A year in, Uber CEO works to rebuild company’s reputation
6 years, 4 months ago

A year in, Uber CEO works to rebuild company’s reputation

Associated Press  

NEW YORK — Ever since he stepped into his role as CEO a year ago, Dara Khosrowshahi has had to deal with wave after wave of major scandals and bad press, much of which he inherited from his predecessor, Travis Kalanick. About two weeks after Khosrowshahi started his job, London’s transport regulator decided to revoke Uber’s license to operate, jeopardizing the regional business with 3.5 million passengers. In February, Uber agreed to pay $245 million to Google’s self-driving car spinoff to end a legal brawl that aired out allegations that Uber stole technology. There are very few companies of our size that have the kind of growth rate or exciting new businesses like Uber Eats within the portfolio, and we’re showing progress toward profitability. Q: Do you think that Toyota will help in terms of rebuilding the trust in Uber’s self-driving program after what happened in Phoenix?

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History of this topic

How Uber and Lyft are gearing up for the robotaxi revolution
1 week, 3 days ago

How Uber and Lyft are gearing up for the robotaxi revolution

Live Mint  

Uber Technologies and Lyft gave up on big plans to develop their own driverless taxis years ago. Waymo, which made its own app available to the general public in San Francisco last year, is challenging Uber and Lyft’s stronghold in parts of the city, according to market-research firm YipitData. View Full Image Graphic: WSJ Uber and Lyft said they haven’t …

Can Tesla’s Cybercab and Robovan actually take on Uber?
3 months ago

Can Tesla’s Cybercab and Robovan actually take on Uber?

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tesla CEO Elon Musk described it as a “futuristic art deco bus”, but without a windscreen or …

Uber will offer driverless rides to users as soon as next year
4 months, 3 weeks ago

Uber will offer driverless rides to users as soon as next year

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Uber is gearing up to offer driverless rides through a partnership with General …

Uber will add driverless Cruise vehicles to its fleet in 2025
4 months, 3 weeks ago

Uber will add driverless Cruise vehicles to its fleet in 2025

LA Times  

Cruise’s partnership with Uber will begin in a single, unspecified city and will rely on Chevy Bolt-based autonomous vehicles. After losing its California operating license last year over safety concerns, the autonomous vehicle company Cruise will soon partner with Uber to offer driverless transportation through the popular ride-hail app. Driverless Cruise vehicles remain banned in California, but autonomous cars operated …

Uber working with auto makers to design EVs customized for ride-sharing, deliver
1 year, 11 months ago

Uber working with auto makers to design EVs customized for ride-sharing, deliver

Live Mint  

Uber Technologies Inc. is working with auto makers to design lower-cost electric vehicles tailored for its ride-hailing and delivery businesses, part of its effort to electrify its fleet. Speaking Thursday at an event hosted by The Wall Street Journal, Uber Chief Executive Dara Khosrowshahi said the company is working with manufacturers on vehicles optimized for city use, ferrying passengers and …

Lyft sells self-driving tech unit to Toyota for $550 mln, moves up profit timeline
3 years, 8 months ago

Lyft sells self-driving tech unit to Toyota for $550 mln, moves up profit timeline

The Hindu  

Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target one quarter earlier. The sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with self-driving companies that want to deploy their technology …

Uber, hard-hit by pandemic, sells its robot-vehicle division
4 years, 1 month ago

Uber, hard-hit by pandemic, sells its robot-vehicle division

Associated Press  

SAN RAMON, Calif. — Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber’s Advanced Technologies Group in an stock transaction, the companies said Monday. Uber will not have exclusive rights as a …

Uber sells its self-driving vehicles arm
4 years, 1 month ago

Uber sells its self-driving vehicles arm

LA Times  

Uber Technologies Inc. sold its self-driving-car division to Aurora Innovation Inc. and took a stake in the startup, creating a larger competitor to the leader in the field, Alphabet Inc.’s Waymo. Still, the project’s long time frame and high costs concerned Uber’s investors SoftBank Group Corp., Benchmark and others, who for months have been privately urging Khosrowshahi to reconsider the …

Uber won’t be profitable for years, and we’re not going to have a huge profit margin, says CTO
5 years, 6 months ago

Uber won’t be profitable for years, and we’re not going to have a huge profit margin, says CTO

CNN  

Hong Kong CNN Business — Uber will take at least “a few years” to become profitable, according to one of the ride hailing firm’s top executives. The industry right now “is very competitive,” Uber’s chief technology officer Thuan Pham said at a tech conference in Hong Kong on Tuesday. “We have local competitors everywhere trying to aggressively expand to grow …

Uber buys artificial intelligence firm to advance push on autonomous cars
5 years, 6 months ago

Uber buys artificial intelligence firm to advance push on autonomous cars

Live Mint  

Uber said Wednesday it has acquired computer vision startup Mighty AI to help advance its technology for self-driving cars. "The team at Mighty AI has built technology to label at scale using the latest AI and user experience techniques," said Jon Thomason, vice president of software engineering for the Uber division. "Training our AI at increasing pace is critical to …

A Bet on Uber Is a Bet on Self-Driving
5 years, 8 months ago

A Bet on Uber Is a Bet on Self-Driving

Wired  

On Friday morning, Uber executives rang the opening bell of the New York Stock Exchange as their 10-year-old, $82 billion company went public. But the most important activity Friday for Uber’s future may happen 370 miles away, in Pittsburgh, headquarters of the company’s Advanced Technologies Group. If it works, that self-driving technology might finally lead the ride-hailing company to the …

Uber’s self-driving unit valued at $7.25 billion in new investment
5 years, 8 months ago

Uber’s self-driving unit valued at $7.25 billion in new investment

Live Mint  

Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 …

Inside SoftBank’s push to rule the road
5 years, 9 months ago

Inside SoftBank’s push to rule the road

Live Mint  

SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month. Key partners in Son's quest are Uber, the US ride services leader, and Japan's Toyota Motor Corp. Uber's planned initial public stock offering in May is …

Uber's self-driving car unit is in the spotlight ahead of IPO later this year
5 years, 9 months ago

Uber's self-driving car unit is in the spotlight ahead of IPO later this year

Firstpost  

Uber, last valued at $76 bn in the private market, is seeking a valuation as high as $120 bn in its IPO. “That being said, again because Uber understands that self-driving cars at scale is not something that’s going to happen tomorrow, they understand the need for the science.” Urtasun declined to offer any guidance on what mix of human-driven …

SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit
5 years, 10 months ago

SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit

Live Mint  

New York: A group of investors led by SoftBank Group Corp. and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc.'s self-driving car unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. Japan's largest automaker Toyota injected $500 million into Uber last year …

Uber exploring autonomous bikes, scooters option
5 years, 11 months ago

Uber exploring autonomous bikes, scooters option

The Quint  

San Francisco, Jan 21 Resuming its self-driving programme, global ride-sharing major Uber has hired a "micromobility robotics" team to work on autonomous bikes and scooters. Electric scooter and bicycle-sharing services, including Uber's Jump business as well as competitors Bird and Lime, allow customers to collect the vehicles and then leave them on the pavement outside their destination, The Telegraph reported …

Driverless buses and taxis to be launched in Britain by 2021
6 years, 1 month ago

Driverless buses and taxis to be launched in Britain by 2021

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Plans are also under way for a private hire pilot scheme in the London borough of Greenwich, where Addison Lee …

By plowing millions into Uber, Toyota eyes future of cars
6 years, 3 months ago

By plowing millions into Uber, Toyota eyes future of cars

Live Mint  

Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. Toyota sees the partnership as an opportunity to get Grab to buy more of its cars and to push services like insurance and maintenance, Shigeki Tomoyama, the global head of Toyota’s connected car division, said in an interview this month in Nagoya, Japan. …

Toyota announces $500 mn investment in Uber to boost self-driving vehicles
6 years, 4 months ago

Toyota announces $500 mn investment in Uber to boost self-driving vehicles

Firstpost  

Uber suspended all tests of its self-driving cars after one of its vehicles killed a pedestrian. In a major boost to the development and deployment of self-driving vehicles, Japanese multinational automotive maker Toyota has announced that it was investing $500 million in ride-hailing giant Uber. The funding from the Japanese car-making giant, which values Uber at more than $70 billion, …

Toyota to invest $500 mn in Uber to develop self-driving cars; duo to catch up to rivals in autonomous driving business
6 years, 4 months ago

Toyota to invest $500 mn in Uber to develop self-driving cars; duo to catch up to rivals in autonomous driving business

Firstpost  

Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars. Toyota Motor Corp will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive …

Toyota to invest $500 million in Uber for self-driving cars
6 years, 4 months ago

Toyota to invest $500 million in Uber for self-driving cars

Live Mint  

San Francisco: Toyota Motor Corp will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business. Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the …

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