In Q2 2023, Uber made a GAAP operating profit for the first time. Go to Source
Tag: Uber
Teens Hacked Boston Subway’s CharlieCard to Get Infinite Free Rides—and This Time Nobody Got Sued
In working with Rauch, the MBTA had created a vulnerability disclosure program to cooperate with friendly hackers who agreed to share cybersecurity vulnerabilities they found. The teens say they were invited to a meeting at the MBTA that included no fewer than 12 of the agency’s executives, all of whom seemed grateful for their willingness… Continue reading Teens Hacked Boston Subway’s CharlieCard to Get Infinite Free Rides—and This Time Nobody Got Sued
Lawsuit alleges hybrid Escape, Maverick and Lincoln Corsair are prone to spontaneous fire
Six Ford customers allege “a dangerous defect” that has led to spontaneous explosive fires in certain hybrid vehicles built by Ford Motor Co. and puts thousands more vehicles at risk, according to a 124-page lawsuit filed this week by Seattle-based consumer law firm Hagens Berman. The lawsuit, filed Tuesday in Detroit at the U.S. District… Continue reading Lawsuit alleges hybrid Escape, Maverick and Lincoln Corsair are prone to spontaneous fire
Lyft takes a page from Uber’s playbook: Ads
Ride-hailing giant Lyft will start displaying ads in-app, as well as via in-car tablets, rooftops and bikeshare stations. “Lyft has a captive audience throughout their entire ride journey – waiting for their car, matching with their driver, and in ride – and brands can now reach riders in relevant and tailored ways across our suite… Continue reading Lyft takes a page from Uber’s playbook: Ads
Serve Robotics Raises $30M Financing
Serve Robotics food delivery robot Serve Robotics, a San Francisco, CA-based autonomous sidewalk delivery company, raised $30M in funding. The round, which brought the total amount to $56M, was led by existing investors Uber Technologies, NVIDIA (NASDAQ: NVDA), and Wavemaker Partners, with participation from new investors Mark Tompkins and Republic Deal Room. Uber Vice President of Delivery and Head of Americas, Sarfraz Maredia… Continue reading Serve Robotics Raises $30M Financing
Uber, Nvidia-backed delivery robot startup Serve Robotics to go public
Serve Robotics, the autonomous sidewalk delivery robot startup that spun out of Uber’s acquisition of Postmates, is going public via a reverse merger with a blank check company. The reverse merger with Patricia Acquisition Corp was completed this month, according to regulatory filings. Ahead of the merger, Serve raised $30 million in a round led… Continue reading Uber, Nvidia-backed delivery robot startup Serve Robotics to go public
California agency to vote on San Francisco robotaxi expansion amid heavy opposition
The CPUC on Tuesday heard testimony from the San Francisco Municipal Transportation Agency that it had logged close to 600 incidents involving autonomous vehicles since spring of 2022 and that they believe that is “a fraction” of the total due to what they say are lax reporting requirements. Amid strenuous pushback from San Francisco officials… Continue reading California agency to vote on San Francisco robotaxi expansion amid heavy opposition
Serve Robotics Inc. Announces Go-Public Transaction and $30 Million Financing to Support Scaling of Robotic Delivery
New Financing brings total capital raised to $56 million since starting in 2021 Participation from strategic investors, including Uber Technologies, Inc. (“Uber”) and NVIDIA, will support deployment of up to 2,000 new AI-powered sidewalk delivery robots SAN FRANCISCO, Aug. 10, 2023 /PRNewswire/ — Serve Robotics, Inc. (“the Company” or “Serve”), the leading autonomous sidewalk delivery company,… Continue reading Serve Robotics Inc. Announces Go-Public Transaction and $30 Million Financing to Support Scaling of Robotic Delivery
High prices for new cars slowing, discounts rising for most
Car buyers are getting a respite in terms of rising prices on new vehicles. On Wednesday, Kelley Blue Book released July pricing data that showed the smallest year-over-year price increase in the last decade, prompting Research Manager Rebecca Rydzewski to write, “New-vehicle price inflation has all but disappeared in 2023.” According to Kelley Blue book… Continue reading High prices for new cars slowing, discounts rising for most
10 Best Deals: Patagonia Sale, Cycling Accessories, and Camp Gear
August is that time of year when folks start appraising how they spent their summers. Was it time well spent, or did most of it go by with you looking out the window? If you’re more of the latter—or if you just can’t get enough of warm evenings outside and backcountry excursions—don’t despair at the… Continue reading 10 Best Deals: Patagonia Sale, Cycling Accessories, and Camp Gear