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Lagos tops list of states with most external debt

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Tag: Uber

Tech

Uber to invest $100m in autonomous vehicle charging stations

Uber Technologies said on Wednesday it plans to invest more than $100 million to build autonomous vehicle charging hubs, highlighting the company’s latest effort to expand its self-driving operations. The initiative will involve installing DC fast-charging stations at autonomous depots used for daily fleet management, as well as at strategic pit stops across key cities. […]

Uber announces payment options for food delivery
Tech

Uber Eats unveils text, image AI shopping tool

Uber Eats is introducing artificial intelligence to make grocery shopping easier. The company revealed on Wednesday that its food delivery platform will roll out a new AI assistant, enabling users to build their shopping carts using text or images, including handwritten lists. Uber is rolling out the feature with dozens of major retailers, including Safeway, […]

Uber announces payment options for food delivery
Tech

Uber partners Pipe to provide small businesses with funding

Fintech company Pipe is partnering with Uber Eats to make it easier for small restaurants to access capital. The collaboration integrates Pipe’s technology into the Uber Eats Manager app, providing eligible restaurants with pre-approved funding offers based on their revenue and cash flow, according to CNBC. The rollout begins this week, giving thousands of United […]

Uber seeks funding for Robotaxi expansion operations
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Uber seeks funding for Robotaxi expansion operations

Uber Technologies Inc. is in discussions with private equity firms and banks to secure financing for the expansion of its robotaxi operations, CEO Dara Khosrowshahi revealed on Wednesday. The move signals the ride-hailing giant’s deepening commitment to autonomous vehicle technology amid increasing competition and scrutiny. Uber is currently working with Alphabet-owned Waymo and automakers such […]

Uber launches $20bn buyback as loyalty program gains traction
News

Uber launches $20bn buyback as loyalty program gains traction

Uber Technologies Inc. on Wednesday announced a massive $20 billion stock buyback program and issued a bullish forecast for third-quarter gross bookings, buoyed by the growing popularity of its paid loyalty program, Uber One. The ride-hailing and delivery giant said membership in its $9.99-per-month Uber One program surged 60% year-over-year in June to over 36 […]

Tech

Uber unveils women-only ride matching feature to boost safety

Uber on Wednesday announced a new feature aimed at enhancing safety on its platform by pairing women drivers with women riders. The feature, set to roll out as a pilot program in the United States next month, will allow women riders to select a preference for female drivers when booking or pre-booking rides. Women drivers […]

Uber to invest $300m in Lucid for robotaxi rollout
News

Uber to invest $300m in Lucid for robotaxi rollout

Uber will invest $300 million in electric vehicle maker Lucid Motors as part of a new robotaxi partnership announced Thursday. The deal, which also involves autonomous driving startup Nuro, will see more than 20,000 self-driving Lucid Gravity SUVs deployed in a major U.S. city starting in late 2025. The rollout will begin in 2026 and […]

Tech

Uber, Waymo launch public robotaxi rides in US

Uber and Alphabet’s Waymo have launched public robotaxi rides in the United States as part of their expanding partnership. Available through the Uber app, the service operates within a 65-square-mile area of Atlanta but does not yet include highways or airport trips. The fully autonomous rides use electric Jaguar I-PACE SUVs powered by Waymo’s self-driving […]

News

Uber-owned Careem to exit Pakistan as economic pressures mount

Careem, the Middle East-based ride-hailing firm owned by Uber, will suspend operations in Pakistan from July 18, marking the end of a nearly decade-long presence in a market it helped transform. The company cited economic challenges, heightened competition, and constrained capital as reasons for the shutdown, reflecting broader struggles within Pakistan’s digital economy. “This was […]

Business

Uber eyes stablecoins as new payment option

Uber CEO Dara Khosrowshahi revealed that the company is closely examining stablecoins as a potential payment option. Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Khosrowshahi pointed to their ability to simplify cross-border transactions, cut costs, and boost efficiency across Uber’s international platform. “We’re still in the study phase,” he said, noting […]

Uber to invest $300m in Lucid for robotaxi rollout
News

US sues Uber over alleged deceptive subscription practices

The United States Federal Trade Commission has filed a lawsuit against Uber Technologies Inc., accusing the ride-hailing giant of enrolling customers into its Uber One subscription service without their consent and misleading users about potential savings and the ease of cancellation. Filed Monday in a federal court in San Francisco, the suit claims that Uber […]

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