Recogni Inc., an artificial intelligence startup that builds tech for autonomous vehicles, has raised $102 million in funding after expanding into designing chips for generative AI.
Author: Jackie Davalos
Lyft Names David Risher New CEO as Co-Founder Steps Down
Lyft Inc. tapped David Risher to be its new CEO, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.
Uber Launches Robotaxis But Driverless Fleet Is ‘Long Time’ Away
Uber Technologies Inc. is launching its first robotaxi service, reaffirming the company’s commitment for a self-driving taxi fleet even as the hype around autonomous vehicles fades.
Uber Revives Self-Driving Taxi Dreams, Plans to Start This Year
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Instacart CEO Courts Investors, Skeptics Ahead of IPO
Instacart Inc., a 10-year-old grocery delivery startup that was once one of the most highly valued of its gig-economy generation, is preparing to go public. CEO Fidji Simo now must convince investors that Instacart’s explosive growth during the COVID-1…
Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the …
Instacart Adds Fuel Surcharge to Offset High Gas Prices
Instacart Inc. is adding a fuel surcharge on grocery delivery orders, becoming the latest gig economy company to impose new fees on customers to ease drivers’ gas bills amid record-high prices.
New York City Council OKs Cap on Food Delivery Fees
New York City lawmakers passed a measure that will make temporary caps on third-party delivery fees permanent in a blow to companies like DoorDash Inc., Grubhub and Uber Technologies Inc.
Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut
Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus.