Uber Technologies, Verne And Pony AI Announce Launch Of Autonomous Rides On Uber App In Zagreb

Pony AI’s Revenue Is Soaring, But Profitability Hinges On A Shared Ride

The robotaxi operator has even achieved single-vehicle profitability in Guangzhou and Shenzhen, but high R&D and depreciation costs are undermining its high valuation image credit: Bamboo Works Key

Consumer Tech (Aug 17-21): Walmart & Alibaba Posts Earnings, Trump Targets U.S. Space Launch Growth & More

Walmart, Amazon and PayPal feature among major retail and financial services developments spanning earnings, investments, drone delivery and potential acquisition talks.

Palo Alto To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Wednesday

Analysts changed outlook on top names. Piper Sandler raises Mercury Systems' target price, Ascendiant Capital boosts Alzamend Neuro's target price, BTIG raises Henry Schein's target price, Cantor Fitzgerald increases Palo Alto's target price, Morgan Stanley cuts Baidu's target price, Cantor Fitzgerald slashes Crowdstrike Holdings' target price, Baird raises Donaldson Company's target price, B of A Securities cuts Pony AI's target price.

'Uber cuts AI costs even as usage jumps' - Axios Exclusive

Uber Advances Delivery Hero Acquisition With Formal Cash Offer

Uber launches a €41.50/share takeover bid for Delivery Hero after BaFin approval. Acceptance runs through Nov. 5. Get the details.

Uber Stock Is 20% Off Its All-Time High, While the S&P 500 Index Is Up 14% Since Then: Here's Why the Market's Bearish View Is Wrong.

Uber shares have fallen 20% from their all-time high while the S&P 500 has risen 14%, driven by investor concerns about autonomous vehicle technology disrupting its business model. However, the author argues this bearish view is unwarranted, citing Uber's strong financial performance (24% gross bookings growth, 13.3% operating margin), massive user base of 208 million monthly active users, powerful network effects, and strategic partnerships with AV companies. The author contends that a hybrid model of human drivers and self-driving vehicles will likely coexist, and Uber's matching technology and geographic diversification position it well to compete.