News
The $25 Billion Fleet Breakdown Problem Finally Has a Fix
3+ day, 3+ hour ago (460+ words) A typical commercial truck generates more than 25, 000 data points daily from onboard sensors. Until recently, most of that data sat unused. Fleet managers learned about problems when trucks stopped moving, not before. That's the gap a wave of artificial intelligence…...
Uber Cuts 23% of Roles in HR-Focused "People" Division
4+ day, 8+ hour ago (377+ words) Uber'is reportedly cutting 23% of its "People" division, continuing a string of tech layoffs. In a memo to employees'viewed'by CNBC Wednesday (June 3), Uber CEO'Dara Khosrowshahi'said the "changes are necessary to maximize the effectiveness of the People team and the enormous potential…...
Uber Caps AI Coding Costs After Using Up Annual Budget
5+ day, 5+ hour ago (288+ words) Uber is limiting its employees to $1, 500 in monthly token spending per artificial intelligence coding tool, Bloomberg reported Tuesday (June 2). The limits apply only to agentic coding software, and they apply to each tool, so employees can spend $1, 500 on each different…...
Payfina Connects Credit Union Customers to RTP Network
5+ day, 8+ hour ago (378+ words) The integration means Payfina can connect financial institutions (FIs) to the instant payment network'through its Instant Payment Xchange (IPX) platform, the company announced in a'news release'Tuesday (June 2). It also means that Payfina's reach extends to both the RTP network and…...
Hotel Platform Mews Embeds Uber to Transport Guests and Staff
1+ week, 5+ day ago (375+ words) Hotels will be able to request, track and bill'Uber'rides within'Mews" hotel operating system. This capability will be enabled by a new strategic partnership in which the companies will embed ride booking, real-time tracking and integrated billing into the platform, Mews…...
AI Targets Trucking's $15 Billion Breakdown Problem
2+ week, 5+ day ago (484+ words) When a truck breaks down on the highway, the repair bill is the smallest part of the problem. The delivery is late, the driver is stranded, the tow costs more than the fix and the customer is calling. The American…...
NYC Mayor Pushes State to Quash Western Union-Intermex Deal
3+ week, 3+ day ago (474+ words) Last year, Western Union announced plans to purchase money transfer service International Money Express (Intermex). That $500 million deal is now facing pushback from New York City Mayor Zohran Mamdami, who argues the acquisition would put financial pressure on the city's…...
Uber's AI Knows the City Before Your Driver Does
3+ week, 6+ day ago (514+ words) Forty million trips a day. Fifteen thousand cities. More than 70 countries. Uber doesn't run a ride-hailing app so much as a living logistics network, one where every market operates on its own traffic rhythms, regulations, languages and pricing dynamics. Now…...
e Bike Startup Lime Files for $2 Billion IPO
4+ week, 4+ hour ago (462+ words) Uber-backed e Mobility company Lime is planning to go public. Lime parent Neutron Holdings filed paperwork with the Securities and Exchange Commission (SEC) Friday (May 8) for its initial public offering (IPO)." Sources told the Financial Times (FT) that Lime is…...
Uber and Lyft Stopped Competing and Started Thriving
4+ week, 2+ day ago (928+ words) Uber Technologies is evolving beyond ride-hailing into a broad mobility and commerce platform, using AI, delivery, travel booking and autonomous vehicle infrastructure to deepen customer engagement and build an "everyday utility" ecosystem. Lyft is taking a more focused approach, emphasizing…...