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In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Tyler Crowe, Matt Frankel, and Jon Quast discuss:
Uber and Alphabet's Waymo will end their exclusivity arrangement in Atlanta and Austin, Texas, in early 2028. The change reflects the traction Waymo has gotten in the robotaxi market in a number of U.S. cities.
Waymo is reportedly looking for a way out of its deal with Uber, which has made the Alphabet-owned company's robotaxis available on the ride-hailing giant's network in Austin and Atlanta, according to the Financial Times.
Uber (NASDAQ: UBER | UBER Price Prediction) laid off 10% of its customer service staff as part of what it said was an effort to “embrace artificial intelligence.
Tesla designed an autonomous robotaxi called the Cybercab, but commercializing it comes with a number of challenges. Uber operates the world's largest ride-hailing platform, and around 30 companies in the autonomous space are deploying their vehicles in its network.
Uber is laying off customer service employees, citing artificial intelligence. Employees on the community operations team who work remotely will also have to return to an office.
Uber Technologies (UBER) concluded the recent trading session at $70.33, signifying a -1.71% move from its prior day's close.
A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps without advance notice, ruling that the novel law is unconstitutional.
SEC filings for UBER aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.