Uber Technologies (UBER 1.63%) operates the world's largest ride-hailing network, in addition to highly successful food delivery and commercial freight networks. The company is on the cusp of a major transformation thanks to autonomous technologies.Uber has signed 14 partnerships with developers of self-driving cars, robots, and even aircraft so far. Since human drivers are the company's largest cost right now, the shift to autonomous solutions could result in hundreds of billions of dollars in savings over ...

Partnership and Industry Trends - Uber Technologies Inc (NYSE: UBER) and Nvidia Corporation (NVDA) have established a partnership to collaborate on autonomous driving technology [2] - Nvidia has unveiled multiple similar partnerships at CES, indicating a growing trend in the autonomous driving sector [2] Investment and Portfolio Management - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, offering tools like a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room [2] - The investment strategy emphasizes building robust and diversified portfolios aimed at preserving and increasing wealth [2] Analyst Positions - The analyst holds beneficial long positions in NVDA, UBER, GOOGL, and AMZN through stock ownership, options, or other derivatives [3]

Autonomous Vehicle Development Impact - General Motors announced it will no longer fund the development of a specialized robotaxi under its Cruise division, citing the significant time and resources required to scale the business and increasing competition in the robotaxi market [2] - This decision led to a broader realignment within General Motors, merging the Cruise and technical divisions to focus on advancing the Super Cruise assisted-driving feature [2] - The news negatively impacted Uber's stock, which lost over 16% of its value in December, as the company is eager to adopt autonomous-driving technology to reduce reliance on human drivers [1][3] Market Reaction and Competition - General Motors' exit from the robotaxi market narrows competition in a future high-potential segment, as its mass-market vehicle production could have led to competitively priced robotaxis [4] - Despite the sell-off, the market's reaction may be an overreaction, as robotaxis are still in development and future competition could keep prices low [5] Uber's Business Diversification and Market Position - Uber faced additional pressure from a Bernstein SocGen analysis, which noted declining growth rates in the U.S. rideshare market and moved Uber down its stock preference list, though maintaining a buy recommendation and $95 price target [6][7] - Uber's management has successfully diversified the business, reducing reliance on the rideshare segment, and the company remains a key player in the industry [8]

Partnership Details - Delta Air Lines customers will earn SkyMiles on Uber rides to and from airports starting in spring [1] - Users earn 1 mile per dollar spent on UberX rides to and from airports [2] - 15% of Uber rides are booked to or from airports [2] - Delta customers earn 2 miles per dollar on premium Uber rides and 3 miles per dollar on Uber Reserve [3] - Customers earn 1 mile per dollar on Uber Eats orders of $40 or more [3] Competitive Landscape - Delta's partnership with Uber ends its SkyMiles collaboration with Lyft, which began in 2017 [4] - Lyft has partnered with Alaska Airlines since 2022 [4] - Uber had 161 million monthly active users at the end of Q3, compared to Lyft's 24.4 million [4] Additional Partnerships - Delta announced a partnership with Alphabet's YouTube to offer ad-free content to SkyMiles members on flights [5]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Partnership Announcement - Delta Air Lines will link its SkyMiles loyalty program to Uber, ending its eight-year partnership with Lyft [1] - The new partnership will allow Delta SkyMiles members to earn miles on Uber rides and Uber Eats orders [2] Mileage Earning Details - Delta SkyMiles members can earn 1 mile per dollar spent on UberX airport rides [2] - Members can earn 2 miles per dollar on premium rides like Uber Comfort and Uber Black [2] - Uber Reserve trips will earn 3 miles per dollar [2] - Uber Eats orders over $40 will earn 1 mile per dollar [2] Industry Context - Delta and other airlines have expanded partnerships for earning and using frequent flyer miles, generating billions of dollars for carriers [3] - Delta's other loyalty program partners include Starbucks, Hertz, and Ticketmaster [3] Transition Details - Customers with linked Lyft accounts can earn miles through April 7 [4] - Delta and Lyft will communicate directly with customers about the transition [4] - The partnership with Lyft has benefited loyal customers who have collectively earned billions of miles [4]

Uber Technologies, Inc.(UBER) is actively forging ahead to expand its ventures in the field of autonomous driving technology. To this end, UBER is gearing up to embark on a new journey through its strategic partnership with NVIDIA.The collaboration aims to enhance the development of AI-powered autonomous driving technology. This tie-up is expected to use Uber's huge data set (available from the multiple daily trips) embedded into NVIDIA's advanced platforms, the Cosmos and DGXCloud systems.NVIDIA Cosmos is ...

Uber will use Nvidia’s new generative world model simulation tool, Cosmos, and cloud-based AI supercomputing platform, DGX Cloud, to support the development of autonomous vehicle technology, the companies announced at CES 2025.Cosmos is being marketed to robotics and autonomy companies as a tool that generates physics-based videos from a variety of inputs, including 9,000 trillion tokens generated from 20 million hours of (likely copyrighted) video, which can be used to simulate realistic industrial and dri ...

Shares of Uber Technologies (UBER) gained 2.7% on Jan. 6, closing the trading session at $66.31. The uptick followed a significant move by the company to return value to its shareholders. UBER announced that it would start an accelerated $1.5 billion stock buyback program. To this end, the San Francisco, CA-based ride-hailing company entered into an accelerated share repurchase ("ASR") agreement with Bank of America (BAC) .Digging the Details of UBER’s Accelerated Share Repurchase AgreementThe $1.5 billion ...

Key TakeawaysUber Technologies and Nvidia will collaborate on accelerating artificial intelligence technology in autonomous vehicles.Uber will use Nvidia's Cosmos platform and DGX cloud to create AI self-driving models more efficiently.CEO Dara Khosrowshahi explained that AI will "power the future of mobility." Uber Technologies (UBER) shares rose in premarket trading Tuesday as the biggest ride-sharing company announced that it was teaming up with Nvidia (NVDA) to speed up the use of artificial intelligen ...