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Tag: Uber

Sony To Launch AI-Powered Ride-Hailing Service To Challenge Uber In Japan

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.

Car Tech

How Top Uber Lawyer Tony West And CEO Dara Khosrowshahi Convinced Waymo To Accept $250 Million Settlement

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 Pays $245M To Settle Self-Driving Tech Dispute With Waymo, Setting The Tone For Its Future

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 Selling Its XChange Leasing Portfolio To Startup Fair To Focus More On Its Core Business

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 Buys David Chang’s Food Delivery Service Ando

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 Promises Self-Driving Vehicles In 18 Months, Profitability Before 2022, And Flying Cars Within Next 10 Years

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

Uber Officially Closes Deal With SoftBank, Ballooning Travis Kalanick’s Net Worth

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 Accused Of Stealing Trade Secrets From Tesla

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

CES 2018: Get Ready For Uber Self-Driving Cars With Nvidia Tech On Board

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 Uber CEO Travis Kalanick Selling Large Portion Of His Shares Of Uber Stock

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

Uber Classified As Transport Service In Europe: Why Is This Bad For The Company?

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

Ex-Employee Accuses Uber Of Data Scraping, Wiretapping, And Physical Surveillance To Gain Competitive Advantage

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 Rider Charged $14,000 For A 20-Minute Trip That Should've Cost Around $20 Only

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

Uber Allegedly Had A Team Dedicated To Stealing Trade Secrets; Waymo Trial Delayed

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 Wants To Buy Uber Shares At 30 Percent Off: Should Uber Investors Take The Offer?

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

Uber Revealed Massive Hack To SoftBank First Before Going Public, Because $10 Billion

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

FTC Now ‘Closely Evaluating’ Massive Uber Data Breach, European Regulators Are On It, Too

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

When Uber Discovered A Major Security Breach, It Paid Hackers To Keep It A Secret: Report

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 To Buy 24,000 Volvo SUVs For Driverless Fleet

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 Forms AI Church With A Robot God And A Gospel Called 'The Manual'

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 To Make Massive Uber Investment: Will This Solve The Ride-Hailing Company's Problems?

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 Offered Uber Chance To End Legal Battle: It Just Had To Pay $1 Billion, Issue Public Apology

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

Uber App For iOS May Have Secretly Taken iPhone Screenshots, And Apple Allowed It

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

Change Is Coming To Uber: Travis Kalanick Gets Reduced Power, SoftBank Deal Moves Forward

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

Travis Kalanick Surprises Uber Board Members By Appointing Two New Directors: A Calculated Power Move?

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

It's Over For Uber In London: City Declares Ride-Hailing Service Not Fit And Proper

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

Waymo Wants Uber To Pay $2.6 Billion For Allegedly Stealing One Trade Secret

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

Waymo vs Uber: Alphabet Pushes To Postpone Legal Battle Over Self-Driving Car Secrets

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 Adds To Uber's Problems With Rumored $1 Billion Investment In Lyft

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

Uber In Trouble Again: FBI Investigating 'Hell' Software That Was Used To Spy On Lyft Drivers

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 To Take Uber Public In 18 To 36 Months, But It Must ‘Pay The Bills’ Before Taking ‘Big Shots’

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 Picks Up Its New CEO, But Also A New Scandal: US Department Of Justice Now Investigating Alleged Bribery Practices

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

The New CEO Of Uber Is Expedia Chief Dara Khosrowshahi, And He Has A Tough Job Ahead Amid Company Scandals

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 Despite All The Drama, But Still Needs To Get Its Act Together Soon

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 vs. Uber: Anthony Levandowski Reveals Why He Stole The Files, But The Judge Doesn’t Buy It

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 On Tight Leash, Required To Go Through Data Privacy Audits For The Next 20 Years

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

Amid Fraud Lawsuit Against Travis Kalanick, Some Uber Investors Retaliate By Asking Benchmark To Vacate Its Board Seat

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

Things At Uber Just Got Worse: Benchmark Is Now Suing Former CEO Travis Kalanick For Fraud

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

Travis Kalanick Won’t Return As CEO, Says Uber Board Member: Search For ‘World-Class CEO’ Still Underway

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

With Meg Whitman Out, Uber’s Candidate List For Next CEO Is Just A Roomful Of Males

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 Is Now Working On Its Own Technology For Self-Driving Cars

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 Merger With Russian Rival Yandex On The Horizon: Another Loss For The Ride-Hailing Service After Exiting China

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

Waymo vs Uber Legal Battle Sees 3 Out Of 4 Patent Claims Against Ride-Hailing Company Dropped

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 Is Now Allowing You To Request A Ride For Other People

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

Former Uber CEO Travis Kalanick Knew Self-Driving Car Chief Stole Google Secrets, Says Waymo

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

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