platform in both cities. A Waymo spokesperson said users need choice in how they experience the technology. The Financial Times reported that Waymo held internal discussions about splitting from Uber due to tensions over conflicting policy proposals.

1 reports · 1 sources · Updated Jul 24, 09:48 PM UTC

Uber and Alphabet's Waymo will end their exclusivity arrangement in Atlanta and Austin, Texas, in early 2028. Waymo has notified Uber that it intends to launch its own standalone app in those cities in January 2028, alongside its existing deployment with Uber. The change reflects Waymo's growing traction in the robotaxi market, as its driverless cars are now live in nine other US markets. Waymo also struck a non-exclusive deal with Lyft in Nashville last year. Uber shares dropped more than 4% on the news. Uber said hundreds of Waymo robotaxis will remain available on its platform through at least May 2028, the duration of their existing contract. The changes allow Uber to put other, non-Waymo autonomous vehicles onto its platform in both cities. Waymo cited the need for user choice in experiencing the technology. The Financial Times reported internal discussions at Waymo about splitting from Uber due to tensions over conflicting policy proposals.

1 reports · 1 sources · Updated Jul 24, 09:48 PM UTC

Uber and Alphabet's Waymo will end their exclusivity arrangement in Atlanta and Austin, Texas, in early 2028. Waymo will launch its own app in those cities alongside its existing deployment with Uber, reflecting its growing traction in the robotaxi market. Waymo's robotaxis are now live in nine other US markets without exclusive Uber deals. The change allows Uber to put other autonomous vehicles onto its platform in both cities. Waymo cited the need for user choice in experiencing the technology. The Financial Times reported internal tensions between the companies over conflicting policy proposals. Uber shares dropped more than 4% on the news. Uber continues to invest in AV technology from partners like Waabi, Wayve, Nuro, and Rivian.

1 reports · 1 sources · Updated Jul 24, 09:48 PM UTC

A section of online taxi operators in Kerala, represented by the All Kerala Online Drivers Union Alliance (AKODUA), ended their three-day indefinite 'offline strike' on July 24, 2026, resuming services on platforms like Kerala Savari and Rapido. However, drivers continue their offline strike against Uber, demanding a reduction in commission rates, fare revision according to government norms due to rising fuel and maintenance costs, and an end to arbitrary ID locking based on customer feedback. Around 30,000 drivers, primarily in Kochi and Thiruvananthapuram, are involved. Union leaders stated that drivers have been instructed to switch on all mobility apps except Uber, and further talks with Uber officials are scheduled for the following week. Online autorickshaws were not affected by the strike.

1 reports · 1 sources · Updated Jul 24, 04:59 PM UTC

Travis Kalanick, former Uber CEO, announced that his robotics company Atoms raised $1.7 billion in a funding round backed by Andreessen Horowitz, Bain Capital, and Uber. The company, rebranded from City Storage Systems in March 2026, focuses on robotics for mining and transportation. In April, Atoms acquired Pronto, a heavy industry automation firm founded by Anthony Levandowski. Levandowski, a former Google engineer, was convicted in 2020 for stealing 14,000 trade secret files from Google's self-driving car project (Project Chauffeur/Waymo) when he left to start Otto, which Uber later acquired. He was sentenced to 18 months in prison but was pardoned by President Donald Trump on his last day in office in January 2021. The article highlights the controversial reunion of Kalanick and Levandowski, both central figures in Uber's past legal battles with Google over autonomous driving technology.

1 reports · 1 sources · Updated Jul 24, 12:00 PM UTC

Three public pension funds—Louisiana Sheriffs' Pension & Relief Fund, Boynton Beach General Employees' Pension Plan, and Steamfitters Local 449 Pension Fund—filed a lawsuit against Uber's CEO Dara Khosrowshahi, board chair Ronald Sugar, and eight other directors. The suit alleges that Uber knowingly concealed the true scale of sexual assault on its platform, reporting over 400,000 incidents of sexual assault or misconduct from 2017 to 2022, while publicly disclosing only 12,522 accounts of 'serious sexual assault.' The complaint claims directors collected millions in safety-linked bonuses despite ignoring red flags. It also alleges Uber developed safety tools—such as in-car cameras, driver training, enhanced background checks, and a machine-learning model to predict risky pairings—but either canceled or delayed their implementation. The lawsuit was filed in the U.S. District Court for the Northern District of California. Forbes has reached out to Uber for comment.

