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Uber

All articles tagged with #uber

AI Token Spending Sparks ROI Debate Across Silicon Valley
technology2 days ago

AI Token Spending Sparks ROI Debate Across Silicon Valley

A viral remark by Uber COO Andrew Macdonald about AI token usage not clearly delivering productivity gains has intensified Silicon Valley’s backlash against tokenmaxxing. As major firms push AI internally, reports show ballooning budgets and unclear ROI, with Google CEO Sundar Pichai warning about rising costs. While some defend tokenmaxxing as a necessary phase, others urge tying spending to concrete metrics rather than token counts; Jellyfish’s study suggests top token users don’t proportionally outperform peers, underscoring calls for better cost controls. Investors are divided, from caution about an AI bubble to defenders like Garry Tan, reflecting a wider debate over AI’s financial sustainability and real-world impact.

Uber weighs AI ROI as returns remain murky
transportation4 days ago

Uber weighs AI ROI as returns remain murky

Uber says it exhausted its 2026 AI budget and questions whether AI investments are delivering meaningful feature improvements, noting there’s no clear link between rising token usage for Claude Code and more useful consumer features. The company spent about $3.4 billion on R&D in 2025 and has signaled it will offset AI costs by hiring fewer human workers, highlighting the challenge of justifying AI spend without a clear productivity payoff.

Uber Gains After Q1 Beat, Bookings Jump as Robo-Taxi Push Looms
business23 days ago

Uber Gains After Q1 Beat, Bookings Jump as Robo-Taxi Push Looms

Uber beat expectations with Q1 adjusted earnings of 72 cents per share (vs. 69 cents expected) on revenue of $13.2 billion, which rose 10% in constant currency but fell short of a $13.3 billion estimate. Gross bookings jumped 21% to $53.7 billion, driven by 20% ride-hailing growth and 23% delivery growth. For Q2, Uber guided to 78–82 cents in adjusted EPS and gross bookings of $56.25–$57.75 billion. The stock rose about 7.8% after the report as investors weigh Uber’s solid core growth against its longer-term AV and robo-taxi bets, including partnerships with Rivian and Zoox, and expansion plans to 15 markets by 2026.

Uber Q1: Bookings Beat as AI and AV Bets Shape Long-Term Growth
business24 days ago

Uber Q1: Bookings Beat as AI and AV Bets Shape Long-Term Growth

Uber posted a 14% Q1 revenue increase to $13.2B, missing analysts’ top-line and non-GAAP EPS expectations, but gross bookings surged 25% to $53.7B and Q2 bookings guidance of $56.25B–$57.75B topped forecasts. Net income was pressured by a $1.5B pre-tax hit from revaluing equity stakes in Didi and Grab, leaving reported net income at $263M (vs. $1.78B a year ago) and non-GAAP EPS at 72c. Delivery revenue jumped 34% to $5.07B, outpacing estimates, while mobility revenue rose 5% to $6.8B and missed StreetAccount’s forecast. Uber maintains a bold AV strategy with partnerships (Waabi, Wayve, Rivian, Nuro, and Waymo) and aims for Waymo services in 15 cities by 2026, while expanding AI usage across engineering (95% of engineers using AI tools; >10% of code generated by AI). The company also noted healthier consumer spending and driver support measures amid higher fuel prices, with shares rallying about 8%.

Rivian's 5-Year Upswing Hinges on R2 Success and Full Autonomy
business1 month ago

Rivian's 5-Year Upswing Hinges on R2 Success and Full Autonomy

Rivian could rebound and rally by 2031 if it (1) captures a meaningful share of the midsize SUV market with the lower-priced R2, and (2) achieves Level 4 autonomy in time to fulfill Uber’s deal for 10,000 autonomous R2s (with potential expansion and substantial investment). If either condition stall, Rivian remains a high-risk stock amid competition from Tesla and execution hurdles.

