Latest news with #UberTechnologies
Yahoo
2 days ago
- Business
- Yahoo
Uber Expands AI Data Platform to Power Next-Gen Enterprise and AI Lab Needs
SAN FRANCISCO, June 20, 2025--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced a major expansion of its AI data services business, Uber AI Solutions, making its technology platform available to support AI labs and enterprises around the world. The new offerings include customized data solutions for building smarter AI models and agents, global digital task networks, and tools to help companies build and test AI models more efficiently. Over the past decade, Uber has developed deep expertise in collecting, labeling, testing, and localizing data for its own global operations, including optimizing the search of places or menu items, training self-driving car systems, building Gen AI agents for customer support, and translating content in more than 100 languages. Now that same expertise is being made available to other businesses through Uber AI Solutions, the company's dedicated team focused on powering the next generation of artificial intelligence. "We're bringing together Uber's platform, people, and AI systems to help other organizations build smarter AI more quickly," said Megha Yethadka, GM and Head of Uber AI Solutions. "With today's updates, we're scaling our platform globally to meet the growing demand for reliable, real-world AI data." What's New Global digital task platformUber AI Solutions is now available in 30 countries with a platform that connects enterprises to global talent, including experts in coding, finance, law, science, and linguistics. These tasks include annotation, translation, and editing for multi-lingual and multi-modal content. Powered by Uber's foundational platforms for identity, verification, payments and more, this expands Uber's gig work model into the world of AI. A new data foundryA new service that provides ready-to-use and custom-collected datasets—including audio, video, image, and text—to train large AI models. Built with data collected by individuals around the world using Uber technology, the data foundry supports use cases on generative AI, mapping, speech recognition, and others, with built-in privacy and compliance. Agentic AI supportUber AI Solutions is offering the tools and data to help train smart AI agents, including realistic task flows, high-quality annotations, simulations and multilingual support, helping AI agents understand and navigate real-world business processes. Shared infrastructure for AI buildersUber is making its internal platforms available to enterprise clients. These are the same platforms Uber uses to manage large-scale annotation projects and validate AI outputs, and includes AI-powered smart onboarding, quality checks, smart task decomposition and routing, and feedback loops to ensure accuracy and efficiency. Building the human intelligence layer for AI With these advancements, Uber AI Solutions is poised to become the human intelligence layer for AI development worldwide—combining software, operational expertise, and its massive global scale. Looking ahead, Uber is building an AI-powered interface that will allow clients to simply describe their data needs in plain language, letting the platform handle setup, task assignment, workflow optimization, and quality management for scalable AI training. About Uber Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 61 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities. View source version on Contacts Uber Press Contact: press@
Business Times
4 days ago
- Automotive
- Business Times
Uber warns Hong Kong drivers and riders of possible new curbs
[HONG KONG] Uber Technologies is e-mailing Hong Kong users to raise concerns about rules the city is formulating, warning the government could cap the number of drivers or vehicles allowed on the platform. The San Francisco-based company said any such limit would reduce opportunities for drivers to earn money and could lead to more cancellations and longer wait times, according to the e-mails, which are being sent to 30,000 Uber drivers and 1.5 million people in the city who have used the service in the last year. Hong Kong is expected to release new ride-hailing regulations in the coming months after last year outlining long-awaited but ambiguous plans to regulate the industry. Those plans included imposing licenses on platforms and adopting tougher penalties for rule breaking. The Hong Kong government did not immediately respond to a request for comment. Uber has become a popular alternative to the city's local taxi services, which have for years drawn the ire of residents and tourists alike. The company launched in Hong Kong in 2014 and seven years later acquired the HKTaxi app, a widely used platform for hiring cabs. Uber offers traditional ride-hailing and services such as Uber Taxi, which allows users to book local taxis through the firm's own app. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Hong Kong taxi drivers in 2023 threatened to go on strike to protest the government's unwillingness to regulate ride-hailing services. Uber's presence has made it a target of Hong Kong's taxi industry, which says Uber deprives it of revenue each day and creates unfair competition. In March, Uber suggested regulatory measures such as ensuring platforms be licensed and have safety measures and insurance in place, and that drivers be licensed and pass background checks. Uber's general manager for Hong Kong, Estyn Chung, said people in the city value ride-sharing. 'We hope the government is considering a regulatory framework that prioritises safety, meets the needs of riders and drivers, and enables ride-sharing and taxis to grow side by side,' he said. In the US, Uber and rival Lyft have sent e-mails and used their apps to communicate with drivers and riders about proposed rules in various states and cities. Meanwhile, Uber may soon face increased competition in the city from China's Didi Global, which has been quietly recruiting new drivers in Hong Kong as it looks to grow outside of the mainland. BLOOMBERG
Yahoo
5 days ago
- Automotive
- Yahoo
Uber Technologies, Inc. (UBER) Is A Winner, Thinks Jim Cramer
Uber Technologies, Inc. (NYSE:UBER) is one of the . Uber Technologies, Inc. (NYSE:UBER) is the largest ride-sharing company in America. 2025 is proving to be quite a dynamic year for the firm as investor and industry attention focuses on autonomous ride-sharing platforms. In June, the NHTSA made a crucial announcement when it wrote in a letter that it would streamline the process for autonomous vehicles such as Tesla's Cybercab. Uber Technologies, Inc. (NYSE:UBER)'s shares have gained 33% year-to-date as they have benefited from a 22% jump in February and an 11% jump in May. One notable development in May was JPMorgan increasing the firm's share price target to $105 from an earlier $92 after holding discussions with the firm's management. Cramer discussed recent Stifel coverage of Uber Technologies, Inc. (NYSE:UBER): 'Carl two very well written pieces by Stifel today. One is a Buy for Uber . . .[it was] very, very compelling, Uber, stop worrying, stop fretting, about the self-driving. They think they're a winner. And I think [it].' In his previous remarks, Cramer advised viewers to buy Uber Technologies, Inc. (NYSE:UBER): A close up view of a hand holding a smartphone, using a ride sharing app. 'All right, here's my deal. Lewis, I've got to tell you, David Faber talked about this today. You know, David Faber killed it when he was interviewing Elon Musk and there was this thing underneath his picture that said Tesla's not going to buy Uber. I say you buy Uber. I think Uber is at the right level. It's down huge since that interview. Buy buy buy.' While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
5 days ago
- Automotive
- Yahoo
Uber Technologies, Inc. (UBER) Is A Winner, Thinks Jim Cramer
Uber Technologies, Inc. (NYSE:UBER) is one of the . Uber Technologies, Inc. (NYSE:UBER) is the largest ride-sharing company in America. 2025 is proving to be quite a dynamic year for the firm as investor and industry attention focuses on autonomous ride-sharing platforms. In June, the NHTSA made a crucial announcement when it wrote in a letter that it would streamline the process for autonomous vehicles such as Tesla's Cybercab. Uber Technologies, Inc. (NYSE:UBER)'s shares have gained 33% year-to-date as they have benefited from a 22% jump in February and an 11% jump in May. One notable development in May was JPMorgan increasing the firm's share price target to $105 from an earlier $92 after holding discussions with the firm's management. Cramer discussed recent Stifel coverage of Uber Technologies, Inc. (NYSE:UBER): 'Carl two very well written pieces by Stifel today. One is a Buy for Uber . . .[it was] very, very compelling, Uber, stop worrying, stop fretting, about the self-driving. They think they're a winner. And I think [it].' In his previous remarks, Cramer advised viewers to buy Uber Technologies, Inc. (NYSE:UBER): A close up view of a hand holding a smartphone, using a ride sharing app. 'All right, here's my deal. Lewis, I've got to tell you, David Faber talked about this today. You know, David Faber killed it when he was interviewing Elon Musk and there was this thing underneath his picture that said Tesla's not going to buy Uber. I say you buy Uber. I think Uber is at the right level. It's down huge since that interview. Buy buy buy.' While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
7 days ago
- Business
- Yahoo
Billionaires Sell Nvidia Stock and Buy a Robotaxi Stock Up 300% in 3 Years (Hint: Not Tesla)