1 reports · 1 sources · Updated Jul 23, 05:55 PM UTC

Schnuck Markets announced on July 23, 2026, that it will launch an artificial-intelligence-powered agentic shopping assistant for customers later this summer. Developed in partnership with VitalityIP, an AI-powered digital nutrition guidance platform, the tool will be available on Schnucks' app and website. The AI assistant provides personalized nutrition guidance, meal ideas, and product recommendations aligned with health and lifestyle goals such as weight management, healthy aging, recovery, and family wellness. Schnucks Chief Data and Information Officer Tom Henry stated the tool addresses customer demand for trusted guidance in meal planning, health tracking, dietary needs, budgeting, and kitchen inspiration. The platform's intelligence is based on over 6 billion lines of shopping, health, and nutrition data, co-developed using Schnucks' customer and store inventory data. Schnucks maintains ownership of customer relationships, shopper data, and brand experience. The grocer joins a growing list of retailers including Albertsons, Kroger, Uber, DoorDash, and Associated Wholesale Grocers that have recently introduced AI-powered shopping assistants.

1 reports · 1 sources · Updated Jul 23, 10:50 AM UTC

Uber has announced a 10% reduction in its customer service workforce, marking the second round of layoffs in under two months and the first time the company has explicitly linked job cuts to artificial intelligence efficiency initiatives. The move reflects Uber's increasing reliance on AI to handle customer inquiries and reduce operational costs. In June 2026, Uber cut 23% of its 'people division,' representing less than 1% of its 34,000 global employees, following the appointment of a new president. The latest cuts signal a broader trend of AI-driven workforce restructuring in the tech and ride-hailing industries.

1 reports · 1 sources · Updated Jul 23, 12:24 AM UTC

Uber has announced a 10% reduction in its customer service workforce, marking the second round of layoffs in under two months and the first time the company has explicitly linked job cuts to artificial intelligence efficiency initiatives. The move reflects Uber's increasing reliance on AI to handle customer inquiries and streamline operations. In June, Uber had already cut 23% of its so-called people division, which represented less than 1% of its 34,000 global employees, following the appointment of a new president. The latest cuts signal a broader trend in the tech and gig economy sectors where companies are leveraging AI to reduce labor costs and improve operational efficiency. The article was published by The Business Times Singapore on July 23, 2026.

1 reports · 1 sources · Updated Jul 23, 12:24 AM UTC

Travis Kalanick's robotics company, Atoms, has raised $1.7 billion in a funding round led by Andreessen Horowitz (a16z), with Ben Horowitz joining the board. Other participants include Bain Capital, Fifth Wall, and notably Uber, reconnecting Kalanick with the company he founded and was ousted from in 2017. Atoms is a rebranded holding company built on Kalanick's ghost kitchen venture Cloud Kitchens, and recently acquired Pronto, a heavy industry automation firm run by former Uber colleague Anthony Levandowski. Kalanick has expressed ambitions to expand into mining and build a 'wheelbase for robots,' aiming to digitize the physical world through software-controlled manufacturing, storage, and transportation. The funding will likely support hiring and development of AI and robotics systems to boost productivity in physical industries.

1 reports · 1 sources · Updated Jul 22, 06:50 PM UTC

Tesla reported second-quarter deliveries of 480,126 vehicles, beating Wall Street estimates of 406,600 and marking a 25% year-over-year increase. The strong delivery performance boosted Tesla's global BEV market share by 95 basis points and US share to 46.1%. However, investor focus is shifting to Tesla's massive $25 billion capital budget for 2026, funding AI infrastructure and Optimus humanoid robot development. Analysts expect free cash flow to be negative $3.25 billion for the quarter. Bank of America remains bullish with a $460 price target, citing robotaxi expansion to five markets and competitive pricing. Optimus production is targeted for late July or August. However, Swissquote analyst Ipek Ozkardeskaya notes Tesla has spent only $2.5 billion of its budget so far, raising concerns about underspending on key growth drivers amid political controversies and Chinese EV competition. Shares were flat ahead of the earnings report.

1 reports · 1 sources · Updated Jul 22, 04:13 PM UTC

Former Google, Uber, and New York Times recruiter Farah Sharghi explains that the most effective question a job candidate can ask at the end of an interview is 'What's broken?' or a variation thereof. She argues that most candidates waste the opportunity by asking safe questions about culture or growth, while standout candidates focus on the core problem the company needs solved. Sharghi details four specific ways to ask this question: 'What's actually broken right now that you want this person to fix?', 'A year from now, what will make you say that this hire worked out?', 'Who is the person on your team you wish you could clone?', and 'What's the part of this job people underestimate?'. Each question reveals different insights about the candidate's mindset, from problem-solving orientation to understanding team dynamics and success metrics. She emphasizes that the best candidates treat the interview like the first day of work, not an audition.

