‘This is a combination of my 20-year career in AI as well as more than 10 years in self-driving’ Rebecca Bellan 9 hours Raquel Urtasun, the former chief scientist at Uber ATG, is the founder and CEO of Waabi, an autonomous vehicle startup that came out of stealth mode last week. The Toronto-based company, which… Continue reading Waabi’s Raquel Urtasun explains why it was the right time to launch an AV technology startup
Tag: Uber
What Makes Quantum Computing So Hard to Explain?
Quantum computers, you might have heard, are magical uber-machines that will soon cure cancer and global warming by trying all possible answers in different parallel universes. For 15 years, on my blog and elsewhere, I’ve railed against this cartoonish vision, trying to explain what I see as the subtler but ironically even more fascinating truth.… Continue reading What Makes Quantum Computing So Hard to Explain?
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi filed for an initial public offering on Thursday. The company plans to trade on either the New York Stock Exchange or Nasdaq. Why it matters: Valued at $62 billion, Didi is among the world’s five highest-valued unicorns. The company’s listing could be one of the biggest IPO this year. The Beijing-based… Continue reading Chinese ride-hailing giant Didi files for US IPO
The air taxi market prepares to take flight
Twelve years ago, Joby Aviation consisted of a team of seven engineers working out of founder JoeBen Bevirt’s ranch in the Santa Cruz mountains. Today, the startup has swelled to 800 people and a $6.6 billion valuation, ranking itself as the highest-valued electric vertical take-off and landing (eVTOL) company in the industry. As in any… Continue reading The air taxi market prepares to take flight
Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Recall that Didi has raised tens of billions worth of private capital from venture capitalists,… Continue reading Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Uber said it would help pay drivers’ healthcare — then withdrew the offer 2 weeks later, calling it a ‘mistake’
Uber retracted an offer to subsidize its US drivers’ healthcare costs, in an email shared on Twitter. Uber said it had made a “mistake” — the offer only applied to California-based drivers. The company said it would reimburse drivers for their first month’s premium if they had signed up. See more stories on Insider’s business… Continue reading Uber said it would help pay drivers’ healthcare — then withdrew the offer 2 weeks later, calling it a ‘mistake’
Archer Aviation reveals 2-seater demonstration aircraft, a “stepping stone” toward commercial operations
Archer Aviation unveiled its autonomous electric two-seater aircraft dubbed “Maker” on Thursday, which it will use for testing as it works towards certification of a larger piloted five-seater announced in March 2020. The aircraft unveiled on Thursday is not what would take to the skies should the company reach commercial operation in 2024. However, Archer’s… Continue reading Archer Aviation reveals 2-seater demonstration aircraft, a “stepping stone” toward commercial operations
Uber Offers Drivers Health Insurance, Then Says Oops Nevermind
What a fun reminder of the benefits Uber refuses to provide. Whoopsie-Daisy Uber just accidentally played a cruel bait-and-switch on a portion of its drivers by erroneously offering healthcare to drivers before yanking it away. The rideshare company refuses to provide healthcare benefits to its drivers outside of California, Motherboard reports, so it was probably… Continue reading Uber Offers Drivers Health Insurance, Then Says Oops Nevermind
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns… Continue reading SoftBank, Uber, Tencent set to reap rewards from Didi IPO
Pathrise Raises $9M in Series A Funding
Pathrise, a San Francisco, CA-based online mentorship and job placement platform for tech professionals, secured $9m in Series A Funding including $5.5m in new equity capital and $3.5m in venture debt. The round was led by Learn Capital and also included Western Technology Investment and Day One Ventures and existing investors K50 Ventures, Y Combinator, and GoAhead Ventures. Led by Kevin Wu, CEO and Co-Founder, Pathrise is an online… Continue reading Pathrise Raises $9M in Series A Funding