Uber Bets on Luxury Travel with Blacklane Acquisition
business2 months ago

Uber Bets on Luxury Travel with Blacklane Acquisition

Uber will acquire Blacklane to expand into luxury and executive travel, leveraging Blacklane’s global chauffeur network in 500+ cities across 60+ countries and integrating with Uber Elite. The deal is expected to close by year-end 2026, pending regulatory approvals and customary closing conditions, and aims to accelerate Uber’s premium mobility strategy.

Uber Expands Luxury Ride-Hailing by Buying Blacklane
technology2 months ago

Uber Expands Luxury Ride-Hailing by Buying Blacklane

Uber Technologies said it will acquire Blacklane to broaden its high-end chauffeur offerings for executives and wealthy clients, a deal expected to close by the end of 2026 with undisclosed financial terms. Blacklane operates in 500+ cities across 60+ countries, and the purchase is poised to bolster Uber Elite, the company's premium chauffeur option, amid growing competition in luxury ride-hailing.

Uber Bets on Luxury Mobility with Blacklane Acquisition
business2 months ago

Uber Bets on Luxury Mobility with Blacklane Acquisition

Uber and Blacklane have agreed for Uber to acquire the Berlin-based premium chauffeur service, expanding Uber’s luxury and executive travel offerings globally. The deal awaits regulatory approvals and is expected to close by the end of 2026, accelerating the integration of Blacklane’s concierge-style chauffeur network with Uber’s platform and advancing Uber Elite.

Uber bets on a multi-vendor robotaxi future to curb monopoly risk
business2 months ago

Uber bets on a multi-vendor robotaxi future to curb monopoly risk

Uber has expanded a broad slate of robotaxi partnerships with Zoox, Wayve-Nissan, Rivian and others to keep the market open and competitive by avoiding a single dominant supplier. Positioned as the demand aggregator, Uber aims to attract investment into a diversified ecosystem rather than chase one winner. While this could expand the overall ride-hailing market and give Uber more negotiating leverage, most partners have yet to deploy fully driverless paid services and cost/scale remain the main challenges.

Uber Footage in Nancy Guthrie Disappearance Leaves Case Open
celebrity2 months ago

Uber Footage in Nancy Guthrie Disappearance Leaves Case Open

Investigators say surveillance shows Nancy Guthrie in an Uber the day before she disappeared; the clip has been reviewed but yielded no actionable clues, and the Uber driver was interviewed. Authorities are also examining an empty neighborhood house as a potential base for suspects, with the FBI returning to questions in the case. No suspect has been identified, and the reward remains up to $1 million.

Uber bets big on Rivian autonomy with new $1.25B robotaxi deal
transportation2 months ago

Uber bets big on Rivian autonomy with new $1.25B robotaxi deal

Uber will invest $1.25 billion in Rivian through 2031 (with an initial $300 million) to deploy up to 50,000 autonomous Rivian R2 robotaxis, starting with 10,000 in San Francisco and Miami in 2028 and expanding to 25 more cities by 2031; the Rivian fleet will be exclusive to Uber’s app and contingent on hitting autonomy milestones and regulatory approval, as Rivian pursues Level 4 tech (with its own AI chips) that is still largely unproven.

Uber bets big on Rivian robotaxis, targeting 50,000 autonomous EVs by 2031
business2 months ago

Uber bets big on Rivian robotaxis, targeting 50,000 autonomous EVs by 2031

Uber will invest up to $1.25 billion in Rivian to deploy up to 50,000 robotaxis through 2031, starting with a $300 million initial investment after signing and regulatory approval. The deal envisions 10,000 autonomous Rivian R2s, with an option for up to 40,000 more from 2030, rolled out across 25 cities in the U.S., Canada, and Europe, beginning in 2028 with San Francisco and Miami. Uber’s platform would host these robotaxis exclusively in the first markets; Rivian’s tech stack and vertical integration underpin the plan, which follows other mobility investments and signals a push into the anticipated robotaxi market. Licensing fees for the software are part of the agreement.