Founded in 2009, Uber Technologies, Inc. is a San Francisco, California-based transportation networking company that offers a ride-hailing service. It also has a food order and delivery business called Uber Eats, and a freight transportation business called Uber Freight.
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WeRide Launches First Autonomous Streetsweepers in Singapore's Smart Sanitation Initiative
WeRide has launched its autonomous streetsweepers, the Robosweeper S6 and S1, in Singapore, marking the country's first commercialized autonomous sanitation project. This initiative, developed in partnership with Chye Thiam Maintenance, showcases WeRide's rapid execution and commitment to sustainable urban living through fully electric vehicles that enhance sanitation efficiency. Following its recent IPO, WeRide continues to expand its autonomous services, including plans for a Robobus service in France and partnerships with Uber in the UAE.
Uber and WeRide Launch First Robotaxi Service in Abu Dhabi
Uber and WeRide have launched robotaxis in Abu Dhabi, marking the first deployment of autonomous vehicles on the Uber platform outside the U.S. and the largest commercial robotaxi service outside the U.S. and China. Initially, human safety operators will monitor the vehicles, with plans to remove them by 2025. The partnership emphasizes passenger and pedestrian safety, leveraging WeRide's extensive operational experience in autonomous driving.
Mexico's Labor Reform for App Drivers Set for Fast-Track Approval
Mexico's labor reform for app drivers is set to advance quickly through the legislature, with a proposal from President Claudia Sheinbaum aiming to ensure public health access and job injury insurance for drivers earning minimum wage or more. The ruling Morena party, holding a majority, plans to push the bill through both chambers before Congress adjourns for the holidays on December 15. Concerns remain regarding the tax implications of the reform, as the government seeks to enhance living conditions for delivery workers.
David O Sacks Appointed White House AI and Crypto Czar by Trump
Donald Trump has announced the appointment of David O. Sacks as the White House A.I. and Crypto Czar, emphasizing his focus on innovation and thoughtful regulation in these critical tech sectors. Sacks, a venture capitalist and former PayPal executive, is expected to advocate for startups while steering clear of broad regulations, aiming to enhance American competitiveness and safeguard free speech online. His close ties to far-right Republicans and support for Trump signal a strategic alignment with the administration's goals in technology policy.
Uber Partners with WeRide to Launch Robotaxi Service in Abu Dhabi
Uber has partnered with China's WeRide to launch a robotaxi service in Abu Dhabi, starting with human drivers in the vehicles for safety. The service will operate between Saadiyat Island and Yas Island, with plans for fully driverless rides by 2025. WeRide, a Nasdaq-listed company, is also involved in autonomous vehicle testing in multiple global locations.
Waymo Plans Robotaxi Service Launch in Miami by 2026
Waymo plans to expand its robotaxi service to Miami, starting with human safety drivers in 2025 and launching the service via the Waymo One app in 2026. This move reflects the company's confidence in operating in challenging weather conditions, building on previous tests in the city. With a recent $5.6 billion funding round, Waymo continues to grow its operations, now offering over 150,000 paid rides weekly across major U.S. cities.
Dynamic Pricing Sparks Controversy Among Concert Fans in 2024
Dynamic pricing in live event ticketing has sparked controversy, with consumers often paying significantly more than face value, especially for popular concerts. Despite complaints, many younger adults are willing to incur debt for these experiences, reflecting a post-pandemic "YOLO" mentality. While artists like Taylor Swift have opted out of dynamic pricing, the practice remains prevalent, driven by high demand and the need for revenue in a changing music industry.
Uber introduces subscription service Uber One for Indian users
Uber has launched 'Uber One', a subscription plan for Indian users, offering monthly, quarterly, and annual options priced at Rs 149, Rs 349, and Rs 1,499, respectively. This initiative aims to attract consumers in a competitive ride-hailing market, following its success in other countries. Globally, Uber boasts over 25 million Uber One members.
Tom Lee's Bold Predictions Shape ETF Era Investment Strategies
Tom Lee, the chief investment officer at Fundstrat Capital, is known for his bold market predictions, including a S&P 500 target of 15,000 and Bitcoin reaching $10 million. His confident and unapologetic stance has garnered a significant following among retail investors in today's speculative market environment.
investing in artificial intelligence stocks opportunities and challenges ahead
BrainChip focuses on neuromorphic processors for energy-efficient AI applications. While Germany has promising AI start-ups, few are publicly listed, and major companies like Porsche and SAP are investing in AI technologies. Global IT spending is projected to reach $5.74 trillion by 2025, with significant advancements from tech giants like Microsoft, Google, and Amazon driving the AI market forward.