Uber Technologies Inc

Pony.ai and its Croatian partner Verne have launched fully driverless robotaxi trials in Zagreb, the company's first such deployment in Europe. The service runs on public roads in Croatia's capital and is integrated with the Uber app for ride hailing. The Zagreb launch extends Pony.ai's autonomous ride service beyond its existing markets and gives the company a live European proof point for its joint deployment model, in which partners fund fleets while Pony.ai concentrates on Level 4 software and operations. Pony.ai, a US based software group focused on autonomous mobility in China and overseas, has a market cap of $2.8b, placing it in the mid sized bracket of global automation players. Investors can watch upcoming disclosures on paid ride volumes, fleet count and contribution margins from joint deployments like Zagreb to see whether unit economics in new cities start to resemble improving metrics already reported in Guangzhou and Shenzhen.

Uber Technologies reported $13.286 billion in short-term and long-term insurance reserves as of June 30, 2026, up from $12.463 billion at the end of 2025, according to results released August 5. First-half operating cash flow reached $5.213 billion, compared with $4.888 billion a year earlier, while the accrued-insurance line contributed $830 million, down from $1.487 billion. First-half GAAP operating income rose to $3.813 billion from $2.678 billion, an increase of approximately 42 percent. Of the June reserves, $3.758 billion was classified as short-term and $9.528 billion as long-term, and Uber also held $9.486 billion of restricted investments and $2.307 billion of restricted cash and cash equivalents, separate from approximately $5.391 billion of unrestricted cash, cash equivalents, and short-term investments. Insider Monkey's database showed 151 hedge funds holding UBER at the end of 2Q2026, down from 153 funds three months earlier.

Costco Wholesale Corporation has expanded its Uber Eats partnership from 17 states to 47, making nearly 600 warehouses available through the platform. Members can order fresh produce, bulk groceries, and household essentials for on-demand or scheduled delivery with real-time tracking, and Uber One members get free delivery on qualifying orders above $60 at select locations. Uber Technologies executive Andrew Macdonald framed the expansion as proof of the scale and opportunity Uber can bring to retailers chasing rising delivery demand. Costco can now sell memberships directly inside the Uber Eats app, with an initial discount for new members, while Uber gains a large retail partner with recurring grocery and household spending. Costco also expanded delivery through DoorDash while maintaining its Instacart relationship, so Uber does not hold an exclusive position. According to Insider Monkey's database, Costco's hedge fund count fell to 104 in the second quarter of 2026 from 107 in the first, even as position value rose to $11.59 billion from $10.40 billion, while Uber's holder count slipped to 151 from 153 with position value essentially flat at $9.33 billion versus $9.30 billion.

Wayve has locked in a commercial partnership with Mercedes-Benz to integrate its automated driving tech into at least one model set to be deployed within the next two years, a Level 2 product that still requires the human driver to remain engaged. The deal follows similar partnerships with Nissan and Stellantis, and earlier this year Wayve announced a partnership with Nissan and Uber to launch a robotaxi service in Tokyo. Meanwhile, about 80% of Waymo's roughly 4,000 robotaxis are in California and Texas, with its Texas fleet growing by more than 49% in the past three weeks. Aurora, which is developing and commercializing self-driving trucks, said it is targeting more than 30,000 driverless trucks in operation by 2030 and plans to have more than 200 driverless trucks by the end of the year. In other news, Zoox grounded its autonomous vehicle test fleet in Atlanta after safety drivers were potentially exposed to carbon monoxide, carbon dioxide, or hydrogen sulfide gas inside its vehicles last month, prompting one worker to file a complaint with the Occupational Safety and Health Administration. On the deals front, Carro is considering a dual listing on the Nasdaq and the Singapore Exchange, Spinny and PMI Electro Mobility Solutions have both filed confidentially for IPOs, EcoCeres reportedly plans to raise about $1 billion in a Hong Kong initial public offering, and Ultraviolette raised $85 million and brought on Intel CEO Lip-Bu Tan as an adviser.

