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Uber: Commercialized Autonomous Driving Presents Significant Potential
Seeking Alpha· 2024-09-16 09:19
t th ri 5./15 WEST I continue to view Uber Technologies (NYSE:UBER) stock as a compelling Buy opportunity, with the company being on track to execute on a robust growth trajectory and strategic positioning in both ride-sharing and food delivery markets. In my view, the company's proven ability to drive revenue growth, improve profitability, and expand into new verticals is laudable. Additionally, Uber's strategy in commercializing autonomous driving presents significant potential for long-term value creatio ...
Uber: Rideshare Moat Remains Undisputed, Tesla's Robotaxi Poses Risk Ahead
Seeking Alpha· 2024-09-15 16:30
Andrii Dodonov UBER's Investment Thesis Remains Promising - Albeit With Inherent Growth Risks We previously covered Uber Technologies, Inc. (NYSE:UBER) in June 2024, discussing why we had reiterated our Buy rating upon the mixed FQ1'24 earnings call, thanks to the improved margin of safety and its undisputed moat in the ride share market. Even so, with Tesla's (TSLA) Robo-Taxi event coming on October 10, 2024, we might also see moderate volatility in UBER's stock prices, with it remaining to be seen if thei ...
Uber's Bold Step Into Driverless Rides: Here's What It Means for the Future of Travel
Thedogofwallstreet· 2024-09-14 15:31
Uber's Bold Step Into Driverless Rides: Here's What It Means for the Future of Travel Will Waymo Partnership Make Uber the King of Robotaxis? Alfonso holds a Bachelor's degree in Economics. With his expertise in financial markets, he delivers insightful analysis and investment strategies. Off work, he enjoys playing soccer, combining his passion for sports with his financial acumen. Uber is taking a giant leap into the future, and it involves zero human drivers. Starting in 2025, you'll be able to hail a fu ...
Uber Technologies: It's All About Cleaning The P&L And Stopping Dilution (Rating Upgrade)
Seeking Alpha· 2024-09-14 10:52
a 10 h t ma III t th 1 Klaus Vedfelt There aren't many companies at Uber's scale (NYSE:UBER) that showcase as attractive long-term opportunities for growth, margin expansion, and increasing cash flows. While the autonomous vehicle threat is the popular explanation for Uber's underperformance in recent months, I argue that Uber is perfectly positioned to benefit from AVs. Instead, I offer my own explanation - Uber needs to continue cleaning its financial profile, accelerate shareholder returns, and show cons ...
Uber is Launching Driverless Rides With Waymo: Here's Where You Can Book Them
CNET· 2024-09-13 21:39
It'll soon become easier to hail a self-driving ride -- if you live in Austin or Atlanta. Uber and Waymo, the driverless arm of Google's parent company Alphabet, are teaming up to bring the robotaxi service to the two cities via the Uber app. Starting in 2025, Uber will manage and dispatch Waymo's fleet of fully autonomous, all-electric Jaguar I-Pace vehicles, so you can choose a ride without a driver when embarking on your journey. "Waymo's mission is to be the world's most trusted driver, and we're excite ...
Uber Is Expanding Waymo Driverless Rides to Austin and Atlanta
Investopedia· 2024-09-13 16:35
Key Takeaways Uber plans to add Waymo driverless vehicles in Austin and Atlanta next year. Uber said the number of vehicles in those two cities will "grow to hundreds over time." The ride-share provider already offers Waymo rides in Phoenix. Uber Technologies (UBER) shares jumped Friday after the ride-share provider said it would expand its partnership with Alphabet-owned (GOOGL) autonomous vehicle technology firm Waymo to add more driverless car rides. Uber said the service will be offered in Austin, Texas ...
Waymo robotaxis will be on the Uber app in Austin, Atlanta in early 2025
TechCrunch· 2024-09-13 13:06
Uber riders in Austin and Atlanta will be able to hail a Waymo robotaxi through the app in early 2025 as part of an expanded partnership between the two companies. Waymo's autonomous vehicles have been available on the Uber app in Phoenix since October 2023. This expansion comes at a time when Uber has been snatching up self-driving partnerships across its ride-hail and delivery verticals. Last month, Uber announced partnerships with GM's Cruise and the U.K.'s Wayve. Waymo runs its own commercial autonomous ...
Uber announces expansion of Waymo partnership to Austin and Atlanta
CNBC· 2024-09-13 13:00
In this article GOOGL UBER A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Uber announced Friday it is expanding its partnership with Alphabet's Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Uber riders in those cities can be matched with a driverless Waymo car for some trips, according to the companies. The rides will only be available th ...
Uber's Massive Play in Autonomous Vehicles
The Motley Fool· 2024-09-12 10:30
Uber isn't making autonomous vehicles, but it may make a lot of money on autonomous vehicles anyway. Uber (UBER 1.62%) is out of the autonomous driving technology business, but that doesn't mean it's out of autonomous vehicles entirely. In fact, it has announced some major partnerships with autonomous driving leaders. In this video, Travis Hoium explains how Uber will be impacted by autonomous vehicles in the future. *Stock prices used were end-of-day prices of Sept. 11, 2024. The video was published on Sep ...
Uber Runs on Oracle Cloud Infrastructure
Prnewswire· 2024-09-11 12:02
OCI helps power more than one million trips every hour and 14 million predictions per second OCI helps power dozens of AI models that are used in every Uber trip LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- Oracle CloudWorld -- Uber, the largest on-demand mobility and delivery platform in the world, relies on Oracle Cloud Infrastructure (OCI) to help support the rapid growth and more than one million trips that Uber powers every hour. Uber has modernized its application tier and AI infrastructure and migrated ...