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UBER laid off nearly a quarter of its People and Places division. Here’s what these job cuts really mean for UBER shares.

The ride-hailing company made an unreported follow-on investment in Nuro larger than its first, with remaining funds tied to driverless testing and passenger milestones

Lucid Vehicles And Nuro Software Anchor Expansion Plan

Nuro, which counts Nvidia and SoftBank among its backers, is party to a three-way agreement with Uber and electric vehicle manufacturer Lucid.

Uber cuts 23% of its People division under new president Jill Hazelbaker, saying the layoffs are unrelated to AI.

The legendary abandons its more than 20 year tradition of keeping its funds to about $425 million.

Rivian Automotive Inc. (NASDAQ:RIVN) is one of the 10 Stocks With Remarkable Resilience. Shares in Rivian Automotive extended its winning streak to a 10th straight day on Wednesday, jumping 5.67 percent to close at $18.27 apiece, as investors resumed buying positions ahead of next week’s official launch of its R2 sports utility vehicle, supported by […]

Uber Technologies (NYSE:UBER) has imposed an internal cap on employee use of advanced AI tools after the company exceeded its annual AI budget within roughly four months. The move follows leadership comments questioning the direct business impact of current AI investments and their contribution to productivity. The restriction highlights both strong internal demand for generative AI and concerns about cost control and operational returns. For investors watching NYSE:UBER, the AI spending...

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Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the ‌extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has ​been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll ‌out 35,000 robotaxis using Lucid's Gravity ⁠SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.

The cuts, led by new president Jill Hazelbaker, affect recruitment and HR staff but represent less than 1% of Uber's 34,000 employees

According to Bloomberg, the cuts accounted for less than 1% of Uber’s 34,000 employees worldwide.

Uber shares rally on a robotaxi deal with Autobrains and Nvidia. Here’s why UBER stock remains attractive as a long-term holding in 2026.

UBER plans Spain's first commercial robotaxi pilot in Madrid with WeRide, scaling from operator-led rides to hundreds of vehicles and driverless service.

Uber Technologies, Inc. (NYSE:UBER) ranks among the best technology growth stocks to buy under $100. Following news of Uber Technologies, Inc. (NYSE:UBER)’s efforts to acquire Berlin-based food delivery platform Delivery Hero, DA Davidson reaffirmed its Buy rating and $107 price objective for the company on May 26. Analysts say Uber Technologies, Inc. (NYSE:UBER) sees a […]

When living in densely populated cities like New York, you learn quickly that anything you forget or leave behind on a park bench, in a subway car, or in a taxi is probably gone forever. Yes, there are plenty of good Samaritans around, but they are far outnumbered by the people who live by the ...

Even in a future of robot taxis, someone still has to return the things passengers leave behind.

President Donald Trump denied reports that communications between the United States and Iran had stalled, calling the claims “fake news.”

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sec

Business owners increasingly explore tax strategy as expanded rules fuel broader adoption.

In recent days, WeRide announced a partnership with Uber Technologies and AVOMO to launch Spain’s first commercial robotaxi pilot in Madrid, while Uber and Autobrains revealed a collaboration to roll out an autonomous ride‑hailing program in Munich using NVIDIA’s Level 4 platform. Together, these alliances push Uber deeper into asset-light autonomous mobility in Europe, tying its ride-hailing network to third-party self-driving technology and fleet partners across multiple cities. We’ll now...

Uber's cutback has occurred after the company had reportedly encouraged staff to use AI as much as possible.

Uber has implemented caps on employee usage of agentic artificial intelligence coding software like Anthropic’s Claude Code.

Investing.com -- Uber Technologies Inc. has introduced spending limits on artificial intelligence tools used by its employees to control costs, after the company blew past its AI budget set for the entire year, Bloomberg reported on Tuesday.

Serve Robotics, operator of a fleet of urban delivery robots, is expanding beyond food delivery to laundry delivery.

40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.

Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) jumped 5.2% in the afternoon session after the company announced a strategic partnership with Israeli AI firm Autobrains to launch a robotaxi program in Munich, Germany.

Nvidia (NasdaqGS:NVDA) announced the RTX Spark superchip platform for Windows PCs and the Vera CPU for data centers, expanding into CPU markets that have traditionally centered on other large chip suppliers. The company introduced open source physical AI tools and agentic AI platforms, including Agent Toolkit, Cosmos, Alpamayo, Isaac Groot for robotics, and Vera Rubin for AI factories. Nvidia also disclosed new partnerships with Microsoft, MediaTek, Dell, TSMC, Uber, VinFast, and Foxconn,...

An Alphabet Inc.-backed Waymo customer was reportedly asked by the Robotaxi operator to hail an Uber Technologies Inc. or a Lyft Inc. cab after the self-driving cab ended the ride early. Waymo Ends Ride Early Sam Schwartz, the customer cited...

Uber Technologies, Inc. (NYSE:UBER) is one of the 12 Stocks Most Bought by Hedge Funds in Q1 2026. On May 29, Citizens reaffirmed its Market Outperform rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $100 on the stock. The update followed an announcement from Waymo that it will soon start offering rides […]