Costco Wholesale is expected to pay out about $7.5 billion in fiscal 2027 as it ramps up expansion after another successful quarter. The company aims to open 33 warehouses in the fiscal year, including five relocations, moving it closer to CEO Ron Vachris' longer-term objective of adding about 30 net new locations a year. Costco finished fiscal 2026 with 939 warehouses and spent $6.4 billion on capital projects for the year. Fourth quarter net sales were $93.87 billion, up 9.4 percent on a comparable sales basis, while net income was just under $3 billion, or $6.75 a diluted share. Costco ended the quarter with 42.3 million paid executive members and reported a renewal rate of 92.3% in the U.S. and Canada, and it is expanding its Uber Eats collaboration countrywide in the U.S. while rolling out DoorDash delivery across the country.

Waymo now operates commercial robotaxi service in 15 U.S. cities and averages 500,000 paid rides every week, but roughly 80% of its approximately 4,000 robotaxis are concentrated in just California and Texas. The Texas fleet has grown 49% in the past three weeks, reaching 1,102 registered autonomous vehicles as of September 24, driven by an influx of the new Chinese-built Zeekr RT minivan that Waymo brands the Ojai, which now makes up about a third of the state's fleet. Waymo first launched commercial service in Austin through a partnership with Uber in March 2025 and has since expanded to Dallas, Houston, and San Antonio. The Ojai, equipped with Waymo's sixth-generation self-driving system and Google's Gemini AI, is meant to help Waymo reach mass scale and profitability, though steep U.S. import tariffs on Chinese-built vehicles are raising costs. Research firm MoffettNathanson said in its September report that Waymo is on track to bring 5,100 Ojai vehicles into the U.S. by the end of the year, with Florida and newer markets like Las Vegas likely to see additional deployments.

Uber Technologies, WeRide and AVOMO have secured Spain's first national Level 4 autonomous passenger permit, authorizing commercial robotaxi operations in Madrid. The approval clears a regulatory path for paid autonomous rides in the Spanish capital and creates a European testbed for Uber's autonomous offering alongside its Chinese partner WeRide and local operator AVOMO. The Madrid permit is only one piece of what matters for Uber's autonomous ambitions in Europe, and the company's broader bet hinges on turning heavy autonomous vehicle investment into durable unit economics across its mobility and delivery network. Partnering with WeRide limits how much of the long-run robotaxi economics Uber might retain, but it also reduces capital intensity and speeds up data collection versus vertically integrated rivals such as Waymo or Cruise. Analysts have already flagged execution and autonomous vehicle spending as key risks, and this project brings those front and center.

Uber Technologies is pressing ahead with its $15 billion acquisition of Delivery Hero, a deal that would give it access to 99 markets and $236 billion in pro forma gross bookings. The transaction, which has cleared a key hurdle, is central to Uber's push to scale its global delivery operations against rivals such as DoorDash and Just Eat Takeaway. Beyond delivery, Uber's autonomous vehicle strategy spans more than 30 partners and a $10 billion commitment toward infrastructure and offtake investments, as the company positions itself as a demand layer for driverless fleets rather than developing self-driving technology in-house. The growth story faces pressure, however: Uber's second-quarter revenue came in at $14.19 billion against a $14.24 billion analyst consensus, and its third-quarter earnings outlook fell below expectations. Competition is intensifying as Tesla begins Cybercab production and Waymo secures $16 billion in financing, moves that could reduce Waymo's reliance on Uber. Institutional interest remains significant, with hedge fund ownership slipping only from 153 funds in the first quarter of 2026 to 151 in the following quarter, and BlackRock holding 145.97 million shares, or 7.15% ownership.

Costco Wholesale announced a new partnership with DoorDash and a major extension of its relationship with Uber, vastly expanding its same-day delivery reach while still leaving it well behind rivals like Walmart and Amazon. The membership-based retailer's same-day delivery had until now consisted largely of teaming up with Instacart for very quick delivery of groceries and other essentials, while Costco typically handles two-day shipping itself. Costco's hold on its customers remains strong: 92.3% of members in the U.S. and Canada renewed last year, and net sales for the fiscal year ended in August hit $297.3 billion, nearly triple what they were a decade ago. Its e-commerce business is growing faster than store sales, with digitally-enabled sales up 20.9% in the recently ended fiscal year against a companywide comparable sales uptick of 8.4%. GlobalData managing director Neil Saunders said e-commerce is important to Costco but not the be-all and end-all, and that the retailer is well differentiated enough that it isn't as involved in the digital grocery battle Amazon and Walmart are fighting. Costco's low-margin model, with membership revenue roughly equivalent to net income most years and an average of about 4,000 items per store versus 100,000 at Walmart, is why it partners with other companies for same-day delivery rather than building its own infrastructure.

