a 10 h t ma III t th 1 Klaus Vedfelt There aren't many companies at Uber's scale (NYSE:UBER) that showcase as attractive long-term opportunities for growth, margin expansion, and increasing cash flows. While the autonomous vehicle threat is the popular explanation for Uber's underperformance in recent months, I argue that Uber is perfectly positioned to benefit from AVs. Instead, I offer my own explanation - Uber needs to continue cleaning its financial profile, accelerate shareholder returns, and show cons ...

It'll soon become easier to hail a self-driving ride -- if you live in Austin or Atlanta. Uber and Waymo, the driverless arm of Google's parent company Alphabet, are teaming up to bring the robotaxi service to the two cities via the Uber app. Starting in 2025, Uber will manage and dispatch Waymo's fleet of fully autonomous, all-electric Jaguar I-Pace vehicles, so you can choose a ride without a driver when embarking on your journey. "Waymo's mission is to be the world's most trusted driver, and we're excite ...

Key Takeaways Uber plans to add Waymo driverless vehicles in Austin and Atlanta next year. Uber said the number of vehicles in those two cities will "grow to hundreds over time." The ride-share provider already offers Waymo rides in Phoenix. Uber Technologies (UBER) shares jumped Friday after the ride-share provider said it would expand its partnership with Alphabet-owned (GOOGL) autonomous vehicle technology firm Waymo to add more driverless car rides. Uber said the service will be offered in Austin, Texas ...

Uber riders in Austin and Atlanta will be able to hail a Waymo robotaxi through the app in early 2025 as part of an expanded partnership between the two companies. Waymo's autonomous vehicles have been available on the Uber app in Phoenix since October 2023. This expansion comes at a time when Uber has been snatching up self-driving partnerships across its ride-hail and delivery verticals. Last month, Uber announced partnerships with GM's Cruise and the U.K.'s Wayve. Waymo runs its own commercial autonomous ...

In this article GOOGL UBER A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Uber announced Friday it is expanding its partnership with Alphabet's Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Uber riders in those cities can be matched with a driverless Waymo car for some trips, according to the companies. The rides will only be available th ...

Uber isn't making autonomous vehicles, but it may make a lot of money on autonomous vehicles anyway. Uber (UBER 1.62%) is out of the autonomous driving technology business, but that doesn't mean it's out of autonomous vehicles entirely. In fact, it has announced some major partnerships with autonomous driving leaders. In this video, Travis Hoium explains how Uber will be impacted by autonomous vehicles in the future. *Stock prices used were end-of-day prices of Sept. 11, 2024. The video was published on Sep ...

OCI helps power more than one million trips every hour and 14 million predictions per second OCI helps power dozens of AI models that are used in every Uber trip LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- Oracle CloudWorld -- Uber, the largest on-demand mobility and delivery platform in the world, relies on Oracle Cloud Infrastructure (OCI) to help support the rapid growth and more than one million trips that Uber powers every hour. Uber has modernized its application tier and AI infrastructure and migrated ...

Uber Freight announced an integration with Uber Direct, the company's on-demand Delivery-as-a-Service platform. "The partnership brings together one of North America's largest logistics networks with one of the largest sameday delivery courier networks," Uber Freight said in a Tuesday (Sept. 10) news release. "Central to the integration is Uber Freight's Parcel Transportation Management System (PTMS), which is now integrated with the Uber Direct platform to power new and faster delivery options, including s ...

Uber Technologies, Inc. (NYSE:UBER) Goldman Sachs Communacopia & Technology Conference September 9, 2024 5:25 PM ET Company Participants Dara Khosrowshahi - CEO Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan It is my pleasure to welcome Uber Technologies' Dara Khosrowshahi, CEO, to the stage for fireside chat. I am going to read a quick safe harbor and then Dara and I are going to get into it and we have a lot to talk about because there's always a lot going on with Uber. Before we ...

Uber Technologies, Inc. (NYSE:UBER) Goldman Sachs Communacopia & Technology Conference September 9, 2024 5:25 PM ET Company Participants Dara Khosrowshahi - CEO Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan It is my pleasure to welcome Uber Technologies’ Dara Khosrowshahi, CEO, to the stage for fireside chat. I am going to read a quick safe harbor and then Dara and I are going to get into it and we have a lot to talk about because there's always a lot going on with Uber. Before we ...