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Serve Robotics erased its Grubhub rally in a single session after a shocking guidance cut spooked investors, but the company insists robot delivery demand is accelerating even as its biggest delivery partner quietly backs away.
Uber Technologies (NYSE:UBER) reported that its Uber Freight unit is investigating a cyber security incident involving unauthorized access to some internal systems and code repositories. The company indicated that Uber Freight operations have not been disrupted and that the incident has been contained, while it continues to assess data security implications. Separately, Uber confirmed it has sold its entire stake in Serve Robotics, the autonomous delivery company it originally spun...
The divesture comes as the two once-tight companies have started to diverge on the business side.
Can SERV turn AI, healthcare robotics and recurring revenues into lasting growth as it scales fleet productivity and expands the autonomous platform?
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