Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce. Khosrowshahi… Continue reading Uber to cut costs, slow down hiring to turn lean, CEO tells employees
Tag: Lyft
Ford focuses on middle mile in autonomous transportation
The manufacturer Ford and its startup Argo AI want to take on the middle mile. Cargo shipments are divided into three sections: the first, middle and last mile. The last mile means delivery to customers, the middle mile to the distribution center before and the first mile is from production to the distribution center for… Continue reading Ford focuses on middle mile in autonomous transportation
The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I… Continue reading The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
Union.ai Raises $10M in Seed Funding
Clockwise from front left: CTO Haytham Abuelfutuh, Software Engineer Yee Hing Tong, COO George Snelling, Software Engineer Katrina Rogan and CEO Ketan Umare (PRNewsfoto/Union.ai) Union.ai, a Bellevue, Wash.-based provider of an open source workflow orchestration platform, closed a $10m seed funding round. The round was led by NEA with additional participation from a select group of… Continue reading Union.ai Raises $10M in Seed Funding
Toyota joins Tesla in developing self-driving tech with low-cost cameras, article with gallery
San Francisco, April 6 (Reuters) – Toyota Motor (7203.T) unit Woven Planet has joined Tesla Inc (TSLA.O) in trying to advance self-driving technology without expensive sensors such as lidars. Woven Planet told Reuters it is able to use low-cost cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will… Continue reading Toyota joins Tesla in developing self-driving tech with low-cost cameras, article with gallery
German FAZ: Robotaxis profitable from 2030002967
Reuters. Hamburg ⋅ The Volkswagen commercial vehicle division (VWN) wants to make money with mobility services and robot taxis by the end of the decade. Calculated across all services, the business area around autonomous driving and the associated services should then generate a return on sales of over ten percent, said division head Carsten Intra… Continue reading German FAZ: Robotaxis profitable from 2030002967
The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Transportation editor Kirsten Korosec was out for a few days this week, so I’m here (Rebecca Bellan) to give you all the important future of transportation news that… Continue reading The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America
Lyft to add temporary fuel surcharge to fares amid spike in gas prices
Lyft plans to add a temporary fuel surcharge to fares amid rising fuel prices around the country, the company confirmed to The Verge on Monday. “We’ve been closely monitoring rising gas prices and their impact on our driver community,” Lyft spokesperson CJ Macklin said in a statement. “Driver earnings overall remain elevated compared to last… Continue reading Lyft to add temporary fuel surcharge to fares amid spike in gas prices
Motional and Via launch free autonomous ride-hail service in Las Vegas
Motional, the Aptiv-Hyundai joint venture aiming to commercialize autonomous driving technology, has launched a new robotaxi service in Las Vegas with on-demand and transit tech service Via. The two companies, which first announced a partnership back in October 2020, will provide free rides in autonomous vehicles to members of the public in downtown Las Vegas.… Continue reading Motional and Via launch free autonomous ride-hail service in Las Vegas
EXCLUSIVE Uber revamps driver pay algorithm in large U.S. pilot to attract drivers, article with image
The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 25 (Reuters) – Uber Technologies Inc (UBER.N) is testing a new driver earnings algorithm in 24 U.S. cities that allows drivers to see pay and destinations before accepting a… Continue reading EXCLUSIVE Uber revamps driver pay algorithm in large U.S. pilot to attract drivers, article with image