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Uber News
TronWeekly
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Uber Eyes Stablecoins to Cut Global Transfer Costs, Says CEO
- Uber is exploring the use of stablecoins to enhance cross-border money transfers, aiming at reducing costs and improving speed.
- Stablecoins are seen as a practical option for Uber due to their price stability and real-world payment utility compared to Bitcoin.
- Global firms like Uber are showing an inclination towards stablecoins for international transactions to benefit from faster and cheaper transfers.
- Despite the growing use of stablecoins, regulatory concerns exist around their framework in the U.S., with ongoing discussions around guidelines and clarity.
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TechCrunch
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TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like
- Elon Musk's fallout with Trump predicted to result in broad implications across all his enterprises, impacting Tesla EV sales and government relations.
- Rivian's partnership with Jony Ive’s firm LoveFrom revealed insights into their collaborative design process.
- Joby Aviation and Abdul Latif Jameel exploring a distribution agreement for 200 electric aircraft could fast-track opportunities in Saudi Arabia.
- Startups like Obvio, Portless, and Toma secure significant funding for innovative AI, e-commerce, and voice technology solutions.
- Uber's strategic focus on autonomy highlighted through executive shuffling, emphasizing AV ecosystem support and development.
- Uber introduces a new account type for older users with a simpler UI, showcasing efforts for user inclusivity.
- Tesla's trademark application for 'Tesla Robotaxi' signals continued progress in self-driving vehicle services.
- Redwood Materials' decision to walk away from a DOE loan exposes challenges faced by companies in accessing federal funding for growth.
- Walmart and Wing expand drone delivery services to five additional U.S. cities, enhancing accessibility for thousands of customers.
- Trevor Milton, founder of Nikola, faces disputes with creditors following the bankruptcy of his electric trucking company.
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Crypto-News-Flash
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Uber Signals Crypto Shift with Interest in Stablecoin Payments
- Uber is considering using stablecoin payments to improve international transactions, reduce costs, and make cross-border operations more seamless.
- CEO Dara Khosrowshahi mentioned at the Bloomberg Tech Summit that Uber is in the early stages of studying stablecoin payments for faster and cheaper global money transfers.
- Stablecoins are digital currencies tied to the value of fiat money, like the US dollar, and are gaining interest from major companies like Uber, Stripe, and Tether.
- With growing industry support and clearer global regulations, stablecoin payments could soon become a widespread business reality for companies exploring digital finance options.
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TheNewsCrypto
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Uber Explores Stablecoins for Faster, Cheaper Global Payments
- Uber is considering stablecoins for global payments to enhance efficiency and reduce costs.
- Around 90% of financial institutions are incorporating stablecoins into their systems, as per the State of Stablecoins survey by Fireblocks.
- Stablecoins mimic traditional currency values and offer quick settlement, borderless transactions, trust, and stability.
- Major benefits of stablecoins include speed, cost savings, and liquidity, leading to increased adoption by enterprises.
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Pymnts
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Uber Considers Using Stablecoins for Cross-Border Money Transfers
- Uber Technologies is considering using stablecoins for cross-border money transfers to reduce the cost and time associated with traditional methods.
- Stablecoins can enable global money transfers with internet speed, eliminating the need for intermediaries and reducing settlement costs from $30 to sub-dollar fees.
- Meta and other companies are also exploring stablecoins for cross-border payments to avoid fees related to wire transfers and improve efficiency.
- The adoption of stablecoins for cross-border payments is gaining momentum as companies like Circle Internet Financial launch their stablecoin-powered networks for mainstream use.
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Kotaku
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An Ode To Those Of Us Whose Switch 2s Are Arriving Late
- Many individuals, including the author, are experiencing delayed shipments of their Switch 2 consoles, leading to disappointment and missed gaming opportunities.
- This delay is a common issue affecting various consumers eagerly awaiting the arrival of their consoles.
- The author reflects on past experiences of waiting for gaming consoles, highlighting the frustration of missing out on early shipments in the past.
- Living in a big city like New York City has shifted the author's purchasing habits to online pre-orders, unlike their prior experience in a smaller town where physical stores were more accessible.
- The anticipation and anxiety of securing a launch window for the Switch 2 drove the author to opt for online pre-orders rather than risking missing out by waiting in line at stores.
- Despite the inconvenience of the delayed delivery, the author acknowledges that in the grand scheme of things, the waiting period is not a significant issue.
