Browsing: Uber

Uber CEO warns of Amazon-style losses

Speaking at a conference in San Francisco, Uber Technologies CEO Dara Khosrowshahi has rattled through the company’s ambitions: food delivery, freight, autonomous vehicles and even buses and bikes. Ultimately, Uber’s

Uber reports $4.5bn loss

Uber Technologies had a painful 2017, but the business managed to grow. Adjusted net revenue last quarter increased 61% to $2.2bn from the same period in 2016. Meanwhile, the total value of fares grew to $11bn that quarter

VW, Uber to deploy Nvidia’s self-driving tech

Nvidia, trying to spread its industry-leading graphics chip technology into new areas, has said Uber Technologies and Volkswagen will use its artificial intelligence expertise to help bring self-driving cars to the roads. Uber

Uber rival, China’s Didi, eyes global stage

Didi Chuxing has scored another investment from SoftBank Group in a massive funding round that will bankroll the Chinese ride-hailing leader’s exploration of new markets and technologies. Didi said it’s secured

Uber faces wide probe into hacking cover-up

Uber Technologies faces privacy probes across the European Union from regulators who vowed to look into the huge data breach that the company hid for more than a year after hackers stole vast amounts of personal data about customers

Ride-hailing boom is bad news for car makers

Ride-hailing companies like Uber Technologies will see demand boom between now and 2040, hobbling global auto sales growth, according to a new study from IHS Markit. As a growing number of consumers turn to ride-hailing

Keeping your Uber driver waiting? Then pay up

If you keep your Uber driver waiting, you’ll now have to cough up for the privilege. Uber South Africa said on Monday that it is introducing a feature called “paid wait time”, meant to maximise productivity for

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