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Uber and Microsoft Curb AI Spending, Citing Triple-Digit Cost Surges
Companies are reducing artificial intelligence spending after operational costs doubled or tripled. Some firms exhausted their annual AI budgets within a few...
Uber raises Delivery Hero stake to 37%, targeting full takeover
Uber Technologies Inc. increased its ownership in German food-delivery firm Delivery Hero to 36.83%. The company purchased a block of shares from Aspex...
Uber Increases Stake in Delivery Hero to 24.99%
Uber Technologies Inc. increased its stake in Berlin-based Delivery Hero SE to 24.99%. The previous holding was 19.5%. A regulatory filing on Wednesday...
Trial Lawyers Oppose Uber-Backed Amendment in U.S. Highway Bill
A national trial lawyers' group vows to fight an Uber-supported amendment to a major U.S. highway bill. Rep. Vince Fong (R-CA) introduced the amendment. The...
Uber Eyes €10 Billion Delivery Hero Takeover, Following Shareholder Rejection
Uber Technologies is considering raising its takeover bid for German food delivery giant Delivery Hero. A major shareholder recently rejected an initial...
Massachusetts certifies first US rideshare union, covering 70,000 Uber and Lyft drivers
The Massachusetts Department of Labor Relations certified the App Drivers Union (ADU) as the first state-recognized rideshare union in the United States. The...
Uber eyes higher Delivery Hero bid, following rejected €38 offer
Uber Technologies is evaluating an increased takeover bid for Germany’s Delivery Hero. The board met to strategize after an initial €33 per share proposal was...
Uber Weighs Higher Delivery Hero Bid, After Shareholders Reject €38 Offer
Uber Technologies is considering a higher acquisition offer for German food delivery firm Delivery Hero. Uber’s board met to discuss increasing the bid after...
Delivery Hero Confirms €33 Uber Takeover Bid Amid Rival DoorDash Interest
Delivery Hero confirmed an indicative takeover proposal from Uber Technologies Inc. at €33 per share. Uber recently increased its stake in the German food...
Uber Weighs Delivery Hero Takeover to Expand International Footprint
Uber Technologies is reportedly exploring a full acquisition of European food delivery rival Delivery Hero. The potential deal aims to expand Uber's...
Uber Partners with JSW Group to Accelerate EV Adoption in India
Uber partnered with Indian conglomerate JSW Group to deploy electric vehicles (EVs) for its ride-hailing service across India. JSW Group will supply these EVs...
Uber doubles Delivery Hero stake to 19.5%, becoming largest shareholder
Uber Technologies more than doubled its stake in German food delivery firm Delivery Hero. The company now holds approximately 19.5% of issued capital. This...
Uber Bids $5.3 Billion for Korea’s Baemin, Seeking Market Dominance
Uber Technologies Inc. and South Korean internet firm Naver reportedly submitted a bid of 8 trillion won ($5.34 billion) for Baedal Minjok (Baemin). The...
Uber Faces Service Disruptions in India Amid Nationwide Gig Worker Strike
The Gig and Platform Service Workers Union (GIPSWU) called a five-hour nationwide strike in India for May 16, 2026. This protest targets recent fuel price...
Uber slams Waymo tech, investing $10 billion in rival autonomous alternatives
Uber executives are publicly criticizing partner Waymo, signaling growing friction over autonomous vehicle technology. Uber’s CTO recently described a scary...
Uber Targets 8 Trillion Won Baemin Deal, Seeking South Korea Return
Uber Technologies Inc. is exploring an acquisition of Woowa Brothers, the operator of South Korea’s leading food delivery app Baemin. The company is currently...
Uber to Launch Two India Tech Centers, Creating 9,600 New Jobs
Uber will open two new technology centers in Bengaluru and Hyderabad by the end of 2027. CEO Dara Khosrowshahi announced the expansion following a partnership...
Uber taps Adani for first India data center, targeting global scale
Uber is partnering with the Adani Group to establish its first-ever data center in India. CEO Dara Khosrowshahi met with Chairman Gautam Adani to confirm the...
Uber CEO Signals Major India Expansion in High-Level Government Meeting
Uber CEO Dara Khosrowshahi met Indian Finance Minister Nirmala Sitharaman on Tuesday. They discussed Uber's investment strategy and expansion plans. Uber...
Uber Warns Hong Kong Ride-Hailing Cap Could Disrupt Service and Increase Fares
Uber warns a proposed Hong Kong cap of 10,000 to 15,000 ride-hailing licenses will not meet passenger demand. This limit threatens service availability for...