Autonomous vehicle technology startup Argo AI is valued at $7.5 billion, just a little more than three years after the company burst on the scene with a $1 billion investment from Ford. The official valuation was confirmed Thursday nearly two months after VW Group finalized its $2.6 billion investment in Argo AI. Under that deal,… Continue reading Self-driving startup Argo AI hits $7.5 billion valuation
Tag: Uber
Lyft is expanding car rentals across the US as the coronavirus hobbles its core rides business (LYFT)
Lyft is expanding its car-rental option to the entire US, the company said Thursday. The coronavirus pandemic hobbled Lyft’s core taxi business, and its losses are expected to triple in the second quarter. The expansion is possible via a partnership with Sixt, a German rental company that’s aggressively expanding in the US despite a recession. … Continue reading Lyft is expanding car rentals across the US as the coronavirus hobbles its core rides business (LYFT)
Cloudbooking Secures Undisclosed Funding
Cloud Booking Limited, a London, UK-based workplace management software platform, raised an undisclosed amount. Caple made the investment. The company intends to use the funds to scale its platform. Led by Gerry Brennan, CEO, and founder, Cloudbooking provides a software-as-a-service workplace management software platform, enabling integration with core services such as M365, Microsoft Teams, GSuite… Continue reading Cloudbooking Secures Undisclosed Funding
Uber halts move to shift Asia HQ to HK, to extend stay in Singapore
Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least December 2022. The firm’s announcement comes after China enacted a national security law for Hong Kong, which has stirred worries over… Continue reading Uber halts move to shift Asia HQ to HK, to extend stay in Singapore
Uber halts move of APAC headquarters from Singapore to Hong Kong
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo SINGAPORE (Reuters) – Uber Technologies Inc said it will keep its Asia Pacific headquarters in Singapore at least until December 2022, pausing a potential plan to relocate to Hong Kong. The company… Continue reading Uber halts move of APAC headquarters from Singapore to Hong Kong
Transformation of traffic during the pandemic
Back to Normal? Cities Say, ‘No Thanks’ Just a few months ago, cities around the world were grappling with traffic and transit congestion that appeared to be out of control. New mobility options like ridesharing, e-scooters, and bikeshares took cities by surprise and flooded already crowded urban centers with more vehicles. London implemented a congestion tax… Continue reading Transformation of traffic during the pandemic
Hackers Broke Into Real News Sites to Plant Fake Stories
Over the past few years, online disinformation has taken evolutionary leaps forward, with the Internet Research Agency pumping out artificial outrage on social media and hackers leaking documents—both real and fabricated—to suit their narrative. More recently, Eastern Europe has faced a broad campaign that takes fake news ops to yet another level: hacking legitimate news… Continue reading Hackers Broke Into Real News Sites to Plant Fake Stories
I’m a New York City Uber driver. The pandemic shows that my industry needs fundamental change or drivers will never recover.
Rideshare drivers for Uber, Lyft, and others have been devastated during the COVID-19 pandemic. The shutdown, along with stay-at-home orders issued across the country, has slowed the for-hire vehicle business to a halt. Legislation known as “the Right to Bargain” could finally get drivers the support they need. Aziz Bah is an Uber and Lyft driver in New… Continue reading I’m a New York City Uber driver. The pandemic shows that my industry needs fundamental change or drivers will never recover.
New York must pay Uber and Lyft drivers unemployment benefits after an ‘inexcusable delay,’ a federal judge ruled (UBER, LYFT)
A federal judge in New York ruled Tuesday that the state must quickly pay unemployment benefits to Uber and Lyft drivers, earlier reported by The New York Times. Drivers and an advocacy group sued the state, saying it was taking too long to pay drivers, and Tuesday’s ruling requires the state to clear its backlog… Continue reading New York must pay Uber and Lyft drivers unemployment benefits after an ‘inexcusable delay,’ a federal judge ruled (UBER, LYFT)
Insiders describe the rise of PR wunderkind Jill Hazelbaker, who helped clean up Uber’s corporate crisis and became one of Silicon Valley’s most powerful execs
Jill Hazelbaker has gone from representing powerful political figures like John McCain and Michael Bloomberg to tech giants Google, Snap, and Uber. Hazelbaker’s path from politics to Silicon Valley is typical in PR, but her rapid rise has impressed the public relations industry. Business Insider spoke to 11 of her current and former colleagues and… Continue reading Insiders describe the rise of PR wunderkind Jill Hazelbaker, who helped clean up Uber’s corporate crisis and became one of Silicon Valley’s most powerful execs