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Co-founder and former Uber Technologies Inc. CEO Travis Kalanick has said that he does not have any regrets about the ride-hailing giant’s failed bid to acquire rival Lyft Inc. in 2014. Lyft’s Culture Was Very Different In an interview released...
Find insight on Uber, HMM, Volvo and more in the latest Market Talks covering the auto and transport sector.
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.
Pony AI (NASDAQ:PONY) reported second-quarter 2026 revenue of $36.2 million, up 69% from $21.5 million a year earlier, as growth in its robotaxi business accelerated and its fleet expanded to approximately 2,000 vehicles. Chairman and CEO James Peng said robotaxi revenue rose 691% year over year to
Baidu (NASDAQ:BIDU) said its AI-powered businesses accounted for half of its general business revenue in the second quarter of 2026, as the company reported rapid growth in AI cloud infrastructure and outlined continued investment in chips, models, applications and autonomous driving. Total revenue
Publicis Sports is teaming up with Kansas City Chiefs tight end Travis Kelce to tackle the Wild West of college athlete endorsements. The Publicis Groupe unit today announced Tekta, a name, image and likeness business to help brands select, structure and measure partnerships with student athletes and schools. Kelce will serve as an adviser, while the talent management firm that represents him, 3 Arts Sports, steps in as strategic operating partner.
Houthi militants are ramping up attacks along Yemen’s Red Sea coast, shutting operations at a strategic seaport and pushing closer to the Bab al-Mandeb, a critical shipping chokepoint, The Wall Street Journal’s Jared Malsin and Saleh al-Batati write. The militant group’s recent missile and drone attacks forced the closure of the port of Mokha, a key logistics hub for civilian shipping and for anti-Houthi forces operating along the coast, Yemeni authorities said. Shutting down the port makes it harder for the anti-Houthi forces to resupply and resist Houthi attacks.
Chinese autonomous driving company Pony.ai has a pipeline of planned and potential overseas robotaxi deployments of more than 4,000 vehicles, it said on Tuesday, as it seeks to accelerate its expansion beyond China. Autonomous driving firms are racing to commercialise robotaxi services overseas. As the technology matures and domestic competition intensifies, they are seeking new revenue streams and partnerships in markets including the Middle East, Asia and Europe.
Aug 17 (Reuters) - Uber Technologies and Zipline announced a partnership on Monday to bring autonomous drone delivery to Uber Eats customers across the United States.
Uber Technologies and Zipline announced a partnership on Monday to bring autonomous drone delivery to Uber Eats customers across the United States. The tie-up was accompanied by Uber making a strategic investment in the drone delivery company. • Uber declined to comment on Reuters' request seeking financial details of its investment in Zipline.
Uber is teaming up with drone startup Zipline to take its delivery service to the skies, a move aimed at winning customers demanding ever-quicker turnaround times for takeout, grocery and retail orders.
Serve Robotics said on Monday it is partnering with Grubhub to fulfill orders on the food delivery platform using its sidewalk delivery robots, tapping a new marketplace days after its years-long tie-up with Uber Eats fell through. The San Francisco-based robotics company, known for its boxy, four-wheeled robots delivering Uber Eats and DoorDash orders, said its tie-up with Grubhub will initially launch in Chicago, Los Angeles and Alexandria. The partnership comes as Serve is set to lose its Uber delivery alliance early next year.
Most corporate promises are really promises about capacity. Someone announces a number, and the rest of us quietly assume the machinery behind it already exists. Europe has spent the better part of a decade refusing to make that assumption. National traffic laws across the bloc still contemplate a ...
Companies try to get deals done while regulators allow them. But are buyouts always a good idea?
BEIJING, Aug 14 (Reuters) - Chinese autonomous driving firm Pony.ai announced on Friday plans to deploy more than 2,000 robotaxis in Europe under an expanded partnership with Uber.
Gross bookings hit $58 billion as autonomous vehicle ambitions accelerate.
Uber Freight is investigating a data security incident involving unauthorized access to a portion of its systems and repositories, a company spokesperson said on Tuesday. There has been "no impact to Uber Freight's business operations, which continue in the normal course without disruption," spokesperson Sam Hallock said. "Our systems are secure and fully operational."
Hertz stock is surging again, and retail traders are going all-in with life savings on the line, but a wall of lawsuits, a stretched balance sheet, and no support from peers raises a pointed question about who exactly is driving this trade.
(Bloomberg) -- Uber Technologies Inc. has divested from long-time partner Serve Robotics Inc. as the two companies clash over how to deploy delivery robots, the latest setback in Uber’s push to facilitate autonomous services on its platform.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Ho
Uber Technologies (NYSE:UBER) said second-quarter gross bookings rose 22% year over year to more than $58 billion, exceeding the high end of its guidance range and marking its fourth consecutive quarter of growth above 20%. Chief Executive Officer Dara Khosrowshahi said the company also produced 35%
Instacart's Q2 revenue beat, GTV gains and ad growth highlight momentum as AI, enterprise expansion and strong outlook shape its strategy.
The S&P 500 Index ($SPX ) (SPY ) today is up +0.37%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.89%. September E-mini S&P futures (ESU26 ) are up +0.44%, and September E-mini Nasdaq futures...
Serve Robotics (NASDAQ:SERV) reported second-quarter revenue growth but sharply reduced its full-year outlook after delivery volume through Uber declined for the first time in 17 quarters, prompting the company to reassess the future of the partnership and redirect resources toward other channels.
Per capita GDP and gig employment — but not total employment — grew in the regions where these services launched in the 2010s, the study found.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) saw its price target lowered to $101 from $103 by Bank of America, which maintained a ‘Buy’ rating following the company’s second quarter results, with the analysts citing a lower valuation multiple despite raising their earnings estimates. Shares...
Expedia Group (NASDAQ:EXPE) reported second-quarter results above the high end of its outlook, citing healthy consumer travel demand, continued momentum in its business-to-business segment and improved marketing efficiency. The company also raised its full-year guidance for gross bookings, revenue a
Moby summary of Uber Technologies, Inc.'s Q2 2026 earnings call
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