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Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'
Reuters69d agoneutral
Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'

Uber said its users could sign up from Monday for a chance to ride in London's first robotaxis ‌powered by AI technology from British start-up Wayve as soon as regulators ‌give the go-ahead for launch, which it expects in the coming months. Autonomous vehicles are a strategic priority ​for the ride-hailing company, and it has partnered with more than 30 firms across the world on self-driving freight, delivery and taxi services, with millions of autonomous trips already taken. In London, it is working with Wayve to launch services that will work as regular ‌UberX, Uber Electric or Uber ⁠Comfort, except the vehicle will be driven by AI.

Is Rivian Automotive, Inc. (RIVN) A Good Stock To Buy Now?
Insider Monkey69d agobullish
Is Rivian Automotive, Inc. (RIVN) A Good Stock To Buy Now?

Is RIVN a good stock to buy? We came across a bullish thesis on Rivian Automotive, Inc. on LongYield’s Substack. In this article, we will summarize the bulls’ thesis on RIVN. Rivian Automotive, Inc.’s share was trading at $16.95 as of June 1st. Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles. […]

Revenge of the AI bubble
Axios71d agoneutral
Revenge of the AI bubble

The AI bubble debate has lurched through at least three frenzied phases in the span of three years:

How The Investment Narrative Around Uber Technologies (UBER) Is Evolving For Investors
Simply Wall St.71d agoneutral
How The Investment Narrative Around Uber Technologies (UBER) Is Evolving For Investors

Analysts have left their price targets for Uber Technologies unchanged, signaling that expectations on valuation are currently steady. In the sections that follow, you will see how to track these kinds of updates over time so you can stay on top of the evolving analyst narrative around the stock. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space...

Lucid Stock Is Deeply Oversold and We See 45% Gains Ahead
24/7 Wall St.71d agoneutral
Lucid Stock Is Deeply Oversold and We See 45% Gains Ahead

Lucid (NASDAQ:LCID) has been a brutal hold over the past year, but our model now sees the risk/reward shifting back toward buyers. The stock trades at $6.17 after a 71.95% one-year drawdown, and our 24/7 Wall St. price target for Lucid is $8.94, implying 44.86% upside over the next 12 months. The recommendation is buy ... Lucid Stock Is Deeply Oversold and We See 45% Gains Ahead

Bloomberg71d agoneutral
SpaceX and Other Mega IPOs May Wait Years to Join the S&P 500

(Bloomberg) -- Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapWhat to Expect From Apple’s AI, Siri and iOS 27 Launch a

Uber Reshapes HR Team As Stock Trades Below Valuation Estimates
Simply Wall St.72d agoneutral
Uber Reshapes HR Team As Stock Trades Below Valuation Estimates

Uber Technologies (NYSE:UBER) is cutting 23% of roles in its People and Places division, a group that manages HR, recruitment, and workplace culture. The layoffs, which affect less than 1% of Uber’s global workforce, are focused on senior roles and are not tied to its AI initiatives. CEO Dara Khosrowshahi and President Jill Hazelbaker describe the move as an effort to streamline operations and sharpen organizational effectiveness. For investors watching NYSE:UBER at a share price of $72.21,...

Uber reveals an unexpected problem behind the AI boom
TheStreet72d agoneutral
Uber reveals an unexpected problem behind the AI boom

Every company in America is being told to embrace AI. Very few are being honest about what will happen when the bill arrives. Uber (UBER) just became one of the first major technology companies to publicly acknowledge a problem that is quietly spreading across corporate America: AI tools are ...