Uber posts revenue above expectations in its fourth-quarter results, but market reaction is mixed.
Uber posts fourth-quarter revenue of $14.4 billion, up 20 percent from a year earlier, and its delivery business grows 30 percent to drive results, CNBC reports on Feb. 4. The stock, however, falls after the earnings release.
Uber is making AI and autonomous driving technology its core growth engines. CEO Dara Khosrowshahi (다라 코스로샤히) says AI and AV will create a multibillion-dollar market and stresses that Uber will become the world’s largest AV platform by 2029. Uber is currently working with OpenAI, Google and Amazon to strengthen its AI and AV technology.
Uber is using AI to raise delivery efficiency and is also accelerating the rollout of autonomous taxis. It plans to expand AV services in major cities including San Francisco, Los Angeles and London in cooperation with Waymo.
Chi-gyu Hwang
delight@d-today.co.kr