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Why Are Nvidia and Uber Backing This Tiny $900 Million Artificial Intelligence (AI) Company?
Yahoo Finance· 2025-10-13 10:07
Key Points Nvidia and Uber became Serve Robotics investors between 2020 and 2022. Uber continues to have a 12% stake in the company, and is making its own luck by making Serve's largest order. Nvidia cashed out a year ago, but it's still hoping the food delivery robots pay off. 10 stocks we like better than Nvidia › The next time you see a food robot on wheels navigating its way across a cracked sidewalk or a challenging pedestrian-heavy crosswalk, look harder. There might be some big backers beh ...
eToro Touts ‘Ambitious' M&A Plans After Going Public
PYMNTS.com· 2025-09-07 20:06
Company Overview - eToro has approximately $1.2 billion in cash and cash equivalents, with a cash position of $988 million and no debt, positioning the company well for potential mergers and acquisitions [3] - The company was founded in 2007 and raised $620 million in its initial public offering (IPO) in May [4] Strategic Plans - eToro aims to pursue more ambitious acquisitions to expand its asset classes and geographic reach, as stated by co-founder Ronen Assia [2] - Recent announcements include the addition of tokenization and artificial intelligence tools to enhance retail investor offerings [4] Market Position - Unlike competitors such as Crypto.com, eToro is not interested in acquiring prediction markets, as Assia believes they are not a long-term investment tool [3] - The company focuses on strengthening user engagement and expanding its addressable market through new features [5]