Uber Technologies Inc
Uber rolls out driverless robotaxis in Abu Dhabi
Driverless WeRide robotaxis for Uber. Courtesy: Uber Uber on Wednesday rolled out fully driverless rides in its fourth market, launching the service in Abu Dhabi in partnership WeRide, a Chinese autonomous vehicle company. The ride-hailing company said the launch in the United Arab Emirates capital represents the first driverless robotaxi service in the Middle East. […]
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These are the most oversold stocks in the market that are ripe for a near-term bounce
Several technology stocks that investors dumped over the past week could now be primed for a comeback, according to one popular momentum indicator. Even with Friday’s stock market gains, all the three major U.S. indexes suffered a losing week. The S & P 500 dropped nearly 2%, a fraction more than the 30-stock Dow Jones […]
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‘Robotaxi has reached a tipping point’: Baidu, Nvidia leaders see momentum as competition rises
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese robotaxi companies are expanding abroad at a faster clip than U.S. rivals Waymo and Tesla — at a time when industry leaders say autonomous driving is finally near an inflection point. “I […]
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Population 1,400: I stayed on a tiny Greek island where EVs take charge
Astypalea’s Chora, or capital. Ed Moskalenko | Getty Images The tiny, butterfly-shaped Greek island of Astypalea has all the ingredients for a relaxing vacation: myriad beaches with clear waters, great seafood and a castle perched above a traditional white town with winding alleys and views across the Aegean Sea. It’s also less developed than its […]
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Uber will start taking skiers to the slopes at over 40 resorts across U.S. and Europe
Omar Marques | Lightrocket | Getty Images With ski season approaching, Uber wants to take you to the slopes. The ride-hailing company on Thursday announced Uber Ski, which will allow users to book a ride to and from nearly 40 mountains in the U.S., Canada, Switzerland and France, according to a release. The services is […]
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This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes
Row of single-family detached houses in Alexandria, Virginia. Grace Cary | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
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Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]
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Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut
A Pony.ai autonomous car. Pony.ai China’s Pony.ai on Thursday saw its shares drop over 12%, while rival WeRide fell nearly 8% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed in the U.S., raised 6.71 billion Hong Kong dollars (about $860 million) and HK$2.39 billion, respectively in […]
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