Self-Driving Firm Recogni Nabs $102 Million to Make AI Chip
Recogni Inc., an artificial intelligence startup that builds tech for autonomous vehicles, has raised $102 million in funding after expanding into designing chips for generative AI.
February 20, 2024Lyft Names David Risher New CEO as Co-Founder Steps Down
Lyft Inc. tapped David Risher to be its new CEO, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.
March 27, 2023Uber Launches Robotaxis but Driverless Fleet Is ‘Long Time’ Away
Uber Technologies Inc. is launching its first robotaxi service, reaffirming the company’s commitment for a self-driving taxi fleet even as the hype around autonomous vehicles fades.
December 7, 2022Uber Revives Self-Driving Taxi Dreams, Plans to Start This Year
Uber Technologies Inc. inked a deal with Motional Inc. to offer driverless deliveries and rides, rekindling its vision of a self-driving taxi fleet nearly two years after it sold its autonomous vehicle division.
October 6, 2022Uber Soars After Beating Estimates as Ridership Defies Inflation
Uber Technologies Inc. reported revenue that beat analysts’ estimates, boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Shares jumped about 14% in early trading.
August 2, 2022Instacart CEO Courts Investors, Skeptics Ahead of IPO
Instacart Inc., a 10-year-old grocery delivery startup that was once one of the most highly valued of its gig-economy generation, is preparing to go public. CEO Fidji Simo now must convince investors that Instacart’s explosive growth during the COVID-19 lockdowns won’t fade along with the virus.
May 12, 2022Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage.
May 4, 2022Instacart Adds Fuel Surcharge to Offset High Gas Prices
Instacart Inc. is adding a fuel surcharge on grocery delivery orders, becoming the latest gig economy company to impose new fees on customers to ease drivers’ gas bills amid record-high prices.
March 18, 2022Uber to Pilot Driverless Food Delivery in California in 2022
Uber Technologies Inc. plans to launch a driverless food-delivery pilot program in the U.S. next year, the company announced Dec. 16.
December 16, 2021New York City Council OKs Cap on Food Delivery Fees
New York City lawmakers passed a measure that will make temporary caps on third-party delivery fees permanent in a blow to companies like DoorDash Inc., Grubhub and Uber Technologies Inc.
August 26, 2021