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China's Pony.ai plans to deploy more than 4,000 robotaxis abroad
Reuters37d agoneutral
China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

Chinese autonomous driving company Pony.ai has a pipeline of planned and potential overseas robotaxi deployments of more than 4,000 vehicles, ‌it said on Tuesday, as it seeks to accelerate its expansion beyond ‌China. Autonomous driving firms are racing to commercialise robotaxi services overseas. As the technology matures and domestic competition intensifies, ​they are seeking new revenue streams and partnerships in markets including the Middle East, Asia and Europe.

Uber, Zipline partner on US drone delivery for Uber Eats
Reuters38d agoneutral
Uber, Zipline partner on US drone delivery for Uber Eats

Uber Technologies and Zipline announced a partnership on Monday to bring ‌autonomous drone delivery to Uber Eats ‌customers across the United States. The tie-up was accompanied by ​Uber making a strategic investment in the drone delivery company. • ​Uber declined ​to comment on Reuters' ​request seeking financial ‌details of its investment in Zipline.

Serve Robotics partners with Grubhub in robot delivery expansion push
Reuters38d agoneutral
Serve Robotics partners with Grubhub in robot delivery expansion push

Serve Robotics said on Monday it is partnering with Grubhub to fulfill orders on the food delivery ‌platform using its sidewalk delivery robots, tapping a new marketplace days after ‌its years-long tie-up with Uber Eats fell through. The San Francisco-based robotics company, known for its boxy, four-wheeled ​robots delivering Uber Eats and DoorDash orders, said its tie-up with Grubhub will initially launch in Chicago, Los Angeles and Alexandria. The partnership comes as Serve is set to lose its Uber delivery alliance early next year.

Uber is doubling down on robotaxis, with Chinese partner
TheStreet39d agoneutral
Uber is doubling down on robotaxis, with Chinese partner

Most corporate promises are really promises about capacity. Someone announces a number, and the rest of us quietly assume the machinery behind it already exists. Europe has spent the better part of a decade refusing to make that assumption. National traffic laws across the bloc still contemplate a ...

Uber Freight says its investigating cyber incident following hacker claims
Reuters44d agoneutral
Uber Freight says its investigating cyber incident following hacker claims

Uber Freight is investigating a data security incident involving unauthorized access to a portion of its systems ‌and repositories, a company spokesperson said on Tuesday. There has ‌been "no impact to Uber Freight's business operations, which continue in the normal course without ​disruption," spokesperson Sam Hallock said. "Our systems are secure and fully operational."

Bloomberg44d agoneutral
Uber Exits Serve Robotics Stake as Delivery Alliance Unravels

(Bloomberg) -- Uber Technologies Inc. has divested from long-time partner Serve Robotics Inc. as the two companies clash over how to deploy delivery robots, the latest setback in Uber’s push to facilitate autonomous services on its platform.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Ho

Uber Technologies Q2 Earnings Call Highlights
MarketBeat46d agoneutral
Uber Technologies Q2 Earnings Call Highlights

Uber Technologies (NYSE:UBER) said second-quarter gross bookings rose 22% year over year to more than $58 billion, exceeding the high end of its guidance range and marking its fourth consecutive quarter of growth above 20%. Chief Executive Officer Dara Khosrowshahi said the company also produced 35%

Serve Robotics Q2 Earnings Call Highlights
MarketBeat48d agoneutral
Serve Robotics Q2 Earnings Call Highlights

Serve Robotics (NASDAQ:SERV) reported second-quarter revenue growth but sharply reduced its full-year outlook after delivery volume through Uber declined for the first time in 17 quarters, prompting the company to reassess the future of the partnership and redirect resources toward other channels.

Expedia Group Q2 Earnings Call Highlights
MarketBeat49d agoneutral
Expedia Group Q2 Earnings Call Highlights

Expedia Group (NASDAQ:EXPE) reported second-quarter results above the high end of its outlook, citing healthy consumer travel demand, continued momentum in its business-to-business segment and improved marketing efficiency. The company also raised its full-year guidance for gross bookings, revenue a

Zoox's big bet on robotaxis starts in Las Vegas
Axios50d agoneutral
Zoox's big bet on robotaxis starts in Las Vegas

Amazon-owned Zoox is about to start scaling its robotaxi service after federal regulators last week cleared it to charge for rides in its driverless vehicles with no steering wheel or other human controls.

Uber Stock Falls After Softer Profit Outlook
The Wall Street Journal50d agobearish
Uber Stock Falls After Softer Profit Outlook

Shares of Uber Technologies fell 6% in midday trading Wednesday after the ride-hailing company issued a softer-than-expected outlook for the current quarter. Uber reported quarterly revenue of $14.19 billion, up 12% from a year earlier amid an increase in both rides and deliveries. For the current quarter, Uber forecast adjusted earnings of 84 cents to 88 cents a share, compared with analyst expectations of 87 cents a share.