- The author humorously expresses the desire to join in on the gaming fun and camaraderie while acknowledging the distractions from work within the gaming community.
- Individuals eagerly awaiting their Switch 2 consoles resonate with the author's sentiments, sharing in the frustration and longing for the consoles to arrive.
- The author empathizes with others facing similar delays and anticipates the joy of connecting with them in shared gaming experiences once their consoles arrive.
- The article serves as an ode to those awaiting the arrival of their Switch 2 consoles, acknowledging their anticipation and shared experiences amid the delays.
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The Verge
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Lime renews vows with Uber ahead of busy summer season
- Lime renews a multiyear agreement with Uber, allowing Lime's bikes and scooters to continue appearing on Uber's ride-hail app in markets they overlap.
- Uber and Lime first collaborated in 2018 during the scooter boom, and Uber currently holds a 29 percent stake in Lime after investing $170 million in the company during the pandemic.
- Lime sets sights on expanding into new markets like Mexico, launched in Barcelona, and scaling up its latest vehicles, the LimeBike and pedal-less LimeGlider, with plans to deploy over 15,000 vehicles globally by 2025.
- Lime hits a daily ridership record, surpassing 1 million rides in a day and exceeding 10 billion minutes of usage across more than 800 million individual trips since its inception in 2017.
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TechCrunch
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Uber adds a new type of account with a simpler UI for the elderly
- Uber introduces Senior Accounts, a new type of account aimed at older users with a simpler app experience.
- Senior Accounts feature larger text, icons, and less complex screens, with options for ride updates for family members, saved destinations, and using a family member's card for payments.
- Users in the U.S. can add older adults to their family account, manage payment methods, edit saved destinations, book rides, and track senior users' trips.
- Senior users are able to add their Medicare Flex card for medical visits payment. Uber plans to expand Senior Accounts globally, without specifying a timeline for international rollout.
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The Verge
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Image Credit: The Verge
Uber’s senior accounts, with larger typeface and fewer buttons, are now widely available
- Uber has introduced new senior accounts with larger typeface, fewer buttons, and easier-to-follow instructions to cater to older customers.
- These senior accounts will be available in the US and select areas in Taiwan, Hong Kong, India, Brazil, Mexico, Chile, Portugal, France, and South Africa.
- The new accounts are part of Uber's family profile feature, offering larger font, streamlined design, saved destinations, expanded payment options, and the ability to designate a family member or caregiver.
- Uber has also launched a Simple Mode in the Account section for customers desiring a simpler app interface, and a toll-free number (1-833-USE-UBER) for those who prefer phone booking over the app.
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All Things Talent
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Uber Leadership Reshuffle: Pradeep Parameswaran Steps Up as the Global Head of Mobility
- Pradeep Parameswaran becomes Global Head of Mobility at Uber, succeeding Andrew Macdonald who is now COO.
- Parameswaran, former head of Uber's India and Asia Pacific operations, marks his second promotion within a year.
- In his new role, Parameswaran will supervise Uber's mobility business globally and report directly to CEO Dara Khosrowshahi.
- The leadership reshuffle is part of Uber's broader organizational restructuring to align leadership with long-term goals.
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Dynamicbusiness
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Uber relaunches Business Booster with $50K in grants across ANZ
- Uber has relaunched its Business Booster program for 2025 in collaboration with Rare Birds to support entrepreneurship among driver partners and delivery people in Australia and New Zealand.
- The program offers free expert business education and grant funding opportunities to individuals earning through Uber and Uber Eats platforms in the region, with access available until November 30, 2025.
- Participants can engage in online masterclasses covering various business topics, interactive sessions, quizzes, downloadable tools, and a community platform, receiving a certificate of completion at the program's end.
- A pitch competition with AUD $50,000 in grant funding is opening in November, allowing entrants to submit videos for a chance to win prizes and showcase their business ideas.
- Success stories from previous cohorts highlight the program's impact, such as entrepreneurs like Steve Blain and Suraya O'Brien who utilized the support to launch successful ventures.
- The Business Booster program is open for registration until November 30, 2025, and eligible individuals can participate by registering through the provided link or the Uber Driver app.
- The pitch competition will open on November 1, 2025, with winners being announced in late January 2026, and entrants must complete at least two learning modules to qualify.
- Uber's investment in empowering its earners through programs like Business Booster demonstrates its commitment to fostering entrepreneurship, financial independence, and personal success.