Costco is expanding its same-day delivery network through new and broadened partnerships with DoorDash and Uber as it looks to grow e-commerce sales and compete with retailers like Walmart and Target. DoorDash announced that Costco members can now order groceries, dry goods, household essentials and other products through the DoorDash app for fast delivery from their local store, extending an existing relationship between the companies in Australia, New Zealand, Sweden, Iceland and Puerto Rico. Uber announced a major expansion of its Costco partnership to deliver products in 47 states, up from 17 states, with nearly 600 Costco locations now available on the Uber Eats app for on-demand and scheduled delivery. Costco is also available on Uber Eats in Canada, Mexico, Japan, Taiwan, France and Spain. The expansion of food and grocery delivery platforms into retail delivery underscores the rapid evolution of the parcel delivery market, where online sales now represent 16.5% of total retail sales and are growing at about 10% per year, according to the U.S. Census Bureau, while alternative carriers now make up about 8.5% of the parcel freight market, up from 2.6% of parcel volume in 2021, according to The Colography Group.

Uber Technologies Inc. and WeRide, together with AVOMO, have secured Spain's first national permit covering level 4 autonomous passenger vehicles, making Madrid the fourth city in the Uber-WeRide partnership. The permit was issued by Spain's Directorate General of Traffic and allows WeRide to test its GXR vehicles and conduct roadmapping throughout Madrid ahead of a commercial launch planned for year-end, starting with 20 vehicles each supervised by an in-car specialist in high-demand areas of Greater Madrid. The Uber-WeRide partnership plans to reach 15 cities globally by 2030, part of an Uber asset-light AV strategy that spans more than 30 partnerships, with Uber expecting to commit over $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years. That multi-partner bet is under strain: Uber and Waymo confirmed in late June that their Phoenix partnership had ended, Waymo is reportedly considering a broader exit, and the NHTSA is investigating Uber AV partner Avride after multiple crashes, while Tesla ramps up its own Cybercab fleet and Waymo has raised $16 billion to accelerate independent growth. Hedge fund ownership was broadly stable, with holders slipping from 153 at the end of Q1 2026 to 151 at the end of Q2 2026, and short interest stood at only 2.29% of float as of August 31, 2026.

Uber Technologies and Costco have significantly expanded their U.S. partnership, making Costco delivery through Uber Eats available to millions of additional customers across 47 states, up from 17 states previously. Nearly 600 Costco locations are now accessible through the Uber Eats platform, offering both on-demand and scheduled delivery of fresh produce, bulk groceries, household essentials and Costco-exclusive merchandise. As part of the expanded partnership, eligible Costco members can receive a 50% discount on an annual Uber One membership during the first year, followed by a 20% discount in subsequent years, while participating Costco stores and Costco.com will offer Uber and Uber Eats gift cards worth $100 for $79.99 for a limited period. Consumers can also purchase a Costco membership directly through Uber Eats for a limited time and receive 30% off their first eligible Costco order, and Uber One members can access delivery without Uber fees on eligible grocery and retail orders exceeding $60. The U.S. expansion builds on the companies' existing international relationship, with Costco also available through Uber Eats in Canada, Mexico, Japan, Taiwan, France and Spain.

Alphabet-backed robotaxi service Waymo has announced the expansion of its autonomous vehicles in Las Vegas, as well as a 2027 rollout of Waymo vehicles in Tokyo. In an official statement released on Monday, Waymo said it is rolling out its service in Las Vegas, where a majority of the fleet would comprise the Geely Automobile Holdings Ltd.-backed Zeekr's co-developed "Ojai" Robotaxis with Waymo's sixth-generation self-driving suite. Waymo says the service will be offered in an area spanning nearly 24 miles from Boulder Junction to Sahara Avenue and from Spring Valley to Winchester in Las Vegas, with plans to expand to other residents in the Clark County region. In a separate release, Waymo said it will be rolling out its unsupervised Robotaxis in Tokyo next year, contingent on securing regulatory approval from national and local authorities, as well as completing the ongoing validation of Waymo's technology. Waymo has partnered with taxi operator Nihon Kotsu as well as Japanese ride-hailing platform GO, and riders will be able to book rides in Tokyo via the Waymo app as well as the GO app once the service rolls out. Separately, Uber Technologies Inc. said it will expand and offer Robotaxis on its platform in Japan, with CEO Dara Khosrowshahi calling Japan a "terrific market" for the ride-hailing giant; Uber has signed an operational partnership with Japan's Hinomaru Kotsu Co. Ltd. to oversee fleet operations in Tokyo as the service eyes a late 2026 launch.

