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Uber News
Pymnts
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Uber Suggests NYC Driver Pay Cuts in Bid to Woo Riders
- Uber suggests pay cuts for its drivers in New York City, citing lower gas prices.
- Uber wants the city's Taxi and Limousine Commission to reduce the per-mile rate in its driver pay formula by 6.1%.
- The company believes that the reduced costs will encourage rider demand and offset the impact on drivers' incomes.
- Uber's membership program reaches 25 million, reflecting its growing presence outside of big cities.
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TechCrunch
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311
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From Lime to Uber to Hertz: Free and discounted Election Day rides
- Lime, Bird, Spin, and Veo are offering free rides to polling places with the use of promo codes.
- Lyft is offering 50% discounts for riders heading to the polls, and users can also get up to $20 off using the NAACP's discount offer.
- Uber is offering 50% off trips to polling places and helping users locate their nearest polling station. Uber Eats is offering 25% off orders on Election Day.
- Hertz is providing one free day for customers who rent two or more days between October 21 and November 5, while Zipcar is waiving the first-month membership fee for new members going to the polls.
- Google and Moovit are helping users find voting information, including in-person voting locations, ballot dropbox locations, and transit agencies offering free rides.
- Several transit agencies across different cities are also offering free bus rides on Election Day to encourage voter turnout.
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Insider
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372
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Uber drops after its bookings results and forecast fail to impress
- Uber's stock fell after reporting mixed third-quarter results.
- Gross bookings of $41 billion came in slightly below expectations.
- The company remains optimistic about the key US market.
- Uber expects moderate increase in insurance costs going forward.
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Digitaltrends
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173
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The UK’s Wayve brings its AI automated driving software to U.S. shores
- UK startup Wayve is launching its AI learning system for on-road testing in San Francisco and the Bay Area.
- Wayve, which has received over $1 billion in funding, is joining the autonomous driving trend and competing with companies like Tesla and Waymo.
- The company's software utilizes AI to provide automakers with driver assistance and automation features.
- Before driverless vehicles can legally operate, they must pass strict safety tests, with Waymo's technology being the only one approved by U.S. regulators.
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Insider
3w
316
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Uber CEO Dara Khosrowshahi calls Elon Musk's vision for Tesla robotaxis 'pretty compelling'
- Uber CEO Dara Khosrowshahi finds Elon Musk's vision for Tesla robotaxis 'pretty compelling'.
- Khosrowshahi discussed the future of autonomous vehicles on the Hard Fork podcast.
- He believes Waymo could outperform Tesla in the next five years but still remains open to partnering with Tesla.
- Uber had previously partnered with Waymo in 2023 to bring autonomous ride-hailing services.
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Insider
3w
48
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Uber's potential bid for Expedia is the latest example of Dara Khosrowshahi's 'super app' vision
- Uber has considered making a bid for travel website Expedia.
- The potential deal would take Uber closer to Dara Khosrowshahi's 'super app' vision.
- Acquiring Expedia could bring Uber closer to becoming a one-stop app for transportation and delivery.
- Uber may also explore a potential white-label solution with Expedia to fulfill their super app vision.
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Blackenterprise
8h
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Uber Claims Higher Pay For Drivers In New York City Will Force Layoffs
- New York City's Taxi & Limousine Commission (TLC) is raising the minimum pay standard for drivers in high-volume services, which applies to Uber and Lyft.
- Uber claims that the higher pay standard will result in layoffs of thousands of its drivers, as it has already made the rideshare service too expensive and resulted in a decline in trip volume.
- Uber has asked the TLC to lower the per-mile rates paid to drivers by 6% and argues that drivers are experiencing lower costs due to lower gas prices, the use of used cars, and an overall reduction in inflation.
- The TLC responded to Uber's concerns by stating that it is studying driver expenses and will consider the findings before accepting Uber's claims.
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Hackernoon
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Achieving Product-Market Fit: How the Startups Did It
- Product managers are entrepreneurs who launch startups by pitching their business plans to internal stakeholders, building teams and launching products to customers using lean startup methodology.
- The lean startup approach involves evaluating the problem customers have with a prototype and iterating with measured data from the feedback loop, using minimum resources.
- To achieve the right product-market fit and create a rock-solid product strategy, you have to define, validate and iterate the problem definition by understanding the problem space, a sense of urgency, existing solutions in the market that have attempted to solve the problem, and its context.
- In the problem definition, it is essential to identify the core audience who will be using your product and being honest about sizing the market.
- The core value proposition is a single statement articulating what value you promise to the customer, and it is essential to continuously evaluate and test it before building your MVP.
- Product quality, technology, user experience, price, go-to-market model and customer-service are just a handful of factors that you can think of and choose to base your differentiation upon.
- Defining metrics to measure the product's success needs to be done as early as possible to evaluate progress objectively.
- Uber is an excellent example where there was instant product-market fit because they used GPS-enabled mobile apps to match drivers with riders, providing a reliable, real-time way to find and book a ride.
- A successful product identifies and tests the product-market fit hypothesis from the get-go and throughout the process of building the MVP, which differentiates success stories from the failures.
- As Albert Einstein said, 'If I were given one hour to save the planet, I would spend 59 minutes defining the problem and one minute resolving it'.
