At the top, it’s hard to know where else to go. In an interview on Harry Stebbings’ 20VC podcast published on Monday, Andrew Macdonald, Uber’s chief operating officer and president, said that finding new businesses can be challenging when the company’s core business is already so large. Call it the “classic innovator’s dilemma,” he said.
A hacking and extortion gang has taken credit for a cyberattack and data breach at Uber Freight, the ride-sharing giant’s logistics subsidiary. A spokesperson for Uber Freight told Reuters, which first reported the incident, that there was no effect on its business operations and that its systems were running normally (The company did not immediately
Uber believes it’s found a solution to its AI spending problem after it blew through its budget for the technology in just the first few months of the year. In an interview with The Information earlier this year, Uber chief technology officer Praveen Neppalli Naga admitted he went “back to the drawing board” on allotted
Another former Uber executive is joining Travis Kalanick’s robotics and industrial AI startup Atoms, just a few weeks after it raised $1.7 billion. Gautam Gupta, the former finance chief under Kalanick, said in social media posts on Wednesday that he has joined Atoms as chief financial officer. Gupta spent more than four years at Uber
Uber is shutting the door on its infamous tokenmaxxing era. In a Wednesday X post, Uber CTO Praveen Neppalli Naga said the company is seeing some “very interesting trends on AI costs,” and that this was “another signal that we’re coming to the end of the so-called ‘tokenmaxxing’ era.” Tokenmaxxing is an enterprise AI trend
After Uber and Waymo ended their partnership in Phoenix earlier this year, experts and robotaxi watchers wondered whether the companies’ improbable bromance was fraying. Not so, Uber CEO Dara Khosrowshahi said today. The two companies are committed to continue working together in Atlanta and Austin, and the partnership remains “very strong.” “Waymo is a very