car sharing

Auto Added by WPeMatico

Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

 Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too.
That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today.
Grab is present in seven markets across… Read More

Powered by WPeMatico

Uber’s Asian rival Grab loses its head of engineering

 Grab may be in the process of raising a huge $2.5 billion investment round, with SoftBank, Didi and Toyota confirmed as participants, but Uber’s Southeast Asia-based rival has lost its head of engineering.
Arul Kumaravel, VP of engineering at Grab, has left the company for person reasons, according to a source. It’s not yet clear what his next plan is. Grab confirmed the… Read More

Powered by WPeMatico

Uber suspends its service in the Philippines following ban over unregistered drivers

 Uber has suspended its services in Philippines after the national regulator banned it from operating for one month. The country’s Land Transportation Franchising and Regulatory Board (LTFRB) ordered a cease and desist against the U.S. ride-hailing firm on Monday over its apparent flouting of a ban on new drivers. The company initially lodged an appeal and continued with its service,… Read More

Powered by WPeMatico

U.S. Department of Justice is reportedly investigating Uber’s controversial ‘Greyball’ program

 It looks like there’s more trouble round the corner for Uber. Reuters is reporting that the U.S. Department of Justice has opened a criminal investigation into the company’s controversial “greyball program” which helped it sidestep law enforcement officials and regulators. The existence of the program was made public in early March following an explosive report from The… Read More

Powered by WPeMatico

ChargePoint is ready for flying EVs

ChargePoint and Uber Elevate Yesterday I wrote about a poll conducted by researchers at the University of Michigan that found people were interested in flying cars if they were autonomous, shared, and electric. As soon as I posted that, I found an email in my inbox saying that ChargePoint and Uber Elevate, among others at the recent conference on flying vehicles, had partnered to prepare for just that exact… Read More

Powered by WPeMatico

Researcher finds bug that allowed free Uber rides

Photo: Richard Boll/Photographer's Choice/Getty Images Uber has patched a bug in its code that allowed a researcher — and anyone else who might’ve discovered the problem — to hail Uber rides without paying for them.
Anand Prakash, a security researcher, discovered the bug in August and received permission from Uber to test it in the U.S. and India. He was able to successfully exploit the bug, getting free rides in… Read More

Powered by WPeMatico

Uber loses legal challenge against English tests for London drivers

LONDON, ENGLAND - AUGUST 03:  The Uber app logo is displayed on an iPhone on August 3, 2016 in London, England.  (Photo by Carl Court/Getty Images) The bad news just keeps piling up for Uber. The ride-hailing giant has lost a court battle against London’s transport regulators which have been seeking to raise the level of English spoken by private hire vehicles on safety grounds, requiring that all drivers pass an English proficiency test this year. Read More

Powered by WPeMatico

Lyft seeks $6 billion valuation in funding round

lyft-sign Lyft is out pitching to investors while competitor Uber surrounds itself in controversy. The Wall Street Journal first reported that they are chatting about a $500 million round. We’re hearing that they are targeting a roughly $6 billion valuation, slightly above the $5.5 billion they were valued at in their last private round. The timing makes sense given the failed sale process last… Read More

Powered by WPeMatico

Uber employees are chatting with each other about Uber’s leadership on anonymous workplace app Blind

the_new_uber_app_04b Uber employees have flocked to an anonymous workplace app called Blind as a sort of catharsis since ex-Uber engineer Susan Fowler Rigetti posted about being propositioned and discriminated against while working for the company, according to Blind’s founder Alex Shin.
Rigetti’s explosive post went viral late Sunday night, leading to more than double an increase of Uber employees… Read More

Powered by WPeMatico

Everything we know so far about Uber’s sexual harassment scandal

uber-everywhere Former Uber engineer Susan Fowler Rigetti’s story of sexual harassment and HR complicity at the company has drawn a lot of attention from the outside world as many relate to her frustrations and the broader systemic culture of sexism that manifests itself across the tech industry. In the days since Rigetti published her account, decisions have been made both inside and outside of… Read More

Powered by WPeMatico

Former Uber engineer says company ignored repeated reports of sexual harassment

FILE - In this Dec. 16, 2015 file photo a man leaves the headquarters of Uber in San Francisco. Uber and advocates for the blind have reached a lawsuit settlement in which the ride-hailing company agrees to require that existing and new drivers confirm they understand their legal obligations to transport riders with guide dogs or other service animals. The National Federation of the Blind said Saturday, April 30, 2016, that Uber will also remove a driver from the platform after a single complaint if it determines the driver knowingly denied a person with a disability a ride because the person was traveling with a service animal. (AP Photo/Eric Risberg, File) Susan Fowler, a former site reliability engineer for Uber and current engineer at Stripe, accused the company of rampant sexual harassment and human resources negligence in a blog post published today.  It’s the latest in a series of events that point to serious questions about Uber’s company culture. Fowler claims that on her first day out of training, she was solicited for sex… Read More

Powered by WPeMatico

Ford invests $1 billion in Pittsburgh-based Argo AI to build self-driving cars by 2021

City traffic at night Ford has invested $1 billion in a joint venture with Argo AI, a Pittsburgh-based company with ties to Carnegie Mellon. The goal is to completely outfit Ford vehicles with self-driving technology. Interestingly this isn’t a case of a large company simply hiring talent but the creation of an entirely separate company with an independent equity structure.
Ford is the “majority… Read More

Powered by WPeMatico