UK sailors convinced the Royal Navy to get a computer room on its newest aircraft carrier for esports and video games
It's not his main job, of course. Miller is one of two logistics store chiefs on board the HMS Prince of Wales, the UK's second aircraft carrier.
Business Insider took a look inside the ship as it docked in Singapore during an eight-month deployment to the Indo-Pacific.
Miller, the vice-chairman of the Royal Navy's esports committee, voluntarily manages the onboard gaming room, which was set up in February.
After wrapping up a typical day at 8 p.m., Miller tends to spend a few hours in the suite, enjoying robust air conditioning and playing the strategy game "Sid Meier's Civilization VI."
"Other ships have PlayStations and Xboxes down on the mess deck so they can play where they live, but this is the first ship that's got a PC setup like this," Miller said.
Officially dubbed the ship's "esports suite," it's more like a computer lab for now. The facility is an old exam room fitted with LED lights, a widescreen TV, office chairs, and eight beefy Alienware gaming computers.
While on the high seas, the carrier's internet is typically only good enough to support simple text messages, so sailors make do with local multiplayer games such as "Halo" and "Team Fortress 2."
The suite's gaming gear is sponsored by the Royal Navy, which disburses funds to troops petitioning for official support in a sport. To get money, sports committees must prove their pastime has a large following within and outside the British forces.
In March 2024, the UK's defense ministry recognized esports as a military sport, saying it valued digital skills associated with gaming and hoped the activity would help retain young talent.
"If you're a top gamer, or a coder, your country needs you," UK Defense Minister John Healey said in a September speech.
One of the crew's selling points for the carrier's gaming suite is that it can be a tool for cross-rank team bonding. Mess halls are sometimes equipped with consoles for couch gaming titles like "Mario Kart," but free access to these rooms is bound by seniority.
Miller said officers and leaders book the gaming suite via email about three times a week for their teams. Sailors also use it ad-hoc every evening while at sea, he said.
Aircraft carriers and amphibious assault vessels, with hundreds or thousands of troops on board, often boast a range of recreational facilities.
The Prince of Wales, commissioned in 2019, comes with ice baths, saunas, inflatable swimming pools, a golf simulator, three gyms, and karaoke.
But with 1,600 crew, squadron staff, and marines aboard, space on the 72,000-ton vessel can be a luxury. Two of the suite's computers are unused because they can't fit in the room, and Miller said the committee has a near-impossible ambition of installing an F1 driving simulator rig.
S/Lt. Joshua Hill, the treasurer of the Royal Navy's esports committee, told BI that its members have been setting up gaming suites like this one in the UK's naval bases.
But warships are a different story, and getting a room to build a gaming suite on a carrier was an encouraging sign of Royal Navy support, Hill said.
"A lot of our infrastructure in the Navy is used, so trying to find the space that they can give up is what we're struggling with at the moment," said Hill. He doesn't work on the carrier, but is an assistant logistics officer on the HMS Dauntless, an accompanying destroyer.
Hill hopes this suite can serve as an example of how computer multiplayer games can be introduced to other UK warships.
"The next step is, can we get connectivity?" he said. "That's kind of the aim for stuff on ships as a whole."
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Earnings live: Airbnb beats, DoorDash stock pops, Lyft slides after Uber set the bar high
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors hear from Tyson (TSN), AMD (AMD), Snap (SNAP), McDonald's (MCD), Disney (DIS), Uber (UBER), Lyft (LYFT), Palantir (PLTR), and more when they report results. Data from FactSet published Friday showed that with 66% of the index having reported results, analysts expect S&P 500 companies to report a 10.3% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. 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Total orders, which means all orders through its marketplaces and commerce platform, also jumped 20% to 761 million in the quarter. That's more than the 749 million analysts had anticipated. Shares rose as much as 3% after the results. Marketplace GOV, which is the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $24.2 billion compared to the expected $23.6 billion. Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. 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Year to date, the stock has been on a tear, up more than 50%, compared to the S&P 500's (^GSPC) 8% gain. The company said total orders were driven by strength in the US restaurant category, as its DashPass membership members ordered more frequently. It added that it continues to "improve the value proposition" for its DashPass membership. DoorDash expects marketplace GOV in the current quarter to come in between $24.2 billion and $24.7 billion. Adjusted EBITDA is expected to fall between $680 million and$780 million in its third quarter. Shopify stock soars on upbeat forecast, 31% revenue growth Shopify (SHOP) stock surged 18% before the opening bell after the commerce technology company provided an upbeat forecast and positive results. Gross profit rose to $1.3 billion in the quarter, while revenue reached $2.68 billion, compared to estimates of $2.54 billion. 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The company also widened its full-year loss projection but increased its EBITDA guidance. Yahoo Finance's Pras Subramanian reports: Read more here. Rivian Q2 earnings preview: EV tax credit impact, R2 SUV update on the agenda Pure-play EV maker Rivian (RIVN) has been building toward profitability, but the loss of federal EV tax credits expiring at the end of September will likely hurt the company's ability to scale up sales. Yahoo Finance's Pras Subramanian previews what to expect when Rivian reports second quarter earnings after the bell on Tuesday: Read more here. Pure-play EV maker Rivian (RIVN) has been building toward profitability, but the loss of federal EV tax credits expiring at the end of September will likely hurt the company's ability to scale up sales. Yahoo Finance's Pras Subramanian previews what to expect when Rivian reports second quarter earnings after the bell on Tuesday: Read more here. Yum Brands stock falls amid underperformance in the US Yum Brands (YUM) stock fell over 3% on Tuesday after an earnings miss and weaker-than-expected sales in the US amid a tougher consumer environment. "Even with a solid overall top line performance, we have opportunities to improve performance in underperforming regions such as the US and parts of Europe, where challenges stem from gaps in value perception, inconsistent consumer experience, and innovation that has not fully resonated with consumers," Yum Brands CEO David Gibbs said on the earnings call. The Taco Bell parent company reported earnings per share of $1.44 adjusted versus $1.46 expected, according to estimates compiled by S&P Global Market Intelligence. Revenue for the quarter hit $1.93 billion, roughly in line with the $1.94 billion expected. US same-store sales for KFC and Pizza Hut fell 5% year over year. US system sales for Taco Bell grew 6%. Yum Brands (YUM) stock fell over 3% on Tuesday after an earnings miss and weaker-than-expected sales in the US amid a tougher consumer environment. "Even with a solid overall top line performance, we have opportunities to improve performance in underperforming regions such as the US and parts of Europe, where challenges stem from gaps in value perception, inconsistent consumer experience, and innovation that has not fully resonated with consumers," Yum Brands CEO David Gibbs said on the earnings call. The Taco Bell parent company reported earnings per share of $1.44 adjusted versus $1.46 expected, according to estimates compiled by S&P Global Market Intelligence. Revenue for the quarter hit $1.93 billion, roughly in line with the $1.94 billion expected. US same-store sales for KFC and Pizza Hut fell 5% year over year. US system sales for Taco Bell grew 6%. Lemonade stock jumps on solid guidance Lemonade (LMND) stock jumped 8% in premarket trading as the insurance company kicked off its earnings call and reported a narrower loss than expected. In the second quarter, Lemonade posted a loss of $0.60 per share. Analysts were expecting an $0.80 per share loss. Revenue of $164.1 million beat estimates for $160.8 million and rose 34% from the same period a year ago. Gross profit increased by 109% year on year to $64.3 million, while gross margin improved by 14 points to 39%, the company said. Lemonade also raised its full-year revenue guidance to $710 million-$715 million. Listen to the earnings call here. Lemonade (LMND) stock jumped 8% in premarket trading as the insurance company kicked off its earnings call and reported a narrower loss than expected. In the second quarter, Lemonade posted a loss of $0.60 per share. Analysts were expecting an $0.80 per share loss. Revenue of $164.1 million beat estimates for $160.8 million and rose 34% from the same period a year ago. Gross profit increased by 109% year on year to $64.3 million, while gross margin improved by 14 points to 39%, the company said. Lemonade also raised its full-year revenue guidance to $710 million-$715 million. Listen to the earnings call here. Caterpillar warns of up to $1.5 billion tariff hit, profit misses on weak demand Caterpillar (CAT) is expecting a bigger hit from tariffs in the third quarter and the rest of 2025 than it initially projected, as President Trump's tariffs hit the industrial and manufacturing segment especially hard. The company flagged a tariff impact of $400 million to $500 million in the third quarter and $1.5 billion hit from costs tied to US tariffs in 2025. Caterpillar was able to offset some of the higher tariff costs; however, higher interest rates and a slowdown in US construction activity led to a pullback in demand for its products. The heavy machinery manufacturer reported adjusted earnings per share of $4.72 on revenue of $16.6 billion. Analysts were expecting adjusted EPS of $4.90 on revenue of $16.3 billion, according to S&P Global Market Intelligence. Caterpillar stock fell less than 1% in premarket trading. Caterpillar (CAT) is expecting a bigger hit from tariffs in the third quarter and the rest of 2025 than it initially projected, as President Trump's tariffs hit the industrial and manufacturing segment especially hard. The company flagged a tariff impact of $400 million to $500 million in the third quarter and $1.5 billion hit from costs tied to US tariffs in 2025. Caterpillar was able to offset some of the higher tariff costs; however, higher interest rates and a slowdown in US construction activity led to a pullback in demand for its products. The heavy machinery manufacturer reported adjusted earnings per share of $4.72 on revenue of $16.6 billion. Analysts were expecting adjusted EPS of $4.90 on revenue of $16.3 billion, according to S&P Global Market Intelligence. Caterpillar stock fell less than 1% in premarket trading.


Los Angeles Times
an hour ago
- Los Angeles Times
Uber's ride results disappoint even as bookings top estimates
Uber Technologies Inc.'s rideshare division missed Wall Street estimates, disappointing investors who were looking for signs of more robust demand in its signature business. Total gross bookings — a closely watched metric that includes ride hails, delivery orders and driver and merchant earnings but not tips — came in at $46.8 billion for the three months ended June 30, topping analysts' estimates. But that was mostly thanks to a strong showing from the company's food-delivery unit. Bookings for Uber's rideshare division — the business it remains best known for — fell short of Wall Street's projections, with $23.8 billion versus an average estimate of $23.9 billion. Investors responded by sending the stock down as much as 3.5% on Wednesday. It has been up 47% so far this year, outpacing the S&P 500 Index. The market reaction overshadowed a rosy third-quarter outlook. The bookings forecast for the current period represents an 18% to 21% growth rate, according to Bloomberg calculations, faster than the 17% gain Uber saw in the second quarter. Uber also announced new share buybacks of an additional $20 billion, reflecting its 'continued confidence in the business,' Chief Executive Officer Dara Khosrowshahi said in prepared remarks. The company still has $3 billion remaining from its prior authorization. Its results are likely to set expectations for the broader ride-hailing and food-delivery industries, as broader concerns remain about the health of the US consumer. Rideshare peer Lyft Inc. and delivery rival DoorDash Inc. are both scheduled to report results after the close on Wednesday. The delivery business, which fueled the strong second-quarter bookings, saw more users placing orders in the US, Australia, Canada and Mexico. Khosrowshahi also cited an uptick in grocery and retail merchants on the platform. The company completed its acquisition of Turkish delivery app Trendyol Go at the end of the second quarter, which will help boost business in the country, he added. On the rideshare side, Uber has been offering more types of trip types to cater to different user needs. While ride prices have been increasing less sharply as of late thanks to moderating insurance costs, the firm said its efforts to improve affordability in the US are also helping boost trip growth in the current period. In May, for example, it launched cheaper pooled rides and a monthly ride pass allowing commuters to lock in prices on frequently taken routes. Uber partially attributed the results to the cross-selling advantage it has for the two core services it offers. Khosrowshahi said that 12% of annualized delivery bookings — translating to $10 billion — are generated via the Eats tab within the Uber rideshare app. Subscribers for Uber One, the company's paid membership program, jumped about 60% from the year-earlier period, topping 36 million. Those members now generate 40% of total gross bookings. Internationally, Uber said it's 'redoubling' efforts to increase its presence outside large European cities, as well as in new markets through taxi partnerships. Competition is set to heat up in the continent after rival Lyft entered new European countries through its acquisition of the taxi app Freenow. For the current period, gross bookings will range from $48.25 billion to $49.75 billion, Uber said. Wall Street was projecting $47.6 billion, according to Bloomberg-compiled estimates. The outlook includes a small bump from the completion of the Trendyol Go purchase and some currency tailwinds. Adjusted earnings before interest, taxes, depreciation and amortization for the second-quarter were a record $2.12 billion, ahead of the $2.09 billion that analysts had forecast. For the third quarter, Uber sees adjusted Ebitda from $2.19 billion to $2.29 billion, the mid-point of which also beats estimates. The company is also looking to monetize more of its $8.7 billion equity stakes — most of which are publicly listed — to help seed investments related to the commercialization of autonomous vehicles, said Chief Financial Officer Prashanth Mahendra-Rajah in prepared remarks. During the earnings call, Khosrowshahi laid out a clearer vision of that strategy. So far, Uber has struck 20 autonomous partnerships across its ride-hailing, delivery and freight business, including offering Waymo robotaxis on its platform in Phoenix, Austin and Atlanta. It has also invested in fleet managers that handle daily maintenance and depot operations on the ground. Those efforts are still in an early stage, but Khosrowshahi said the company will be using the initial launches to assess how much revenue each robotaxi generates on a per-day basis, so it can secure more third-party financing to scale future autonomous fleets. 'We've talked to private equity players, we've talked to banks,' Khosrowshahi said. 'While it will take some time, we're very confident that these assets are going to be financeable. And for us, we believe it's a competitive advantage for us to be able to use a relatively modest part of our cash flow to fund kind of the catalyst getting started here.' Uber will potentially invest in real estate, facilities and vehicles in the autonomous ecosystem, as it's doing in its recently announced deal with Lucid Group Inc., Mahendra-Rajah added in the call. 'This is really to help us build our learning base and to build enough information for us to be able to engage more credibly with financing partners, having run these at scale ourselves, and then be able to bring them into the fold with real data on how they can earn a return in this space,' Mahendra-Rajah said. 'That has been a pretty consistent investment approach for Uber,' he added. 'We go into markets and go into products starting at a loss, we build scale, we build our experience, and then over time we know exactly the levers that are necessary to turn to get that profitability.' Lung writes for Bloomberg.

