Partnership Details - Delta Air Lines customers will earn SkyMiles on Uber rides to and from airports starting in spring [1] - Users earn 1 mile per dollar spent on UberX rides to and from airports [2] - 15% of Uber rides are booked to or from airports [2] - Delta customers earn 2 miles per dollar on premium Uber rides and 3 miles per dollar on Uber Reserve [3] - Customers earn 1 mile per dollar on Uber Eats orders of $40 or more [3] Competitive Landscape - Delta's partnership with Uber ends its SkyMiles collaboration with Lyft, which began in 2017 [4] - Lyft has partnered with Alaska Airlines since 2022 [4] - Uber had 161 million monthly active users at the end of Q3, compared to Lyft's 24.4 million [4] Additional Partnerships - Delta announced a partnership with Alphabet's YouTube to offer ad-free content to SkyMiles members on flights [5]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Partnership Announcement - Delta Air Lines will link its SkyMiles loyalty program to Uber, ending its eight-year partnership with Lyft [1] - The new partnership will allow Delta SkyMiles members to earn miles on Uber rides and Uber Eats orders [2] Mileage Earning Details - Delta SkyMiles members can earn 1 mile per dollar spent on UberX airport rides [2] - Members can earn 2 miles per dollar on premium rides like Uber Comfort and Uber Black [2] - Uber Reserve trips will earn 3 miles per dollar [2] - Uber Eats orders over $40 will earn 1 mile per dollar [2] Industry Context - Delta and other airlines have expanded partnerships for earning and using frequent flyer miles, generating billions of dollars for carriers [3] - Delta's other loyalty program partners include Starbucks, Hertz, and Ticketmaster [3] Transition Details - Customers with linked Lyft accounts can earn miles through April 7 [4] - Delta and Lyft will communicate directly with customers about the transition [4] - The partnership with Lyft has benefited loyal customers who have collectively earned billions of miles [4]

Uber Technologies, Inc.(UBER) is actively forging ahead to expand its ventures in the field of autonomous driving technology. To this end, UBER is gearing up to embark on a new journey through its strategic partnership with NVIDIA.The collaboration aims to enhance the development of AI-powered autonomous driving technology. This tie-up is expected to use Uber's huge data set (available from the multiple daily trips) embedded into NVIDIA's advanced platforms, the Cosmos and DGXCloud systems.NVIDIA Cosmos is ...

Uber will use Nvidia’s new generative world model simulation tool, Cosmos, and cloud-based AI supercomputing platform, DGX Cloud, to support the development of autonomous vehicle technology, the companies announced at CES 2025.Cosmos is being marketed to robotics and autonomy companies as a tool that generates physics-based videos from a variety of inputs, including 9,000 trillion tokens generated from 20 million hours of (likely copyrighted) video, which can be used to simulate realistic industrial and dri ...

Shares of Uber Technologies (UBER) gained 2.7% on Jan. 6, closing the trading session at $66.31. The uptick followed a significant move by the company to return value to its shareholders. UBER announced that it would start an accelerated $1.5 billion stock buyback program. To this end, the San Francisco, CA-based ride-hailing company entered into an accelerated share repurchase ("ASR") agreement with Bank of America (BAC) .Digging the Details of UBER’s Accelerated Share Repurchase AgreementThe $1.5 billion ...

Key TakeawaysUber Technologies and Nvidia will collaborate on accelerating artificial intelligence technology in autonomous vehicles.Uber will use Nvidia's Cosmos platform and DGX cloud to create AI self-driving models more efficiently.CEO Dara Khosrowshahi explained that AI will "power the future of mobility." Uber Technologies (UBER) shares rose in premarket trading Tuesday as the biggest ride-sharing company announced that it was teaming up with Nvidia (NVDA) to speed up the use of artificial intelligen ...

The analysts' sentiment trends are positive, indicating a 40% rise in Uber NYSE: UBER shares over the next year. The takeaways from the chatter are that this company is well-positioned to drive accelerating earnings growth and FCF over the next five years while contributing to the advancement of AI. Uber uses AI to enhance operations, improve services, and drive profitability at all levels of its operations, centered on Michaelangelo. Michelangelo is the company’s machine-learning platform for developing an ...

Stock Buyback Program - Uber announced an accelerated stock buyback program, agreeing to buy back $1.5 billion in shares from Bank of America, representing about 80% of the shares under the accelerated plan [1] - The $1.5 billion buyback is expected to deliver more than 18.5 million shares, with the remaining purchases to be completed in Q1 2025 [1] - This accelerated plan is part of the $7 billion stock buyback program announced in February 2024, marking the company's first-ever buyback program [2] Financial Performance and Strategy - Uber CFO Prashanth Mahendra-Rajah stated that the company is entering 2025 with "considerable momentum" and plans to significantly scale free cash flows [3] - The CFO emphasized that Uber's stock is undervalued relative to the strength of its business, justifying the accelerated buybacks as a value-enhancing deployment of capital [4] - In the first three quarters of fiscal 2024, Uber spent $697 million on stock buybacks [4] Market Reaction - Uber shares rose more than 2.75% on Monday morning following the announcement of the accelerated buyback program [5]

A major cultural shift is only going to strengthen the tailwind driving this other company's ticker upward.There are no two ways about it. Amazon is one of the modern era's best-performing stocks, up roughly 300,000% since its 1997 public offering. The next 30 years aren't likely to be nearly as rewarding, but thanks to the company's foray into cloud computing, the e-commerce giant is still one of the market's most promising investment prospects at this time.There's a better growth stock to consider adding ...