Investment firm Gerber Kawasaki's co-founder Ross Gerber thinks that Alphabet Inc.-backed (NASDAQ:GOOGL) (NASDAQ:GOOG) self-driving company Waymo's expansion in San Francisco could pose a challenge for Uber Technologies Inc. (NYSE:UBER) .Uber Is ‘Cooked,' Says Ross GerberIn a post on the social media platform X on Friday, Gerber shared that Waymo's expansion into San Francisco has resulted in a 10% market share for the company in the region, adding that the market share was from just the Waymo app. "Uber is ...

Core Insights - Uber Technologies Inc. is transforming its app into a platform for high-paying AI jobs, moving beyond traditional ride and delivery services [1] - The company plans to launch a U.S. pilot program called Digital Tasks, allowing users to complete short, AI-related gigs through the Uber Driver app, which is already operational in India [1][2] - The long-term goal is to make Digital Tasks available globally, although some roles may require advanced education, such as PhDs, with higher pay compared to traditional driving jobs [2] Industry Context - The initiative comes amid Uber's investments in self-driving technology, raising job security concerns for professional drivers due to the potential for widespread robotaxis [3] - Unions have expressed concerns about the rapid adoption of robotaxis threatening job security, prompting regulatory scrutiny [4] - In response to these concerns, regulators have begun to establish frameworks and laws regarding automated vehicles, including a new automated-vehicle framework from the National Highway Traffic Safety Administration [5][6] - Khosrowshahi emphasized that Digital Tasks could provide alternative income streams for displaced drivers, helping to bridge the gap created by automation [6]

Core Insights - Uber has launched a pilot program in the U.S. that allows drivers and couriers to earn extra income by completing digital tasks that help train artificial intelligence [2][4][6] Group 1: Program Details - The digital tasks include activities such as uploading photos, recording speech in native languages, and submitting documents in various languages, which are then used to enhance AI models [2][4] - Participation in the program is optional, and drivers who opt in will receive invitations to complete tasks through the Driver app's Opportunity Center [6] - Each task comes with an estimated time for completion and potential earnings, with payments processed within 24 hours after task completion [6] Group 2: Company Performance - Uber's second quarter earnings report showed revenue of $12.65 billion, surpassing estimates of $12.46 billion, with earnings per share (EPS) at 63 cents [7] - Following the earnings report, Uber announced a $20 billion stock buyback authorization [7] - Despite the positive earnings report, Uber's stock was down nearly 3% in afternoon trading on the day of the announcement [7]