The Rivian R2 is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on Nov. 23, 2025 in Los Angeles, California. Josh Lefkowitz | Getty Images Uber Technologies plans to invest up to $1.25 billion in electric vehicle maker Rivian Automotive as part of a deal to deploy up…
Uber signage on a vehicle at San Francisco International Airport (SFO) in San Francisco, California, US, on Monday, Feb. 2, 2026. David Paul Morris | Bloomberg | Getty Images For more than a decade, Alvaro Bolainez has ferried passengers around the Los Angeles area in his SUV as a rideshare driver. He’s never seen anything…
Samsung on Wednesday unveiled the Galaxy S26 series, its latest flagship smartphone lineup that puts Alphabet‘s Gemini artificial intelligence front and center. It gives the search giant’s AI technology a major mobile foothold just before it’s expected to power a revamped Siri on Apple‘s iPhones. The S26 is notable for the sheer number of AI…
The third annual CNBC Changemakers list of women transforming business and philanthropy, which launched on Wednesday, recognizes leaders at the forefront of AI and innovators across traditional fields, from finance to healthcare, retail, entertainment and sports. The 2026 Changemakers range from startup founders to high-profile stars such as Kim Kardashian, who grew Skims to a…
Uber to acquire SpotHero. Courtesy: Uber Technologies, Inc. Uber said it’s acquiring SpotHero, a company that provides a parking reservation app for crowded downtowns, sporting events and concerts. Terms weren’t disclosed, but Uber said on Monday that it plans to offer a “parking reservation experience, powered by SpotHero” within its own app to help users…
Lyft‘s stock tumbled 15% in extended trading on Tuesday after the ride-sharing company posted disappointing fourth-quarter results. Here how the company did versus LSEG estimates: Earnings per share: Not comparable Revenue: $1.59 billion vs. $1.76 billion Revenue grew 3% from a year ago. Bookings grew 19% year over year to $5.07 billion, which was in…
We’re through the busiest part of the earnings season storm, with most of the world’s biggest tech firms already in. Nonetheless, this week brings numbers from two more portfolio names — plus, three important economic reports. According to FactSet, nearly three-quarters of the 59% of S & P 500 companies that have reported quarterly results…
Uber signs are seen on cars in Krakow, Poland on October 12, 2025. Jakub Porzycki | Nurphoto | Getty Images Uber on Thursday was ordered to pay $8.5 million to the plaintiff in an Arizona trial that is the first to be tried of thousands of lawsuits involving alleged sexual assault and misconduct by drivers…
A Baidu Apollo RT6 robotaxi during Baidu’s Apollo Day in Wuhan, China, on Wednesday, May 15, 2024. Bloomberg | Bloomberg | Getty Images Chinese tech giant Baidu has announced plans to bring robotaxis to London starting next year through its partnerships with Lyft and Uber, as the UK emerges as a growing autonomous vehicle battleground….
Robotaxis felt like science fiction just a decade ago, but this year, autonomous vehicles became a commonplace option for paying passengers across big cities in the U.S. and parts of Asia. Alphabet-owned Waymo kept expanding and dominates the robotaxi market in the U.S., though rivals Tesla and Amazon-owned Zoox also launched the first versions of…
