Fox Business Alert. Your next Uber ride could be a thousand feet in the air. The ride hailing platform is teaming up with electric vehicle takeoff and landing company Joby Aviation to launch Uber Air.Shares of both companies flying high on the news that riders will be able to seamlessly book a Joby all electric air taxi directly through the Uber app. The feature is expected to launch later this year starting in Dubai. Joining me now first on Fox Business is Joby Aviation founder and CEO Joe Ben Bever.Joe Be ...

Hedge fund manager Bill Ackman has significant stakes in Uber, Amazon, Alphabet, and Meta Platforms.Billionaire Bill Ackman hopes to re-create Warren Buffett's success by turning Howard Hughes Holdings into a "modern-day version of Berkshire Hathaway." His vision started to take shape in December when Howard Hughes announced plans to acquire specialty insurance and reinsurance company Vantage Group.Ackman plans to create an insurance-focused investment company, as Buffett did with Berkshire. Whether he achi ...

Car insurance for rideshare drivers is tricky because your personal auto policy may not cover you the whole time you’re driving for Uber, Lyft, or a delivery app. Coverage can change depending on whether you’re waiting for a request, on the way to pick someone up, or actively driving a passenger. To find the best insurance for rideshare drivers, Yahoo Finance analyzed 20 major insurers across rideshare availability, full coverage rates, discounts, coverage options, and protective add-ons like accident for ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Uber Good morning! Here's the latest in trending:AI bellwether: Nvidia's (NVDA) stock barely budges despite blowout earnings. Limited H200 shipments have been approved to China, while CEO Huang pushed back on AI cannibalization fears in the software sector.Day in court: A 20-year-old woman, who sued Meta's (META) Instagram and Alphabet's (GOOGL) YouTube in a landmark social media addi ...

Core Insights - Uber announced the launch of air taxi services in Dubai by the end of 2026, allowing users to book rides directly through the Uber app, marking a new option for urban transportation [1] Group 1: Service Details - The air taxi service will utilize electric aircraft developed by Joby Aviation, capable of carrying up to 4 passengers, with all flights operated by professional commercial pilots to ensure safety [1] - Four vertical takeoff and landing sites will be established in Dubai, strategically connecting key transportation hubs and landmarks, including Dubai International Airport and prominent shopping centers [1] Group 2: Strategic Collaboration - Both Uber and Joby Aviation have high expectations for the air taxi service, with Uber's Chief Product Officer stating that this advanced mode of air travel will significantly change urban transportation dynamics [4] - The booking process for the air taxi service will be user-friendly, similar to booking a regular ride, and will include Uber Black premium ground transportation for a seamless travel experience [4] Group 3: Future Expansion Plans - Currently, there are no plans to immediately expand the service to the U.S., as Joby Aviation is nearing completion of certification with the Federal Aviation Administration, preparing for global expansion [4] - Joby Aviation aims to extend its air taxi services to cities like New York and Los Angeles in the U.S., as well as international markets such as the UK and Japan after obtaining regulatory approvals [4] Group 4: Historical Context - The launch of the air taxi service in Dubai represents a significant milestone in the partnership between Uber and Joby Aviation, which began with Uber's acquisition of Joby's Elevate business and a $75 million investment in 2020 [5] - Following a period of divestment in autonomous driving initiatives due to decreased demand during the pandemic, Uber has been re-establishing its presence in the autonomous taxi sector through collaborations with companies like Lucid and Nuro [5]

On Feb. 23, Uber announced yet another acquisition, one that's set to ensure users keep coming to the app, even when they don’t need a ride or food delivery. The latest in the series of partnership and expansion announcements keeping Uber busy is its acquisition of SpotHero, a leading North American parking reservation platform. The deal is monumental and underscores Uber’s push to become an all-in-one transportation app. While the financial terms of the deal were not disclosed, the transaction is expec ...

Funding and Valuation - Autonomous driving startup Wayve has raised $1.2 billion in a Series D funding round, bringing its valuation to $8.6 billion [2][3] Investment and Partnerships - The funding round included participation from major companies such as Microsoft, Nvidia, and Uber, as well as automakers like Mercedes-Benz, Nissan, and Stellantis [3] - Uber plans to invest additional milestone-based capital to support the global scaling of Wayve-powered robotaxi deployments, as part of a broader $1.5 billion package aimed at commercial rollout [3] Future Plans - Wayve intends to launch commercial robotaxi trials in 2026 and deploy supervised autonomy software in consumer vehicles starting in 2027 [3] - CEO Alex Kendall emphasized the goal of building a total addressable market that encompasses every vehicle, aiming to create an autonomy layer that can power any vehicle globally [4] Industry Trends - Uber is expanding into the eVTOL space with Uber Air, allowing users to book all-electric air taxi rides through the Uber app, in collaboration with Joby Aviation [4][5]

Joby Aviation (NYSE:JOBY) shares are up on Wednesday as the company is launching Uber Air powered by Joby. It is a significant step in their partnership with Uber Technologies, Inc. (NYSE:UBER) .This development comes as the broader market experienced positive momentum, with major indices like the S&P 500 and Nasdaq showing gains.Joby announced that it expects to carry its first passengers later this year in Dubai, marking a pivotal milestone in their collaboration with Uber.This partnership aims to integra ...

Uber riders can hail a car, motorbike, or boat, depending on where they are in the world. Soon, helicopter-like air taxis will join that list. Passengers will be able to book an air taxi ride through the Uber app in Dubai before the end of 2026, the company said on Wednesday. The option will use flying electric vehicles created by startup Joby Aviation.Joby's aircraft can fit up to four passengers and are flown by commercial pilots, the companies said. Joby will operate four landing locations, or "vertiport ...

From 2026, consumers will experience Wayve-powered robotaxis through commercial trials with Uber. From 2027, they will be able to buy passenger vehicles equipped with Wayve’s AI Driver, starting with L2+ “hands-off” capability that allows the vehicle to steer, navigate and respond to traffic under driver supervision.Wayve licenses its AI Driver directly to automakers, providing tools to customise driving models for specific vehicles and brands. The system runs entirely on onboard vehicle compute and embedde ...