DoorDash, Instacart and Uber Eats have grown from restaurant-focused apps into the fulfillment backbone for thousands of U.S. retailers, turning stores themselves into same-day shipping warehouses rather than building new distribution centers as Amazon did. DoorDash, which launched grocery and convenience in mid-2020 and added home improvement in 2024, now serves 44 of the top 100 U.S. retailers, while Instacart connects more than 2,200 retail banners representing almost 100,000 stores, a network reaching more than 98% of North American households. Uber recast grocery, alcohol, convenience and general merchandise as a single Grocery & Retail business, adding Home Depot for contractors and bringing almost 9,000 Dollar Tree stores onboard in an August 2025 partnership. The shift became durable in 2024, when DoorDash posted its first annual profit under generally accepted accounting principles, $123 million on $10.7 billion in revenue, and Instacart cleared $457 million in net income. Now the platforms are extracting more from the retailers that depend on them: DoorDash charges restaurants commissions of up to 30% of each order's subtotal on its Premier plan, and Uber Eats' blended cost commonly runs 25% to 35%, according to an analysis by direct-ordering vendor Zay-OS. A joint investigation by the Groundwork Collaborative, Consumer Reports and More Perfect Union found Instacart used pricing software called Eversight to run hidden randomized experiments that could add as much as 23% to the cost of an identical item ordered from the same store at the same moment, a practice Instacart said in a July 2026 post that a few retail partners had wound down. Meanwhile, New York City's Department of Consumer and Worker Protection set a delivery-worker minimum of $22.13 for the first pay period starting on or after April 1, 2026, after a 3.2% inflation adjustment, and plans to cover all delivery apps in early 2027.

Chemical manufacturer OXEA has selected Uber Freight as its strategic logistics provider across the U.S., Canada, Mexico and Europe, consolidating its regional transportation operations into a more unified global network. Houston-based OXEA said Uber Freight will manage day-to-day transportation execution across truckload, rail and ocean freight, using technology, data and logistics services to provide greater visibility across its supply chain. The agreement represents Uber Freight's first managed transportation engagement designed from the outset to span the U.S., Canada, Mexico and Europe, according to the companies. OXEA manufactures oxo intermediates and oxo performance chemicals, employs more than 1,200 people and sells chemicals in more than 60 countries. The partnership replaces a more regionally segmented approach to transportation management with an integrated operation connecting OXEA's plants, carriers and customers, and Uber Freight said the cross-border component adds complexity involving multiple modes, carriers and regulatory environments.

Uber Technologies CEO Dara Khosrowshahi purchased 141,000 shares at an average price of roughly $70.96 per share, a transaction totaling just over $10 million that leaves him holding roughly 1.4 million shares. The buy came alongside Uber's latest quarterly results, which showed Gross Bookings climbing 24% year over year to $58 billion and revenue rising 12% to $14.2 billion, while Trips grew 18% to 3.9 billion and Monthly Active Platform Consumers rose 16%. Adjusted EBITDA jumped 33% to $2.8 billion and operating income climbed 40%, with free cash flow of $2.8 billion pushing trailing twelve-month FCF above $10 billion for the first time in the company's history. Other chief executives also stepped up: GameStop CEO Ryan Cohen bought 1 million shares at an average price of roughly $20.38, a transaction totaling nearly $20.4 million that leaves him directly holding more than 39.3 million shares, and Celsius CEO John Fieldly purchased 18,000 shares at an average price of roughly $27.44, a transaction totaling just under $500,000 that brings his direct holdings to more than 956,000 shares.

Uber CEO Dara Khosrowshahi said savings from the company's recent layoffs could be reinvested into lower prices for riders. Earlier this month, the rideshare company said it was eliminating 10% of its workforce, or about 3,300 people, in its largest round of cuts since the pandemic. Speaking at the Goldman Sachs Communacopia + Technology Conference, Khosrowshahi said Uber will take those savings and reinvest them back in the business, lowering prices, improving selection, and continuing to invest in its growth program. He also said Uber's commercial insurance costs, which had increased by more than 50% per ride in the U.S. mobility business over the past few years through the first quarter of 2025, have now reversed, and some of those insurance savings are being reinvested into lower consumer prices. Those savings, combined with a barbell strategy that uses excess margins from higher-end products like Uber Black to fund lower-cost offerings, could mean cheaper rides or more ways for customers to save through special offers such as the Wait & Save program. Shares of Uber jumped nearly 2% after the layoffs were announced, though the stock is down about 12.5% year-to-date amid analyst concerns over competition from autonomous vehicle companies, including Waymo's plan to offer rides through its own app alongside Uber starting in 2028.

