Latest News Updates From Natalie Lung

Waymo is recalling thousands of robotaxis to fix a software issue that could cause the autonomous vehicles to drive on flooded roads.

Lyft forecast second-quarter results that beat Wall Street estimates, as the ride-sharing company expands internationally and adds higher-end offerings.

The ride-hailing service guided total gross bookings to between $56.25 billion and $57.75 billion for Q1, while analysts looked for $56.23 billion. 

The deal will expand Uber’s offerings targeting business executives and wealthy consumers, a fast-growing segment of the business.

Uber riders in Las Vegas may be matched with a Motional Ioniq 5 autonomous vehicle when they request a regular UberX, Uber Electric or Uber Comfort ride at no additional cost.

Waymo said in a statement that it was “disappointed” by the governor’s decision. “We’re committed to bringing our service to New York and will work with the state Legislature to advance this issue.”

Uber said it will focus on building the high-capacity charging hubs starting in the San Francisco Bay Area, L.A. and Dallas — markets where it plans to launch public robotaxi services.

Lyft suffered its worst stock decline in more than a year after the rideshare firm issued a disappointing forecast that missed Wall Street expectations.

Alphabet’s Waymo said it is using DeepMind’s Genie 3 AI model to create realistic, digital worlds for its autonomous driving technology to train on edge-case scenarios.

New CFO Balaji Krishnamurthy has been with Uber for more than six years and is currently vice president of strategic finance and investor relations. Uber has agreed to purchase fleets of robotaxis.