Robotics has captured our imagination. Building a truly intelligent robot requires a large amount of training data. But capturing realworld training data or manually creating enough synthetic data is expensive and timeconuming.By combining computer graphics with AI, we can help robots learn faster and better understand the real world. NVIDIA Cosmos is a world foundation model platform built for developers to generate the required training data at an industrial scale. Cosmos Predict generates realistic train ...

Going in a Robotaxi in the Bay Area tonight ...

Tesla has been granted a rideshare license in Texas, paving the way for the electric-vehicle maker to operate its robotaxi service under new regulations governing autonomous vehicles in the state https://t.co/xODuictNN8 ...

Core Insights - Lyft is expanding its addressable market significantly through acquisitions and partnerships, while Uber is focusing on leveraging its existing platform for growth [1][9][10] - Both companies reported strong Q2 2025 financials, with Uber outperforming Lyft in terms of internal efficiency and monetization strategies [2][14] - The strategic approaches of Uber and Lyft are diverging, with Uber emphasizing cross-platform engagement and Lyft focusing on geographic expansion and partnerships [4][10] Group 1: Company Strategies - Lyft's acquisition of Freenow has nearly doubled its total addressable market to over $300 billion in personal vehicle trips annually [9] - Lyft's Q2 results were bolstered by a 25% increase in partnership rides, driven by collaborations with Alaska Airlines, Chase, and DoorDash [10] - Uber is enhancing integration between its ride-hailing and delivery services, with only 20% of its 180 million monthly active users utilizing both services, yet these dual users generate three times the gross bookings of single-use customers [4][14] Group 2: Financial Performance - Uber's Q2 revenue increased by 18% year-over-year to $12.7 billion, with gross bookings reaching $46.8 billion and adjusted EBITDA of $2.1 billion [14] - Lyft reported record gross bookings of $4.5 billion, up 12%, with revenue of $1.6 billion, up 11%, and an adjusted EBITDA of $129 million [15] - Uber's trips rose by 18% to 3.3 billion, while Lyft's rides increased by 14% to 235 million, with active riders reaching 26.1 million [15] Group 3: Future Initiatives - Lyft is planning to introduce autonomous vehicles in partnership with Baidu, starting in 2026, as part of its broader AV initiatives [12] - Lyft is also exploring advertising and membership models to enhance monetization, with its "LyftSilver" subscription already attracting new riders [13] - Uber's strategy is focused on cross-selling and product integration to drive growth, rather than expanding into new geographies [7]

Financial Data and Key Metrics Changes - Q2 2025 was a record-breaking quarter for Lyft, achieving all-time highs in gross bookings, adjusted EBITDA, and free cash flows for the first time in company history [6] - The company repurchased $200 million worth of stock, marking the first reduction in share count in its history [6] - Adjusted EBITDA increased by 26% year-over-year [22] - Free cash flow reached $993 million over a trailing twelve-month period [85] Business Line Data and Key Metrics Changes - Rides reached an all-time high of almost $235 million, marking the ninth consecutive quarter of double-digit year-over-year growth [8] - Active riders increased by 10%, and ride frequency grew in the mid-single digits [21] - The driver cancellation rate improved significantly from about 15% to approximately 4.7% [13] Market Data and Key Metrics Changes - Lyft's marketplace is thriving, with over 1 million drivers spending record hours on the platform, averaging 40 more hours each compared to pre-COVID levels [7] - The company is expanding its total addressable market (TAM) and diversifying its offerings, including innovations like Lyft Silver for older Americans [8] Company Strategy and Development Direction - Lyft is focusing on operational excellence, innovation, and partnerships to drive growth and affordability [19][20] - The company is positioned to benefit from the addition of autonomous vehicles (AVs) to its platform, which is expected to be transformational [9] - Lyft aims to maintain competitive pricing while enhancing value for customers through partnerships and innovative offerings [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term targets and anticipates accelerated growth in Q3 2025 [6][7] - The competitive landscape is evolving, with a focus on affordability becoming increasingly important across the industry [11][19] - Management highlighted the importance of maintaining strong relationships with regulators, especially in Europe, to facilitate AV deployment [58] Other Important Information - Lyft's partnerships with companies like United Airlines and Chase are expected to drive significant growth and enhance customer value [30][32] - The acquisition of FreeNow is seen as a growth opportunity, with plans to leverage Lyft's technology to improve service and efficiency [75][76] Q&A Session Summary Question: Can you discuss the scaling of your product offerings focused on affordability and the competitive landscape? - Management emphasized that growth is driven by operational excellence, innovation, and partnerships, with a focus on providing value beyond just pricing [12][19] Question: What is the expected contribution from FreeNow to the Q3 gross bookings guide? - Management noted that Q3 guidance includes two months of FreeNow activity, with expectations for continued strong rider and driver engagement [28] Question: Can you elaborate on the Baidu partnership and its economic model? - Management expressed excitement about the partnership, highlighting Baidu's expertise in AV technology and Lyft's strong regulatory relationships in Europe [66][68] Question: How does Lyft plan to invest in Europe following the FreeNow acquisition? - Management indicated that the focus will be on leveraging FreeNow's existing strengths and improving efficiencies, with minimal additional investment required [104][106] Question: Is Lyft considering becoming part of larger subscription bundles? - Management acknowledged the potential for partnerships with larger subscription services, emphasizing the importance of mutual benefits for riders and drivers [110][118]

The Trump administration has cleared the way for Zoox, the autonomous-vehicle subsidiary of Amazon, to demonstrate self-driving cars that lack traditional driving controls like steering wheels https://t.co/cJ3ZBcuInQ ...

Are you ready for the Tesla Robotaxi?The looks of the street will change forever.https://t.co/3nhnG9uWVN ...

Market Opportunity & Transformation - Autonomous driving is poised to transform Tesla from a low-margin EV company into a high-margin, recurring revenue SaaS business [1] - The robotaxi opportunity is significantly larger than human-driven ridehail [1] - Robotaxis are expected to become ubiquitous [2] Ridehail Market Penetration - In the most penetrated US geographies, human-driven ridehail accounts for approximately 3% of vehicle miles traveled (VMT) [1] - Even in San Francisco, ridehail only represents about 13% of VMT [1]

The analyst raised his second-quarter gross bookings forecast to $47.1 billion, 2% above the Street's $46.4 billion. Revenue and adjusted EBITDA projections are at $12.56 billion and $2.12 billion, both slightly above consensus. He expects constant currency (CC) bookings growth of 19% year-over-year, ahead of the 18% consensus, supported by accelerating U.S. consumer spending and stronger international results, which are boosted by FX improvements. In Mobility, Post projects 20% Y/Y CC growth, which is in l ...

Lyft said it’s partnering with China’s Baidu to launch autonomous vehicles in Europe starting next year, an agreement that comes after the US rideshare company finalized its first expansion into the continent https://t.co/npkQZN6jcm ...