Uber is in talks for selling its self-driving car division to rival Aurora Innovation. The car division was recently valued at $7.25 billion following a $1 billion investment from Toyota and DENSO. With this deal, Uber Advanced Technology Group (Uber ATG) would make a bumpy ending as the venture is suffering from several issues. The terms of the deal are still unknown. Aurora, founded by veterans from Google, Uber and Tesla worth at $2.5 billion.
Uber said is working to hire 225 engineers in India, strengthening its tech team in the key overseas market months after it eliminated thousands of jobs globally. The ride-hailing firm, which competes with Ola, said it has hired Manikandan Thangarathnam, who spent nearly 13 years as a director of engineering at Amazon, to lead the company’s rider and platform engineering teams in Bangalore. Uber announced it would hire 140 engineers in India last month.
Ride hailing app Uber has launched two new commute specific services – employee group rides and business charter. The two services are aimed to help businesses support their employees’ daily commute. Employee group rides will enable employees from the same organization to book rides together to travel to work. To ensure safety, the company has introduced tech-driven solutions like Go Online Checklist, a mandatory mask policy etc.
Just 6 days after Uber won its appeal against London transport regulators to continue operating in London for another 18 months, one of its biggest rivals – Ola – has failed to get its licence renewed. TfL discovered multiple failures in Ola’s operations, like the use of unlicensed drivers and vehicles. Ola plans to appeal the decision, as was the case with Uber, under TfL’s rules, a company is allowed to continue operating while appealing a decision.
The US DoJ has charged Joseph Sullivan for deliberately keeping the FTC from learning about the 2016 cyberattack that exposed the personal info of 57M of Uber’s customers and drivers. Joseph was the Chief Security Officer in Uber Technologies and this is the first time a security officer is charged for concealing an attack. Sullivan paid hackers with $100K under Uber’s bounty programme and made them sign NDAs that falsely stated they had not stolen data.
Uber Technologies said that it will recruit 140 engineers for its tech teams in Bangalore and Hyderabad. With the new hires, the company will strengthen services in areas such as rider and driver growth, delivery, marketplace, customer service, digital payment, risk and compliance, safety and finance technology, said a statement. They’re looking for tech-enthusiast engineers who are passionate about complex problem-solving in mobility and delivery space.
India, in a bid to govern the digital economy, is drafting a new set of rules to regulate non-personal data via legislation. The committee, headed by Infosys co-founder Kris Gopalakrishnan and NASSCOM President Debjani Ghosh, proposed to regulate the collection, analysis, sharing, distribution of gains, and destruction of data. The draft named Facebook, Amazon.com, Uber, Google as the first movers’ beneficiaries who may have squeezed many start-ups.
Uber has agreed to buy Postmates Inc for $2.65 B in all-stock agreement. Uber’s food delivery service Uber Eats will run collaboratively with San Francisco-based Postmates. The deal has been approved by Uber’s board. As of May, Postmates accounted for 8% of the US meal delivery market. Uber earlier acquired Just Eat Takeaway.com for $7.3 B.
Uber has appointed Pradeep Parameswaran as the regional general manager of its Asia Pacific region operations. He will take over next week and will improve Uber’s presence in nine Asia Pacific nations. Before the wild spread of coronavirus outside China, the firm planned to expand in Japan and South Korea. Parameswaran earlier led Uber’s Indian business for 2 years. He believes that they have huge potential to serve customers using innovation.