Sony has announced that it teamed up with six taxi companies in Japan to launch an AI-powered ride-hailing service. Uber announced similar plans shortly after, so the two will likely go head to head.
The nasty legal fight between Uber and Waymo over self-driving technology has officially come to a close, with Uber settling for $245 million. How did that happen?
Business Tech February 11, 2018
Uber reached a $245 million settlement with Waymo to end their legal dispute over stolen self-driving technology. Uber CEO Dara Khosrowshahi also released a statement that sets the tone for the company's future.
Car Tech February 9, 2018
Uber decided to sell its Xchange leasing portfolio to startup Fair in a bid to concentrate on its core business. Uber will still lease vehicles to drivers through an exclusive deal with Fair in the United States.
Business Tech January 30, 2018
UberEats acquired David Chang’s delivery food service startup Ando. The company announced it will cease operations immediately. The move could signal the service’s first step into food preparation.
Business Tech January 24, 2018
Uber CEO Dara Khosrowshahi is in charge of repairing the reputation of a company besieged by a variety of alleged shady practices and scandals. The ride-hailing service's future looks bright, though, due to promises that the executive made.
Car Tech January 24, 2018
Japanese corporation SoftBank has officially completed a multi-billion dollar investment to Uber. The sale includes an additional $1.25 billion investment directly into the ride-hailing company.
Business Tech January 19, 2018
Anthony Levandowski who was previously accused of stealing trade secrets from Google for Uber has now been charged again. In a lawsuit filed by his former nanny, he allegedly paid a Tesla employee for trade secrets.
Car Tech January 17, 2018
Uber and Nvidia have taken to CES 2018 to announce a new collaboration for Uber's next-generation fleet of self-driving cars. Nvidia will provide the advanced AI computing system for Uber's future autonomous vehicles, aiming to revolutionize transportation.
CES 2018 January 8, 2018
Former CEO of Uber Travis Kalanick will be off-loading a large portion of his shares in the company. Kalanick originally wanted to sell half of but will instead let go of one-third of his shares in Uber.
Business Tech January 6, 2018
The Court of Justice of the European Union just issued its final verdict in a multi-year case, classifying Uber as a transport service. This means that Uber has to comply with tighter transport regulations in the EU Member States.
Business Tech December 20, 2017
The court received new evidence that revealed some of Uber's unlawful activities. Another ongoing investigation plans to use the evidence for the company's lawsuit with Waymo.
Business Tech December 16, 2017
Uber charged a rider in Canada 18,000 Canadian dollars or $14,000 for a 20-minute trip. The 5-mile ride was supposed to be around $20 only.
Business Tech December 13, 2017
A former staffer claimed that Uber had a team dedicated to stealing trade secrets, with employees using a messaging system that left no paper trail. U.S. District Judge William Alsup then indefinitely postponed the trial between Uber and Alphabet's Waymo.
Business Tech November 29, 2017
SoftBank and a group of investors are looking to buy Uber shares at a price that values the ride-hailing company at a 30 percent discount. According to an analyst, the low price takes into consideration all the controversies surrounding Uber.
Business Tech November 28, 2017
SoftBank conducted a due diligence investigation before pouring billions of dollars in Uber, and secrets came out. Uber told SoftBank about its 2016 data breach before disclosing it to consumers and regulators.
Business Tech November 25, 2017
It appears investigations are now being prompted after Uber’s shocking data breach revelation. In 2016, 57 million Uber accounts were put at risk, and the company paid hackers ransom money to keep quiet about the incident.
Business Tech November 24, 2017
Uber paid two hackers $100,000 to keep quiet about a massive data breach, current CEO Dara Khosrowshahi has admitted. Fifty-seven million driver and rider accounts were put at risk.
Security November 22, 2017
Uber has signed a deal to purchase 24,000 Volvo SUVs for its driverless fleet, starting from 2019 till 2021. The premium carmaker is one of the most advanced car makers in the world and produces one of the safest architecture for driverless cars.
Car Tech November 21, 2017
Ex-Google Engineer, Anthony Levandowski, built an AI religion of the future. He will act as the dean of this organisation, which will have an AI church, a Gospel called 'The manual'.
Computers November 21, 2017
SoftBank, the Japanese multinational corporation that purchased Sprint in 2013, will make an up to $10 billion investment into Uber. How will its new investor help solve Uber's long list of problems?
Business Tech November 13, 2017
Waymo has reportedly gave Uber a chance to end the legal dispute between the two companies through the payment of $1 billion and the issuance of a public apology. Uber, however, has rejected the terms of the offer.
Google October 12, 2017
Another controversy has struck Uber, as its iOS app was discovered to have the ability to take screenshots of users' iPhones. Surprisingly, Apple actually gave Uber permission to use the code in its app.