1 reports · 1 sources · Updated Jul 22, 04:00 PM UTC

An indefinite 'offline strike' by online taxi drivers in Kerala, India, entered its second day on July 22, 2026, causing a sharp surge in fares on app-based platforms. Commuters reported fares doubling or tripling on routes such as Thripunithura to Infopark and Kakkanad to Palarivattom, forcing many to switch to buses and autorickshaws. The strike, called by the All Kerala Online Drivers Union Alliance (AKODUA), involves an estimated 35,000 drivers, with only about 20% of vehicles reportedly operating. Drivers demand fair fare revisions, welfare measures, and action against illegal bike taxis. Protesters staged a sit-in at Uber's Kochi office, and the company agreed to hold talks with union representatives on Thursday following police intervention.

1 reports · 1 sources · Updated Jul 22, 03:27 PM UTC

A Yahoo Finance analysis details the severe downturn in the U.S. electric vehicle industry as of mid-2026. Lucid's market cap has collapsed from $91 billion to $2.87 billion, with $3.8 billion in negative free cash flow against $1.35 billion in 2025 revenue, sustained only by Saudi Arabian funding. Rivian fell from a $150 billion peak to roughly $25 billion, with cash reserves halved to $2.85 billion, relying on Volkswagen, Uber, and a DOE loan. Legacy automakers also suffered: Stellantis posted a $22.33 billion net loss for FY2025, and Ford recorded $10.7 billion in EV-related impairments. Tesla remains dominant with a $1.4 trillion market cap but saw Q4 2025 deliveries fall 16%. The article concludes that pure-play EV startups face existential risk and may not achieve cash flow positivity before 2030.

1 reports · 1 sources · Updated Jul 22, 02:07 PM UTC

Business Insider's six-part series 'The Great Coding Reset' examines how AI coding tools are transforming software engineering. The article reports that AI's impact has been rapid and nuanced, with engineers expressing both excitement and trepidation. Key findings include the rise of 'tokenmaxxing' (maximizing AI use) followed by cost-cutting backlash from companies like Uber and Amazon. Developers report increased productivity but also concerns about skill erosion, especially for junior engineers who may lose learning opportunities as AI handles debugging and simple features. The series highlights that engineers are not monolithic in their views, with some embracing AI and others wary. It concludes that while coding is uniquely suited to AI disruption, the lessons about adaptability and human value apply to all white-collar workers.

1 reports · 1 sources · Updated Jul 22, 09:30 AM UTC

On July 22, 2026, cab drivers briefly protested at Rajiv Gandhi International Airport (RGIA) in Hyderabad as part of a Telangana-wide strike by app-based transport workers. The protest caused brief tension in the airport parking area. RGIA Outpost Police Inspector B. Kiran Kumar stated that police assured drivers their grievances would be heard, and representatives from Ola, Uber, Rapido, and other app-based cab aggregators were called to the police station for discussions. Police confirmed that cab services to and from the airport remained unaffected, and additional personnel were deployed to ensure passenger convenience. The strike and protest highlight ongoing labor disputes between gig workers and platform companies in the region.

1 reports · 1 sources · Updated Jul 22, 06:53 AM UTC

This article analyzes the paradox in the AI economy where despite models becoming more capable and efficient, usage costs are soaring due to 'token amplification.' As AI moves from simple Q&A to complex agentic tasks involving multi-stage processing, token consumption can explode from hundreds to millions per task. A single innocent query might cost $1, but scheduled tasks can reach $2,880 monthly, and complex reports up to $28,800. This has led major AI firms like Anthropic, Microsoft, and OpenAI to shift to usage-based billing, causing sticker shock among developers. Large companies including Uber, Microsoft, Amazon, and Walmart are curbing AI spending as agent-heavy operations can become costlier than human employees. The article highlights that for agent-heavy companies, prompt redesign is a margin event, and poorly bound agent loops are outages with credit cards attached.

1 reports · 1 sources · Updated Jul 20, 07:35 PM UTC

This article from Tom's Hardware analyzes a paradox in the AI economy: while AI models become more capable and efficient, usage costs are soaring due to 'token amplification.' As models handle complex agentic tasks—like generating reports by querying billing systems, spreadsheets, and CRMs—they consume millions of tokens per request, far more than simple Q&A. Each step in a multi-stage task adds thousands of tokens, and cumulative costs can reach $2,880 per month for a simple dashboard or $28,800 for complex reports. This has led companies like Anthropic, Microsoft, and OpenAI to shift to usage-based billing, causing sticker shock for developers. Major firms including Uber, Microsoft, Amazon, and Walmart are curbing AI spend, as token expenditure becomes a financial and engineering priority. The article warns that for agent-heavy companies, 'a prompt redesign is a margin event' and 'a poorly bound agent loop is an outage with a credit card attached.'

