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Bloomberg18d agoneutral
AI Is Replacing Customer Service Jobs at CBA, Microsoft, Uber

(Bloomberg) -- AI’s decimation of call center jobs has begun.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapCitadel Securities Sees Warsh Delivering Surprise Fed Rate HikeChip Rout Deepens on Circular Funding, China Competition FearsCompanies ranging from the Commonwealth Bank of Australia and Microsoft Corp. to Uber Technologies Inc. and Hyatt Ho

Investing.com22d agobullish
Uber under pressure: Waymo partnership on the brink

Investing.com -- Uber Technologies (NYSE: UBER) shares skidded 4% on Friday, with losses accelerating in the final hour of trading following a revealing Financial Times report that Alphabet’s Waymo is eyeing the exit ramp on their alliance. According to the report, the self-driving car company is holding internal discussions about terminating its current agreements with the ride-hailing giant, which presently include joint operations in Austin and Atlanta. The Breakdown Uber has confirmed the fr

Bloomberg23d agoneutral
NJ Transit Avoids World Cup Meltdown After Pouring in Millions

(Bloomberg) -- New Jersey Transit, the much-maligned rail system linking the state with New York City, emerged as a surprise winner in this year’s FIFA World Cup. But it came at a significant cost. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending

Bloomberg23d agobullish
Intel Needs More Than Blowout Earnings as Chips Rally Falters

(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Le

Bloomberg23d agobearish
Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI

(Bloomberg) -- Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to

Uber, Lyft win court block on NYC law requiring notice before firing drivers
Reuters24d agoneutral
Uber, Lyft win court block on NYC law requiring notice before firing drivers

July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps ‌without advance notice, ruling that the novel law is unconstitutional. District Judge Gregory ‌Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits ​a small fraction of drivers while interfering with the ride-hailing companies' right to police the safety of their platforms.

Investing.com28d agoneutral
Does ‘token shock’ hurt AI adoption?

Investing.com -- Rising consumption costs could slow enterprise adoption of generative and agentic artificial intelligence, as companies struggle to match growing token usage with measurable returns, Bernstein said in an analyst report.

Bloomberg29d agobearish
Lucid Shares Shake Off Bankruptcy Fears to Rebound from 57% Rout

(Bloomberg) -- Lucid Group Inc., the electric-vehicle maker, said it isn’t considering a bankruptcy, and so far, the market believes it.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps Plan to End Visa-Free Entry for Indian TouristsThe Saudi-backed company i

Factbox-How Uber, Delivery Hero and rivals stack up in global food delivery
Reuters30d agoneutral
Factbox-How Uber, Delivery Hero and rivals stack up in global food delivery

July 16 - Uber will buy Delivery Hero in a deal valuing ‌the German firm at $14.8 billion ‌to create the largest food-delivery group outside China ​and stave off intensifying competition. The transaction continues a consolidation spurred by a slowdown in orders from the pandemic peaks as ‌well as ⁠pressure to improve margins. Here are details on how the food-delivery companies ⁠stack up globally: Company Region Revenue Employees Market Notes cap DoorDash USA/Global $13.71 billion 31,400 $82.86 Purchased in fiscal 2025 employees billio Deliveroo for worldwide, n $3.9 billion as of in 2025 December 31, 2025 Meituan China 364.85 billion 111,298 $68.70 About ​3.3% yuan ($53.91 full-time billio o...

Uber Reaches Deal for $14.8 Billion Takeover of Delivery Hero
The Wall Street Journal30d agobullish
Uber Reaches Deal for $14.8 Billion Takeover of Delivery Hero

Uber Technologies agreed to acquire Germany’s Delivery Hero in a deal that values the German food-delivery company at $14.8 billion and seeks to strengthen the U.S. tech company’s footprint in international markets. The San Francisco-based company said Thursday that it entered into a combination agreement with Delivery Hero under which it will offer 41.50 euros a share in cash.

Uber launches $14.8 billion offer for Delivery Hero to create global platform
Reuters30d agoneutral
Uber launches $14.8 billion offer for Delivery Hero to create global platform

Uber on Thursday launched a public takeover offer for Delivery Hero that values the German food delivery company at $14.8 billion and would create the world's ‌largest food-delivery firm outside China. The acquisition advances the U.S. ride-hailing firm's efforts to build a global ‌presence in the food-delivery business as it faces intensifying competition from rivals such as DoorDash, which has been expanding aggressively abroad. Uber, which has made the acquisition conditional on a minimum acceptance threshold of 50% plus one share, will offer €41.50 ($47.58) in cash per share.

Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
Reuters31d agoneutral
Uber nears €12.5bn deal to acquire Delivery Hero, FT reports

Uber is set to take over Delivery Hero in a deal valuing the German food ‌delivery company at about €12.5 billion ($14.34 billion), the Financial ‌Times reported on Wednesday. Delivery Hero confirmed it was in advanced negotiations with Uber ​regarding a potential takeover offer on Tuesday. • Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would expand the Uber Eats ‌food-delivery network in ⁠Europe, the Middle East, Asia and Latin America.