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Bloomberg13d agoneutral
NJ Transit Avoids World Cup Meltdown After Pouring in Millions

(Bloomberg) -- New Jersey Transit, the much-maligned rail system linking the state with New York City, emerged as a surprise winner in this year’s FIFA World Cup. But it came at a significant cost. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending

Uber, Lyft win court block on NYC law requiring notice before firing drivers
Reuters14d agoneutral
Uber, Lyft win court block on NYC law requiring notice before firing drivers

July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps ‌without advance notice, ruling that the novel law is unconstitutional. District Judge Gregory ‌Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits ​a small fraction of drivers while interfering with the ride-hailing companies' right to police the safety of their platforms.

Investing.com18d agoneutral
Does ‘token shock’ hurt AI adoption?

Investing.com -- Rising consumption costs could slow enterprise adoption of generative and agentic artificial intelligence, as companies struggle to match growing token usage with measurable returns, Bernstein said in an analyst report.

Factbox-How Uber, Delivery Hero and rivals stack up in global food delivery
Reuters20d agoneutral
Factbox-How Uber, Delivery Hero and rivals stack up in global food delivery

July 16 - Uber will buy Delivery Hero in a deal valuing ‌the German firm at $14.8 billion ‌to create the largest food-delivery group outside China ​and stave off intensifying competition. The transaction continues a consolidation spurred by a slowdown in orders from the pandemic peaks as ‌well as ⁠pressure to improve margins. Here are details on how the food-delivery companies ⁠stack up globally: Company Region Revenue Employees Market Notes cap DoorDash USA/Global $13.71 billion 31,400 $82.86 Purchased in fiscal 2025 employees billio Deliveroo for worldwide, n $3.9 billion as of in 2025 December 31, 2025 Meituan China 364.85 billion 111,298 $68.70 About ​3.3% yuan ($53.91 full-time billio o...

Uber launches $14.8 billion offer for Delivery Hero to create global platform
Reuters20d agoneutral
Uber launches $14.8 billion offer for Delivery Hero to create global platform

Uber on Thursday launched a public takeover offer for Delivery Hero that values the German food delivery company at $14.8 billion and would create the world's ‌largest food-delivery firm outside China. The acquisition advances the U.S. ride-hailing firm's efforts to build a global ‌presence in the food-delivery business as it faces intensifying competition from rivals such as DoorDash, which has been expanding aggressively abroad. Uber, which has made the acquisition conditional on a minimum acceptance threshold of 50% plus one share, will offer €41.50 ($47.58) in cash per share.

Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
Reuters20d agoneutral
Uber nears €12.5bn deal to acquire Delivery Hero, FT reports

Uber is set to take over Delivery Hero in a deal valuing the German food ‌delivery company at about €12.5 billion ($14.34 billion), the Financial ‌Times reported on Wednesday. Delivery Hero confirmed it was in advanced negotiations with Uber ​regarding a potential takeover offer on Tuesday. • Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would expand the Uber Eats ‌food-delivery network in ⁠Europe, the Middle East, Asia and Latin America.

Delivery Hero confirms advanced negotiations with Uber over potential takeover offer
Reuters21d agoneutral
Delivery Hero confirms advanced negotiations with Uber over potential takeover offer

Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media ‌reports that the U.S. ride-hailing and food-delivery company is pursuing the German ‌group. The statement followed a Bloomberg News report that Uber was in advanced talks to acquire Delivery Hero ​and could reach an agreement as soon as this week. The report said a deal would likely value Delivery Hero at well above its recent trading price of around 36 euros per share.

Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports
Reuters22d agoneutral
Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports

Uber Technologies is in advanced talks to acquire ‌German food-delivery company Delivery Hero, ‌Bloomberg News reported on Tuesday, citing people familiar ​with the matter. The ride-hailing company aims to reach an agreement with Delivery Hero as soon as this week, ‌the report ⁠said. A transaction would likely value Delivery Hero at well above ⁠its recent trading price of around €36 ($41.23) per share, according to Bloomberg.

Bloomberg22d agoneutral
Uber Is Said to Be In Advanced Talks on Delivery Hero Takeover

(Bloomberg) -- Ride-hailing giant Uber Technologies Inc. is in advanced talks to acquire German food-delivery company Delivery Hero SE, people familiar with the matter said.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkUS CPI Falls for the First Time Since 2020, Core Gauge FlatDisney Exiting Streaming Could Spur 40% Rally: Wells FargoU

Pitchbook25d agoneutral
Apple sues OpenAI alleging trade secret theft

In a classic “Friday news dump,” Apple filed a federal lawsuit in California against OpenAI, accusing its once-partner of stealing some of its trade secrets. Specifically, it’s alleging that two of its former employees brought proprietary and confidential information about its hardware to OpenAI when they joined. The lawsuit calls to mind Waymo’s trade secret theft lawsuit against Uber, filed in 2017. Similarly, a well-established tech giant publicly accused a fast-ascending private company, loc

Bloomberg30d agoneutral
Self-Driving Startup Turing Gets AMD Backing, Adopts AMD GPUs

(Bloomberg) -- Self-driving tech developer Turing Inc. has added AMD Ventures to its list of backers and begun adopting Advanced Micro Devices Inc.'s AI accelerators in its systems.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil's Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So E

Bloomberg30d agoneutral
Self-Driving Startup Turing Gets AMD Backing, Adopts AMD GPUs

(Bloomberg) -- Self-driving tech developer Turing Inc. has added AMD Ventures to its list of backers and begun adopting Advanced Micro Devices Inc.’s AI accelerators in its systems.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So E

Wayve courts automakers with AI driving system that learns like humans
Reuters35d agoneutral
Wayve courts automakers with AI driving system that learns like humans

Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis ‌from Jeep maker Stellantis, to go on Uber's ride-hailing network.

Uber-backed Lime prices IPO at $25 per share, Bloomberg News reports
Reuters35d agoneutral
Uber-backed Lime prices IPO at $25 per share, Bloomberg News reports

Uber-backed Lime ‌has priced ‌its U.S. initial ​public offering at $25 per share, the midpoint ‌of ⁠the marketed range, Bloomberg ⁠News reported on Tuesday, ​citing ​a ​person familiar. Lime ‌did not immediately respond to a Reuters request for comment ‌outside ​regular ​business ​hours.