Re:Cory Doctorow: What Kind of Bubble Is AI?
by Zetobal on Tuesday December 19, 2023 @12:46PM
(#38698821)
Uber was a bet on driverless cars and they were too early. The question is if they can survive until self-driving arrives.
Re:Cory Doctorow: What Kind of Bubble Is AI?
by happytiger on Tuesday December 19, 2023 @01:46PM
(#38699736)
It’s interesting that as much as their CEO talks mobility and self driving, their fastest growing profit segment by FAR is delivery and it’s almost half their revenues.
They may be a bet on self driving for mobility, but they are making most of their profit growth from Amazon-style last mile.
But they made more than 300 million last quarter if I recall.
They “yet to turn a profit” criticism hit a roar in 2022 as the easy money dried up. See articles like:
https://www.curbed.com/2022/05/uber-ceo-memo-super-pumped.ht...
Of course this opinion is now under threat as Uber is turning a profit. But the idea that Uber is a failure that just hasn’t realized it’s full potential in that capacity yet is still deeply entrenched.