Uber Technologies announced on September 2 that it will cut roughly 10% of its global corporate workforce, about 3,300 of its 34,000 employees, its largest layoffs since the pandemic. CEO Dara Khosrowshahi told employees the changes are designed to make Uber simpler and faster and to create more capacity to invest in the future, including the company's previously announced plan to spend more than $10 billion on autonomous vehicles in the coming years. The cuts target organizational bloat specifically: teams of one or two direct reports will shrink by roughly half, and employees more than seven reporting layers from the CEO will be reduced by 20%. Uber is also combining its engineering, science, and delivery divisions and concentrating staff in hubs like New York and San Francisco, with only about 1% of employees permitted to keep working remotely. Khosrowshahi did not cite AI as a reason for the cuts, unlike Meta's recent layoffs.

Uber Technologies, WeRide and AVOMO, the autonomous vehicle division of Moove Cars Group, have secured Spain's first national permit for Level 4 autonomous passenger vehicles to operate on public roads, granted by Spain's Directorate General of Traffic under the ES-AV framework with support from the Regional Government of Madrid. The authorization, WeRide's ninth autonomous-driving permit globally, covers an initial phase of 20 vehicles equipped with WeRide's latest autonomous-driving technology, operating in high-demand areas across Greater Madrid under the supervision of in-car vehicle specialists, and marks the first EU national approval for WeRide's GXR autonomous vehicle. Commercial operations in Spain are expected to commence by the end of 2026, subject to deployment preparations and operational and regulatory requirements. The planned rollout marks WeRide and Uber's joint entry into Spain and Madrid's inclusion as the fourth of 15 cities covered by their strategic partnership, with the companies planning to expand into another 11 cities by 2030 and eventually deploy tens of thousands of autonomous vehicles on public roads worldwide. Uber currently works with more than 30 autonomous-vehicle partners across mobility, delivery and freight, collectively completing millions of autonomous trips annually, and expects to facilitate such journeys in as many as 15 cities by the end of 2026, aiming to become the world's largest facilitator of autonomous trips by 2029.

Uber Technologies Inc. shares rose more than 2.8% on Thursday after Chief Executive Officer Dara Khosrowshahi purchased $10 million worth of company stock. Khosrowshahi bought 141,000 shares of UBER common stock at a weighted average price of $70.9642 per share, according to a regulatory filing with the U.S. Securities and Exchange Commission, with individual transactions ranging from $70.73 to $71.18 per share. After the transaction, the CEO directly holds 1,367,100 shares of Uber common stock. The ride-hailing company's stock is down roughly 12% year-to-date.

Uber Technologies and Wakefern Food Corp. have expanded their partnership, letting customers shop from more than 375 Wakefern-affiliated supermarkets across the Northeast through Uber Eats. Participating banners include ShopRite, Price Rite Marketplace, The Fresh Grocer, Morton Williams, Dearborn Market, Di Bruno Bros., Fairway Market and Gourmet Garage. Through the Uber Eats app, customers can order fresh produce, meat, seafood, pantry staples, prepared foods and household essentials, choosing between on-demand and scheduled delivery. To mark the launch, Uber Eats is offering eligible customers discounts of up to 30% on their first order from participating Wakefern banners, while Uber One members will be charged no delivery fee on eligible orders. The launch advances Uber Eats' grocery and retail delivery expansion, following earlier tie-ups that brought more than 800 Best Buy stores, more than 14,000 Dollar General locations and nearly 9,000 Dollar Tree stores onto the platform.