1 reports · 1 sources · Updated Jul 20, 07:35 PM UTC

This article from Tom's Hardware analyzes a paradox in the AI economy: while AI models become more capable and efficient, usage costs are soaring due to 'token amplification.' As models handle complex agentic tasks—like generating reports by querying multiple systems—they consume millions of tokens per request, far more than simple Q&A. For example, a single task might cost $1, but if run every 15 minutes, it can reach $2,880 per month. More complex tasks can cost $28,800. This has led companies like Anthropic, Microsoft, and OpenAI to shift to usage-based billing, causing sticker shock for developers. Major firms like Uber, Microsoft, Amazon, and Walmart are curbing AI spend. The article warns that for agent-heavy companies, prompt redesign is a margin event, and poorly bound agent loops are outages with credit cards attached.

1 reports · 1 sources · Updated Jul 20, 07:35 PM UTC

This article analyzes billionaire investor David Tepper's latest 13F filing, revealing his top five US-listed stock positions, which collectively map the entire AI stack. The picks include Uber Technologies (applied AI in autonomous vehicles), Micron Technology (memory/HBM for AI clusters), and Alphabet (cloud AI monetization). The analysis highlights Uber's bullish setup with 68% upside potential, Micron's massive revenue growth (345.7% YoY) despite a recent pullback, and Alphabet's strong earnings beat. The article also promotes a separate list of top 10 AI stocks from an analyst who called NVIDIA in 2010.

1 reports · 1 sources · Updated Jul 20, 04:30 PM UTC

A Salesforce VP argues that enterprises are wasting 5-10 times more tokens than necessary due to architectural inefficiencies, not just model costs. The article identifies five key failure points in the AI pipeline: context bloat, ungoverned data access, using the wrong model, lack of persistent memory, and single-use semantics. It advocates for an architectural foundation that optimizes token usage through master data management, data governance, cost-routing models, structured memory, and caching. The piece concludes that token efficiency will become a competitive advantage as enterprises shift from maximalist AI adoption to cost-controlled, impactful outcomes.

1 reports · 1 sources · Updated Jul 20, 02:00 PM UTC

Cynthia Everett, a New York ride-hailing customer, noticed that Lyft consistently quoted her higher fares than her boyfriend for identical trips, despite her being a frequent rider with a 4.9-star rating and a connected DoorDash account. For example, a ride she requested cost $45, while her boyfriend was quoted $24 for the same route. Frustrated by what she sees as penalization for loyalty, Everett has reduced her Lyft usage and increased reliance on public transportation, even at night. The article references a Consumer Reports investigation that found wide price variation on Uber and Lyft, though both companies argued that comparing different users' rides is not valid. Lyft did not respond to a request for comment. Everett calls for regulatory action similar to efforts to stabilize supermarket prices in New York.

1 reports · 1 sources · Updated Jul 19, 11:19 AM UTC

Billionaire investor Bill Ackman's Pershing Square Capital Management runs a highly concentrated portfolio of just 11 U.S. stock positions worth $13.7 billion as of March 31, 2026. The top five holdings account for about 78% of the portfolio. Ackman's three largest bets are Brookfield (17.6% of portfolio), a Canadian investment giant in infrastructure and asset management; Amazon (17.4%), benefiting from strong AWS growth and AI demand; and Uber Technologies (15.7%), which is growing revenue and free cash flow while partnering on autonomous vehicle services. The article highlights Ackman's value-oriented strategy and the performance metrics supporting each investment.

1 reports · 1 sources · Updated Jul 19, 09:07 AM UTC

Uber Technologies Inc. has agreed to acquire German food delivery platform Delivery Hero SE in a deal valued at $14.8 billion, paying €41.5 per share ($47.61). The acquisition will allow Uber to double the number of markets where it offers both mobility and delivery services, according to CEO Dara Khosrowshahi. As part of the deal, Delivery Hero will sell its Turkish platform Yemeksepeti and foodora in Austria and other markets to investment firm SSW Partners for approximately $1.6 billion, covering 14 markets where Uber Eats and Delivery Hero overlap. Uber has committed to no workforce changes at Delivery Hero's Germany headquarters until 2029 and plans a $2.3 billion investment in Germany over five years. The companies had previously paused operations in five European markets to address antitrust concerns.

1 reports · 1 sources · Updated Jul 18, 06:01 PM UTC