SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and NVIDIA announced they are collaborating on new solutions to support the development of AI-powered autonomous driving technology. “Generative AI will power the future of mobility, requiring both rich data and very powerful compute,” said Dara Khosrowshahi, CEO of Uber. “By working with NVIDIA, we are confident that… Continue reading Uber: Uber Teams Up with NVIDIA to Accelerate Autonomous Mobility
Category: Mobility Companies
Uber: Uber Announces $1.5 Billion Accelerated Share Repurchase Program
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it has entered into an accelerated share repurchase (“ASR”) agreement with Bank of America, N.A. (the “dealer”) to repurchase $1.5 billion of shares of Uber common stock, as part of its previously announced $7.0 billion share repurchase authorization. “We are entering 2025 with considerable momentum… Continue reading Uber: Uber Announces $1.5 Billion Accelerated Share Repurchase Program
GroupM and GrabAds Unlock the Power of Geo-Based Audience Data in an Industry-First Partnership
The partnership will leverage GrabAds’ retail media ecosystem, including providing GroupM and its clients access to geo-based audience insights across Southeast Asia SINGAPORE, 10 DECEMBER 2024 – GrabAds, the advertising arm of leading superapp Grab, will expand its strategic partnership with GroupM, WPP’s media investment group, to help the latter’s clients unlock the power of… Continue reading GroupM and GrabAds Unlock the Power of Geo-Based Audience Data in an Industry-First Partnership
Uber: Uber and WeRide Launch Autonomous Mobility Service in Abu Dhabi
ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER), the world’s largest mobility and delivery technology platform, and WeRide (NASDAQ: WRD), the world’s first publicly listed Robotaxi company and a global leader in autonomous driving technology, have announced the launch of their ride-hailing partnership in Abu Dhabi. The launch represents the first time autonomous… Continue reading Uber: Uber and WeRide Launch Autonomous Mobility Service in Abu Dhabi
Uber: Uber CFO to Participate in Fireside Chat Hosted by Barclays
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that Prashanth Mahendra-Rajah, CFO, will participate in a fireside chat at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11. Mr. Mahendra-Rajah is scheduled to appear at 1:20pm PT (4:20pm ET). An audio webcast of the event will be available on the investor relations… Continue reading Uber: Uber CFO to Participate in Fireside Chat Hosted by Barclays
Grab Reports Third Quarter 2024 Results
Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 million On-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billion Profit for the quarter was positive at $15 million Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million Operating cash flow… Continue reading Grab Reports Third Quarter 2024 Results
Loqate partners with GrabMaps to enhance location data capabilities in Southeast Asia
The partnership accelerates Loqate’s expansion in Southeast Asia and enables businesses to improve data accuracy, ensure delivery success and provide exceptional customer experience with GrabMaps’ extensive location data Singapore, October 29, 2024 – Loqate, a GBG solution, the leader in global address verification, today announced a strategic partnership with GrabMaps. This collaboration will see Loqate integrating… Continue reading Loqate partners with GrabMaps to enhance location data capabilities in Southeast Asia
Uber: Uber Announces Date of Third Quarter 2024 Results Conference Call
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its third quarter 2024 financial results on Thursday, October 31st, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com.… Continue reading Uber: Uber Announces Date of Third Quarter 2024 Results Conference Call
Uber: Uber and Avride Announce Autonomous Delivery and Mobility Partnership
SAN FRANCISCO & AUSTIN, Texas–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Avride today announced a multiyear strategic partnership to bring Avride’s delivery robots and autonomous vehicles to Uber and Uber Eats. The delivery partnership will launch first with sidewalk robots on Uber Eats in Austin in the coming weeks, before expanding to Dallas and Jersey… Continue reading Uber: Uber and Avride Announce Autonomous Delivery and Mobility Partnership
Grab Commits S$4 Million Yearly to Upgraded GrabBenefits 2.0 Partner Welfare Programme in Singapore
GrabBenefits 2.0 is a comprehensive benefits programme that addresses top concerns of platform workers. GrabBenefits 2.0 provides more comprehensive benefits for platform workers, complementing the Platform Workers 2024 Act Expanded benefits include subsidised medical services, access to telemedicine services, and complimentary preventive health and wellness services Grab extends partnership with NTUC with 6-month sponsorship of… Continue reading Grab Commits S$4 Million Yearly to Upgraded GrabBenefits 2.0 Partner Welfare Programme in Singapore