ridesharing

Uber also projected second-quarter adjusted earnings above estimates, sending its shares rose about 8% in premarket trading.

His argument is that AI can not automate trust. He believes passengers will not use an unbranded service for a task involving their personal safety.

Lyft’s rides increased by 16%, totaling 218.4 million, with active riders rising by 11% to 24.2 million.

Newmo specializes in enhancing taxi and ridesharing services in Japan.

To date, India-based Ola has shut down its other ventures such as Ola Cars, Ola Dash, Ola Foods, and Ola Cafe, The Economic Times reported.

Ola, which secured investment from Hyundai and Kia for its EV unit this week, isn’t the only regional ride-hailing player to get “Big Auto”’s backing.

After letting go of a “substantial” number of staff, the Gojek-backed startup is gunning after what it sees as a big opportunity.

Existing investor Openspace confirms “restructuring” efforts at the darling of the Bangladeshi tech scene, which is also backed by Gojek.

Eddie Ybanez said he will be replaced by former chief technology officer Kenneth Baylosis.

It’s also launching a “driver community and innovation program” to pilot new technologies in the field.