- Uber encourages individuals to take advantage of the program, providing tools and opportunities for aspiring entrepreneurs to bring their business ideas to life.
- The program serves as a platform for drivers and delivery people to access valuable business education, funding support, and networking opportunities to kickstart their entrepreneurial journeys.
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Global Fintech Series
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SUBSCRIBE Launches SUBSCRIBE Altscape Marketplace Connecting Alternative Asset Managers and Wealth Management Firms
- SUBSCRIBE Altscape® is the alternative investment industry’s first open marketplace connecting alternative asset managers with wealth management firms without charging AUM based placement fees.
- The marketplace provides direct private market opportunities, vetted managers, tax-advantaged solutions, and feeder fund formation services at low costs.
- It aims to reduce costs for asset managers seeking distribution through global wealth management firms by not charging AUM based fees on transactions.
- Private markets are expected to grow significantly, and SUBSCRIBE Altscape aims to facilitate increased allocations to private market investments.
- Wealth management firms are increasing their alternatives allocations, and SUBSCRIBE serves close to 50,000 financial professionals.
- The platform offers a range of alternative investment opportunities across various categories like private equity, infrastructure, and hedge funds.
- SUBSCRIBE Altscape also provides centralized access to tax-advantaged private market solutions and streamlined workflows for paperwork and data management.
- The platform supports leading alternative asset managers and wealth management firms, aiming to revolutionize the digital infrastructure for private markets.
- Wealth manager fiduciaries are encouraged to seek lower fee loads, and SUBSCRIBE Altscape offers a user-friendly interface to discover and compare private market strategies.
- SUBSCRIBE's digital solution has been adopted by major financial firms like LPL Financial, Jefferies, Oppenheimer, and others to enhance the alternatives platform.
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Insider
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Here's how Uber's product chief uses AI at work — and one tool he's going to use next
- Sachin Kansal, Uber's product chief, uses AI tools ChatGPT and Gemini to summarize lengthy reports and understand Uber's performance in overseas markets like South Africa, Brazil, and Korea.
- He plans to add Google's NotebookLM to his AI suite as another tool for interacting with documents and creating audio podcasts based on information.
- Kansal treats AI as a research assistant, using deep research features of large language models like ChatGPT to brainstorm with his team and generate ideas, especially for new driver features.
- Uber's CEO highlighted the importance of employees learning to work with AI, stating it will be essential at Uber, with Kansal focusing on expanding his AI toolkit with NotebookLM.
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TechCrunch
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Week in Review: Perplexity Labs wants to do your work
- Perplexity Labs launched Perplexity, an AI-powered tool for crafting reports and visualizations using research and analysis tools.
- Facebook collaborates with Anduril to build extended reality (XR) devices for the U.S. military under the product family EagleEye.
- 40% of employers plan to cut staff as AI automates tasks, as indicated by a World Economic Forum survey.
- LexisNexis and White House chief of staff's phone were hacked, while Gmail automated email summarization and General Catalyst invested $1 billion in Grammarly.
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TechCrunch
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Image Credit: TechCrunch
TechCrunch Mobility: A ride-sharing pioneer comes for Uber, Tesla loses more ground, and dog-like delivery robots land in Texas
- Article covers various topics in the mobility sector, including news on Zoox recall, Stellantis-Amazon partnership update, and startup-funding deals.
- Carma Technology filed a patent infringement lawsuit against Uber, alleging infringement on five patents related to ride-sharing, presenting a challenging case for Uber.
- Bedrock Robotics, a new autonomous vehicle technology startup led by Boris Sofman, aims to retrofit self-driving kits onto construction equipment and heavy machinery.
- Deals included Firefly Aerospace receiving $50 million investment, Pallet securing $27 million in Series B funding, and Volteras closing an $11.1 million Series A round.
- Way Data Technologies, a fleet management startup, raised €2.6 million in pre-seed funding, while Rivr introduced a delivery robot pilot program in Austin, Texas.
- TuSimple (now CreateAI) sent sensitive data to a Beijing-owned firm, violating a national security agreement, and Zoox issued a voluntary software recall after a collision with an e-scooter rider.
- Tesla Cybertruck faces challenges with unsold units in Detroit, while Tesla sales in Europe and the U.K. dropped significantly, and four former Volkswagen executives received prison sentences for their role in the emissions cheating scandal.
- Amazon ended its collaboration with Stellantis for in-car software, with Stellantis shifting to an Android-based system instead.
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