Uber shares are trading at $71.10, roughly 44% below the Wall Street consensus 12-month price target of $102.13, even as Evercore ISI analyst Mark Mahaney keeps a Street-high $150 target that implies about 111% upside. The stock is down more than 30% from its 52-week high and 25.51% over the past year, pressured by a string of top-line misses: Q2 FY2026 revenue of $14.19 billion came in 0.5% below consensus and EPS of $0.81 fell short of the $0.83 estimate, following misses in Q1 and Q4, the latter driven by a $1.6 billion equity revaluation headwind. Mahaney's bull case rests on the Uber One subscription flywheel, where members spend roughly 3x more than non-members, accelerating free cash flow conversion, and expansion into higher-margin verticals such as advertising, grocery, and travel; gross bookings grew 22% year on year in Q2 to more than $58 billion, non-GAAP EPS grew 35%, and trailing 12-month free cash flow crossed $10 billion for the first time. Among gig-economy peers, Lyft trades near $14.90, down 23.08% year to date against a $19.84 consensus target, DoorDash sits at $197.25, off 12.91% year to date versus a $254.43 target, and Grab Holdings trades at $3.04 after a 39.08% year-to-date decline, with analysts pegging fair value at $5.86 for roughly 93% upside, the largest consensus gap in the group. Uber is down 12.98% year to date while the S&P 500 is up 11.81%, a roughly 25-point relative underperformance for a company that just posted 35% non-GAAP EPS growth.

Pony.ai, Uber and Verne have begun fully driverless robotaxi test rides with passengers on public roads in Zagreb, Croatia, a milestone the companies describe as a European first. The tests run along a 22-kilometer route connecting Verne's headquarters and a major Zagreb business district with Franjo Tuđman Airport, and the companies plan to expand the driverless operating area across Zagreb in the coming months. The development builds on the three firms' partnership to launch commercial robotaxi services in Europe, under which Pony.ai provides the autonomous-driving technology, Verne operates the service, and Uber provides its ride-hailing platform.

Rivian's much-hyped R2, which began customer deliveries on June 9, 2026, is about more than boosting sales—it underpins a strategic partnership with Uber that could unlock high-margin recurring revenue. Uber will invest up to $1.25 billion in Rivian through 2031, contingent on meeting certain milestones, and plans to deploy 10,000 fully autonomous R2 robotaxis in the first phase of their joint venture, with initial deployments in San Francisco and Miami in 2028 and expansion to 25 additional cities by 2031. The companies may negotiate the purchase of up to 40,000 additional R2 vehicles starting in 2030. Uber will pay licensing fees for Rivian's autonomous driving software, a recurring revenue stream that could significantly boost gross profits. Analysts note that robotaxi potential drives a substantial portion of Tesla's valuation—Ark Invest estimates 88-90%, Bank of America 52%, and Morningstar about 30%—highlighting the potential value for Rivian.

Uber Technologies President and Chief Operating Officer Andrew Macdonald has purchased 70,000 shares of the ride-hailing company, investing approximately $5.3 million, according to a September 8 regulatory filing. The transactions, completed on September 4, involved two separate purchases: 54,325 shares at a weighted average price of $75.6526 and 15,675 shares at $76.4425. Following the purchase, Macdonald directly owns 426,320 Uber shares. The insider buying comes as Uber reported second-quarter adjusted earnings per share of 81 cents, beating consensus by one cent, while revenue reached $14.19 billion, up 12.17% year-over-year but slightly below expectations.

Uber Technologies has entered the euro debt market for the first time, launching a five-part bond offering as the ride-hailing company expands its presence across Europe. The company is offering fixed-rate notes with maturities ranging from three years to 20 years, according to Bloomberg, citing a person familiar with the transaction. Initial price discussions range from approximately 75 to 80 basis points over mid-swaps for the shortest-dated notes to around 200 basis points for the longest maturity. The offering is expected to be priced later Wednesday. Uber has historically raised debt in US dollars, making the euro-denominated offering a notable shift in its financing strategy. American corporations have been increasingly turning to European debt markets this year, with Amazon reportedly looking to sell bonds with maturities of 3, 6, 12, and 19 years.

Travis Kalanick's startup Atoms, which raised a $1.7 billion funding round led by Andreessen Horowitz earlier this summer, is reportedly preparing for a hiring spree and acquisitions to become a major player in the autonomous vehicle industry, according to the Financial Times. The startup has talked to Uber about using its robotaxi technology, and Uber has already invested $100 million in Atoms. While robotaxis are not the entirety of Atoms' plans, the direction aligns with Kalanick's description of the round as "unfinished business" and follows its acquisition of Pronto, an autonomous mining startup led by Uber's former self-driving chief Anthony Levandowski.