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Insider
4d
223
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Some Uber and Lyft drivers are asking riders to avoid the apps and pay in cash
- Some Uber and Lyft drivers are striking deals with passengers to complete rides and pay in cash or through separate payment apps like Venmo.
- Drivers are opting for this alternative as they face decreasing earnings through the rideshare apps.
- However, going outside the apps raises safety and insurance concerns for both drivers and passengers.
- Uber and Lyft have stated that off-app trips are prohibited and drivers who violate this policy risk losing access to the platforms.
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Siliconangle
6d
371
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Uber revamps its operating model with real-time data and microservices orchestration
- Uber has built an expansive architecture that powers real-time capabilities such as logistics services and ticket bookings.
- Central to Uber’s application is its real-time nature, a fundamental aspect that sets it apart from many other applications.
- The real-time interactions demand that the server rather than the app initiate much of the data push.
- Uber's infrastructure combines various technologies to handle complex processes.
- The company uses Google Spanner as the transactional database and custom frameworks for real-time event propagation and orchestration.
- Behind-the-scenes, machine learning algorithms facilitate the dynamism of Uber’s different apps.
- The data generated by Uber’s users and server-side data need to be meticulously synchronized.
- Events and metadata are sent into Kafka for processing and storage in Uber’s Hive tables.
- The app’s logic is informed by both current context and historical patterns.
- Real-time orchestration and machine learning integration are essential to the smooth functioning of Uber’s different apps.
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Insider
6d
251
Image Credit: Insider
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
- Saudi Arabia wants overseas tech firms to help with its homegrown AI industry.
- The plan is for firms to invest in AI data centres, startups, and more.
- Dubbed Project Transcendence, it's worth up to $100bn.
- The goal is for Saudi Arabia to become an AI hub on par with other markets.
- The conversation has shifted from where Saudi Arabia will invest, to where companies will invest in Saudi Arabia.
- The country launched a plan to move away from oil.
- It launched a strategy in 2020, before the current AI boom.
- Much like Dubai, Saudi Arabia wants to create its own version of G42 to battle its GCC rivals.
- The Public Investment Fund leading investment charges into top names like Uber and SoftBank's first Visio.
- Saudi Aramco reported a 15.3% YoY decrease in 3Q21 net income.
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Tech Story
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Uber and Lyft Make Voting More Accessible with Discounts on Election Day
- Uber and Lyft are offering discounts on Election Day to make voting more accessible.
- Uber is providing 50% off rides to polling places, while Lyft is offering comparable discounts for rides, bikes, and scooters.
- Uber also offers a 25% discount on food delivery orders through Uber Eats.
- Both companies aim to reduce barriers to voting, but the lack of a federal holiday for Election Day raises concerns about voting rights and accessibility in the US.
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Teslarati
1w
179
Image Credit: Teslarati
Tesla and Uber launch new incentive program worth $2,000 on Model 3 and Y
- Tesla and Uber have launched a new incentive program worth up to $2,000 on eligible purchases of the Model 3 and Model Y.
- Tesla is offering $1,000 in credits upon taking delivery, while Uber will give $1,000 in cash after completing 100 trips.
- The program aims to encourage more Uber drivers to utilize electric vehicles for their daily work.
- The partnership between Tesla and Uber includes previous collaborations such as Uber integration for navigation and discounts on EV leases.
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Eu-Startups
2w
306
VDS brings together investors with over €250 billion in private equity for startups (Sponsored)
- VDS brought together investors with over €250 billion in private equity dedicated to startups at Valencia's City of Arts and Sciences.
- Top investment funds like Softbank’s VisionFund, EQT Partners, and Archimed were present at the event.
- VDS has continued its growth trend, breaking records for international attendees once again, increasing its international participation by 65% compared to last year.
- More than 2,500 startups and 1,500 corporations were able to connect with key players in the global tech ecosystem, creating connections, synergies, and business opportunities.
- HULO.ai, a Dutch-founded startup focused on providing a global solution to improve sustainable water supply, won the Early Stage category of the VDS international startup competition.
- AI was a focus of VDS2024, with over 20 sessions on the topic across three of the event's seven stages.
- Discussions included topics like AI funding challenges, AI's impact on people management, and the ethical and legal issues of AI in the audiovisual sector.
- Sustainability was also a featured topic at VDS, with its own Green Stage supported by the Valencia City Council as part of the city’s 2024 European Green Capital initiative.
- Valencia Mayor María José Catalá presented the honorary award 'VDS City of Valencia' to Hortensia Roig.
- Ana Maiques, CEO and co-founder of Neuroelectrics, received the honorary VDS2024 award from Diana Morant, Minister of Science, Innovation, and Universities, for her inspiring character and professional trajectory.
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Geek Wire
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383
Podcast: Uber + Expedia? Ballmer on 60 Minutes; 1980s Silicon Valley revisited; What’s next for AI
- Uber has considered a bid to buy Expedia Group.
- Dara Khosrowshahi, Uber's CEO, was the former CEO of Expedia Group.
- Steve Ballmer, former Microsoft CEO, was featured on '60 Minutes'.
- Peter Lee, Microsoft Research president, discusses the future of AI.
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