The number of large institutional investors holding Nvidia declined 2% in the first quarter, while the number holding Uber increased 8% during the same period. Nvidia provides the hardware and software needed to build autonomous cars and robots, but DeepSeek's breakthroughs and chip export restrictions have weighed on the stock. Uber operates the largest ride-sharing platform in the world, which means the company is ideally positioned to aggregate demand for autonomous ride-sharing services such as Waymo. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is ideally positioned to be a major player in the market for physical artificial intelligence (AI), a technology that lets autonomous machines such as cars and robots understand, navigate, and interact with the real world. Nevertheless, certain hedge fund billionaires sold shares in the first quarter: David Tepper at Appaloosa sold 380,000 shares of Nvidia, reducing his position 56%. Steven Schonfeld at Schonfeld Strategic Advisors sold 901,900 shares of Nvidia, cutting his stake 72%. Meanwhile, those same hedge fund managers, and others, bought Uber Technologies (NYSE: UBER), a company well positioned to benefit from robotaxis and whose stock has soared 300% in the past three years. David Tepper added 1.7 million shares of Uber, upping his stake 113%. It ranks among his top 10 holdings. Steven Schonfeld added 50,400 shares of Uber, upping his stake 7%. It ranks among his top 30 holdings. Bill Ackman at Pershing Square Capital added 30.3 million shares of Uber, starting a new position that now ranks as his largest holding. More broadly, recently filed Forms 13F show that the number of large institutional investors (i.e., those with at least $100 million in securities) holding Nvidia declined 2% sequentially in the first quarter. Meanwhile, the number of large asset managers holding Uber increased 8%. Read on to learn more about these stocks. Nvidia is the market leader in data center graphics processing units (GPUs), chips that are the industry standard in accelerating complex workloads such as training machine learning models and running artificial intelligence (AI) applications. Importantly, Nvidia holds more than 90% of the market in data center GPUs, and the market is forecast to grow at 28% annually through 2030. Nvidia has also developed a robust software platform called CUDA. It comprises developer tools such as code libraries, frameworks, and pretrained models that streamline the building of AI applications across multiple disciplines. For instance, Nvidia Drive is a platform for autonomous vehicles, and Nvidia Isaac supports autonomous robots. In short, Nvidia brings together the data center systems, software development tools, and embedded systems (i.e., onboard computers that power autonomous cars and robots). That vertical integration is an advantage, because it lets Nvidia design systems with the lowest total cost of ownership, and developers need not waste time integrating products from multiple vendors. Looking ahead, Wall Street estimates Nvidia's earnings will increase at 28% annually over the next three years. That consensus makes the current valuation of 46 times earnings look fair. So why did certain hedge funds sell the stock in the first quarter? Profit-taking probably contributed, but I suspect they were also worried about exports controls and DeepSeek. However, while the Trump administration has restricted the export of H20 GPUs to China, it also revoked the Biden-era AI Diffusion Rule that would have limited sales to dozens of countries. And while the cost efficiencies DeepSeek achieved could hurt demand for Nvidia GPUs, many experts expect the opposite. Lower costs will make AI accessible to more companies, which should more than offset any decrease in demand. Uber leads the U.S. ride-sharing market with a 76% share, according to Bloomberg. It also ranks second in the restaurant food delivery market, with a 24% share. The company is also the market leader in ride-sharing services in nine other countries, and the market leader in food-delivery services in eight countries. Here's the two-part investment thesis for Uber: First, the company should be able to grow its market share in ride-sharing and food-delivery services as consumers lean into new product categories such as grocery and retail, and the Uber One membership program. In addition, advertising revenue should keep growing steadily as Uber collects more consumer data. Second, Uber is ideally positioned to serve as a demand aggregator for autonomous ride-sharing companies. The company values the U.S. market alone at $1 trillion, and CEO Dana Khosrowshahi recently told analysts, "Uber can deliver the lowest operational costs for our [autonomous vehicle] partners because we are leaps and bounds ahead on every aspect of the go-to-market capabilities." Importantly, Uber is already involved with several autonomous ride-sharing companies, including Alphabet's Waymo in Phoenix; Austin, Texas; and, soon, Atlanta. Uber also works with WeRide in Abu Dhabi and, soon, Dubai, and it plans to add 15 more cities in the next five years. Similarly, May Mobility plans to deploy thousands of robotaxis on Uber in the next few years, with an initial launch in Arlington, Texas, slated for late 2025. Uber stock currently trades at 15 times earnings, a discount to the one-year average of 40 times earnings. The present valuation looks quite reasonable for a company whose earnings are forecast to grow at 25% annually over the next three years. Patient investors should feel comfortable buying a small position today. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Alphabet, Nvidia, and Uber Technologies. The Motley Fool has a disclosure policy. Billionaires Sell Nvidia Stock and Buy a Robotaxi Stock Up 300% in 3 Years (Hint: Not Tesla) was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