Apps/Software October 6, 2017
Uber is about to get a significant investment from SoftBank, but it had to approve drastic changes to make that happen. For starters, one share now only equals one vote, meaning Travis Kalanick will have less power over the board.
Business Tech October 4, 2017
In what’s seen as a move to reassert his control of the company, Travis Kalanick has appointed two new Uber board directors. This has caused further rift among Uber’s already-rocky board.
Business Tech September 30, 2017
Uber can add London to the cities it’s no longer welcome in. Transport for London has declined to renew Uber’s license to operate in the city, leaving the ride-hailing company with 21 days to appeal.
Business Tech September 22, 2017
Alphabet’s Waymo is asking Uber to pay $2.6 billion in damages for a trade secret it claims one former Uber executive stole. The trial date for the high-stakes legal battle is set on Oct. 10.
Business Tech September 21, 2017
After acquiring the 'due diligence' report from Uber, Alphabet is now asking to postpone the trial scheduled in October, saying it needs 'additional time to pursue this mountain of new evidence.'
Business Tech September 18, 2017
Google parent Alphabet is reportedly considering to make a $1 billion investment into ride-hailing startup Lyft. This would make it an even bigger thorn on the side of Uber, which is in a legal battle with Alphabet's self-driving unit Waymo.
Business Tech September 15, 2017
The FBI has launched an investigation into whether the Hell program of Uber, which it used to spy on Lyft drivers, illegally interfered with its rival's business. New Uber CEO Dara Khosrowshahi has rough times ahead.
Business Tech September 9, 2017
Dara Khosrowshahi held an all-hands meeting at Uber where he discussed his plans for Uber’s future. The ride-hailing company’s business and culture are his top two priorities.
Business Tech August 31, 2017
Uber has finally decided on Dara Khosrowshahi as its new leader. Should he accept the job, his first new scandal is the company’s alleged bribery practices in other countries.
Business Tech August 30, 2017
Uber’s two-month search for a new CEO has come to an end. The company has picked Expedia Chief Dara Khosrowshahi to replace Travis Kalanick, but actually, it’s not a fabulous job.
Business Tech August 28, 2017
Uber did better in the second quarter compared to the first quarter, as the ride-hailing service booked higher revenues. The company improved its performance despite all the drama and turmoil, but it still needs to solve these problems quickly.
Business Tech August 24, 2017
Waymo’s case against Uber has now taken to a turn favor of the Google-owned company. The judge has ruled that Uber can’t present what Anthony Levandowski claims is the reason why he downloaded Google’s files for self-driving technology.
Business Tech August 19, 2017
Uber has been placed on a tight leash by the FTC, as the ride-hailing service agreed to a settlement over various charges. One of the requirements is for Uber to go through data privacy audits for the next 20 years.
Business Tech August 16, 2017
A group of Uber shareholders has now called to relieve Benchmark of its board seat and appointment rights after it sued former CEO Travis Kalanick for fraud. This is the latest in Uber’s much-covered internal turmoil.
Business Tech August 12, 2017
Benchmark has filed a lawsuit against Uber’s former CEO, Travis Kalanick, for several instances of fraudulent behavior. It alleges that Kalanick is doing everything just to gain back his position.
Business Tech August 11, 2017
One of Uber’s board members has confirmed that Travis Kalanick will not be returning as the company’s CEO. Previous reports suggested Kalanick was planning to return Steve Jobs-style.
Business Tech August 8, 2017
Meg Whitman just bowed out of possibly helming Uber in place of ousted Travis Kalanick. The company’s board now struggles to decide on its next CEO, and it now has to pick from a bunch of men.
Business Tech August 1, 2017
Lyft has announced that it will begin work on technology for use in self-driving cars. Previously, the company said it would allow self-driving cars on its network, but would not develop the technology itself.
Car Tech July 21, 2017
Uber has agreed to a merger of its ride-hailing service in Russia with rival Yandex. The transaction is another loss for Uber after exiting China last year, as the company backs off from a once very aggressive international expansion push.
Business Tech July 14, 2017
Google’s self-driving unit, Waymo, has dropped three of its patent infringement claims against Uber. The move comes as the latest development in Uber and Waymo’s high-stakes dispute over autonomous car technology.
Business Tech July 8, 2017
Uber has unveiled a new feature that will allow users to request rides for people in their contacts list. This has benefits for everyone, but Uber's main focus is seniors.
Apps/Software June 27, 2017
As the Uber-Waymo lawsuit keeps unraveling, a new court filing claims that former Uber CEO Travis Kalanick knew about the information stolen from Google. Kalanick reportedly became aware of the matter last year.
Business Tech June 23, 2017