Business Insider
an hour ago
- Business Insider
Vibe coding is the future — just don't trust it (yet)
In late June, the CEO of a tech startup halted all software development at the company. He wanted to ensure every team member who worked with code was up to speed on the latest trend: vibe coding. "You start to realize, wow, these things could move way faster," Rowan Trollope, the CEO of Redis, a software company, told Business Insider. He immediately approved the use of all AI-assisted coding tools. Then the company launched a weeklong hackathon that challenged teams of employees to "use all the latest and greatest AI technologies to do something cool," Trollope said. Companies have found, however, that despite the excitement — and the millions in funding pouring into vibe coding companies — the technology is still limited. So, many CEOs are developing new policies and tools to maximize the benefits of vibe coding while mitigating the pitfalls. Vibe coding is when developers (or anyone, really) prompt AI to generate code. In a survey of hundreds of engineers in May, Jellyfish, a software intelligence platform, found that 90% of them had integrated AI into their work, up from 61% just a year ago. Vibe coding is now a marketable skill in Silicon Valley. Companies from Visa to Reddit to DoorDash are posting jobs that require vibe coding experience or familiarity with AI coding tools. Meta now allows job candidates to use an AI assistant in their coding interviews. The term was coined by OpenAI cofounder Andrej Karpathy in February. "There's a new kind of coding I call 'vibe coding,' where you fully give in to the vibes, embrace exponentials, and forget that the code even exists," Karpathy wrote in a post on X. "I just see stuff, say stuff, run stuff, and copy-paste stuff, and it mostly works." Limits to the technology remain, however. Though vibe coding promises quick productivity gains and allows people with little coding experience to create software, tech executives say AI is still prone to mistakes, often writes unnecessarily long code, or lacks the proper architecture. So Trollope and other tech CEOs have had to introduce parameters for its use. Trollope said vibe coding is best for building proof of concepts, writing tests, and validating existing code, but not necessarily developing any of the company's core software. "It's still not in a place yet where we would trust it with our core technology," he said. While still limited, this new, more freewheeling approach has gained momentum in part thanks to the money flowing into vibe coding platforms. Last month, Anysphere, the company behind Cursor, an AI-assisted code editor, announced a $900 million Series C fundraise at a $9.9 billion valuation. Wix, a web-development platform, announced that it had acquired the vibe coding platform Base44 for $80 million. Replit, a code editor, saw revenue grow fivefold in September after it released Agent, a coding assistant that works with natural language prompts. By June, the company landed a new $250 million funding round that brought its valuation to $3 billion, according to Forbes. Swedish vibe coding startup Lovable, one of Europe's fastest-growing startups, raised $200 million in Series A funding in July at a $1.8 billion valuation, according to PitchBook. The funding frenzy pushed AirTable, a database development platform, to relaunch last month as a fully AI-native platform. As part of the overhaul, the company created an app-building assistant called Omni for vibe coders. It allows developers to "conversationally vibe generate the app they want, but understand what's been generated all the way down to the data and logic layer as well," AirTable said in a blog post announcing the overhaul. "There's still a question of: Is that an AI tourist attraction? Is it going to be durable? Is it going to be high churn?" AirTable CEO Howie Liu told Business Insider. But "all these people are coming in and pulling out their credit cards to try it out." For AirTable, "not fully reinventing ourselves is kind of like a guaranteed path to obsolescence," Liu said. With the launch of Omni, Liu also saw an opportunity to correct some of the problems that come with vibe coding. With vibe coding, "you're not really inspecting the code, you're not really thinking about the technical architecture, you're just telling it what you want it to build and kind of like clicking the 'I'm feeling lucky button,'" Liu said. "The magical thing is like the AI has gotten good enough that it seemingly just works some of the time." But even apps that "seemingly work" can be riddled with errors and security vulnerabilities at their deeper, infrastructure layers. In a perfect world, developers could leverage artificial general intelligence to code apps given the breadth of information that developers need to reason through, Liu said. Until then, developers need a "two-way feedback loop between the agent that is building the code, or building the app, and the user, the human, who's guiding it and saying, 'here's what I actually want you to build.'" At Redis, humans are convening internal groups to share best prompting practices to improve their part of the equation, Trollope said. "I think people do go on a journey where you start very small and you very quickly realize the prompts can get longer and longer and more and more complicated," he said.