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Uber Technologies Inc

All articles tagged with #uber technologies inc

business11 days ago•3 min saved

Uber slashes 3,300 jobs to fuel its robotaxi push

Uber is cutting about 3,300 jobs—roughly 10% of its global workforce—in a broad restructuring to simplify the business and free resources for its robotaxi expansion, while mandating most remote staff return to the office three days a week. The move comes amid competition from Waymo and ongoing pressure in Uber Eats against DoorDash, and Uber is committing over $10 billion to autonomous-vehicle development with plans to operate robotaxis in at least 15 cities this year, alongside the Delivery Hero acquisition.

via Financial Times|

#autonomous-vehicles #business #job-cuts

technology1 month ago•5 min saved

Waymo mulls cut from Uber as robotaxi tensions surge

Alphabet’s Waymo is exploring an exit from its Uber partnership amid a fierce robotaxi lobbying battle and mounting tensions over rollout strategies. Waymo plans to operate in Austin and Atlanta independently from January 2028 when contracts permit, while Uber says it will continue to offer Waymo services through May 2028. Waymo runs about 3,800 vehicles across ten cities and recently raised $16 billion at a $126 billion valuation to fund expansion, intensifying the split’s potential impact on Uber’s autonomous ambitions as both sides push for favorable regulation and control over co-operated markets amid disputes over service quality, routing, and costs.

via Financial Times|

#autonomous-vehicles #partnerships #robotaxis

business3 months ago•4 min saved

Uber mulls loftier bid for Delivery Hero after €11.5bn approach rebuffed

Uber is weighing a higher bid for Delivery Hero after a major shareholder rebuffed an indicative €38-per-share offer (following an earlier €33-per-share bid that valued the group above €10bn). Some Delivery Hero shareholders are said to want more than €40 per share (about €13bn total). Rival DoorDash is circling as the market consolidates, and Uber is exploring options to push its indirect stake above 30% via derivatives with Morgan Stanley advising. Delivery Hero’s board is considering a full sale or spin-offs of certain divisions, while activist Aspex and Prosus hold stakes; founder Niklas Östberg has signaled he will depart by 2027, with regulatory scrutiny anticipated.

via Financial Times|

#business #delivery-hero #food-delivery

technology5 months ago•4 min saved

Uber bets big on robotaxi hope as rivals scale up

Uber is pushing to stay competitive in the robotaxi race as Waymo scales up, expanding Nvidia partnerships, investing in Rivian and buying Rivian SUVs for its fleet, aiming to accelerate its own driverless operations while mass adoption remains slow; the outcome could hinge on regulatory, cost and trust hurdles, with competition potentially consolidating around large tech groups.

via Financial Times|

#autonomous-vehicles #nvidia #rivian-automotive-inc

technology5 months ago•4 min saved

Uber bets on Rivian robotaxis in a $1.25 billion push to autonomous fleets

Uber will invest up to $1.25 billion in Rivian and order up to 50,000 autonomous Rivian vehicles, starting with 10,000 robotaxi versions of the R2. An initial $300 million is committed now, rising to $1.25 billion by 2031 if milestones are met. The vehicles will begin unsupervised service in San Francisco and Miami by 2028, expanding to 25 cities in the US, Canada and Europe by 2031. Uber, shifting away from in-house self-driving tech, positions itself as a fleet intermediary to manage robotaxi platforms amid intense competition from Zoox, Waymo, Baidu, and Tesla.

via Financial Times|

#autonomous-vehicles #driverless-vehicles #mergers-and-acquisitions

technology6 months ago•4 min saved

Uber bets on monetizing robotaxis with new Autonomous Solutions unit

Uber launches the Uber Autonomous Solutions unit to commercialise autonomous-vehicle tech by offering insurance, roadside assistance, AV mission-control software and fleet financing to robotaxi partners, while providing mapping/data services and pursuing partnerships with Waymo, Baidu and Waabi, with plans to deploy AVs in 15 cities by 2026 and lift investor confidence in commercialization.

via Financial Times|

#autonomous-vehicles #baidu #robotaxi