Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been laid off and as many as 10,000 Circ scooters have been sent to a third-party UAE-based company for recycling, according to multiple… Continue reading Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters
Tag: Uber
Toro Raises $4M in Seed Financing
Toro, a San Francisco, CA-based data quality monitoring solution provider, raised $4m in seed funding. The round was co-led by Costanoa Ventures and Point72 Ventures with participation from other backers, including former Head of Data at Uber, Jai Ranganathan, and head of machine learning platform for Uber’s self-driving arm, Yu Guo. The company plans to… Continue reading Toro Raises $4M in Seed Financing
Chilean regulator approves Uber’s purchase of Cornershop: statement
FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration SANTIAGO (Reuters) – Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to… Continue reading Chilean regulator approves Uber’s purchase of Cornershop: statement
@Toyota: Toyota Research Institute Launches Machine Assisted Cognition Programme
Machines can help Toyota make ever-better cars, but they could also have the potential to help people make better decisions. The Toyota Research Institute (TRI) is expanding its work with the launch of Machine Assisted Cognition (MAC), an initiative aimed at developing and demonstrating artificial intelligence tools that can understand and predict the way humans… Continue reading @Toyota: Toyota Research Institute Launches Machine Assisted Cognition Programme
SoftBank leads $500m funding in Chinese ride-hailer Didi
HONG KONG/TOKYO China’s largest ride-hailing company Didi Chuxing has raised $500 million for its autonomous driving subsidiary in a funding round led by SoftBank. The investment, the largest single funding round in China’s autonomous driving sector, marks Didi’s growing ambition in developing its own self-driving fleets as competition heats up and more companies begin launching… Continue reading SoftBank leads $500m funding in Chinese ride-hailer Didi
Uber UK launches Work Hub for drivers to find other gig jobs during COVID-19
Uber U.K. has launched a Work Hub for drivers to view a selection of temporary work opportunities with other companies as a way to supplement pandemic-hit ride-hailing earnings during the coronavirus crisis. The Work Hub sits within the Uber driver app and displays offers of work from third party providers — including jobs that involve… Continue reading Uber UK launches Work Hub for drivers to find other gig jobs during COVID-19
SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced on Friday an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese… Continue reading SoftBank led $500M investment in Didi in China’s biggest autonomous driving round
SoftBank leads $500 million fundraising for Didi’s self-driving unit
FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The… Continue reading SoftBank leads $500 million fundraising for Didi’s self-driving unit
Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)
Days after Uber laid off about a quarter of its workforce, one of its senior executives — marketing leader Jill Hazelbaker — sold more than half of her stake of Uber shares for $8.6 million. Employees have been chattering about the sale internally, not only because of its timing but because of its size, with… Continue reading Days after layoffs, an Uber exec sold over half her Uber stock for $8.6 million, while cofounder Garrett Camp has sold $69.6 million in stock since March 12 (UBER)
Uber: Analysis on Impacts of Driver Reclassification
By Alison Stein, Economist at Uber On May 22nd, California’s state unemployment rate rose to a record 15.5%. Over 2.9 million Californians are out of work, more than during the height of the 2008–2009 recession. However, despite the current economic crisis, the State government is currently pursuing actions that we estimate threaten 158,000 additional work opportunities… Continue reading Uber: Analysis on Impacts of Driver Reclassification