Latest news with #NatalieLung
Bloomberg
4 days ago
- Business
- Bloomberg
Uber Walks Fine Line to Satisfy Shareholders on Driverless Car Investments
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. Today, Natalie Lung reports on Uber's strategy to invest in the future of robotaxis. GPT-5: OpenAI rolled out its long-awaited new artificial intelligence model, GPT-5. According to Nick Turley, who runs OpenAI's ChatGPT team, this new model can find better answers, respond more quickly and fabricate responses less frequently than earlier models.
Bloomberg
6 days ago
- Business
- Bloomberg
Lyft Posts Second-Quarter Profit Beat With Rides Hitting Record
By and Natalie Lung Save Lyft Inc. posted profit in the second quarter that far exceeded Wall Street's expectations, signaling that the ride-hailing company's years-long effort to expand globally and steal market share from much-larger rivals is gaining ground. The company's net income totaled $40.3 million in the three months ended June 30, more than double the $18.1 million that analysts had expected. Gross bookings gained 12% from a year earlier, roughly in line with estimates. The number of active passengers and completed rides on the platform both hit records.
Bloomberg
14-07-2025
- Business
- Bloomberg
AI Dating Features Face Rejection From Gen Z
A new Bloomberg Intelligence survey shows younger people are less interested in generative artificial intelligence features on dating apps, which could be a problem for companies investing heavily in such features in an effort to attract new users. Bloomberg's Natalie Lung discusses with Jackie Davalos on 'Bloomberg Tech.' (Source: Bloomberg)
Mint
19-06-2025
- Automotive
- Mint
Uber Warns Hong Kong Drivers and Riders of Possible New Curbs
(Bloomberg) -- Uber Technologies Inc. is emailing Hong Kong users to raise concerns about rules the city is formulating, warning the government could cap the number of drivers or vehicles allowed on the platform. The San Francisco-based company said any such limit would reduce opportunities for drivers to earn money and could lead to more cancellations and longer wait times, according to the emails, which are being sent to 30,000 Uber drivers and 1.5 million people in the city who have used the service in the last year. Hong Kong is expected to release new ride-hailing regulations in the coming months after last year outlining long-awaited but ambiguous plans to regulate the industry. Those plans included imposing licenses on platforms and adopting tougher penalties for rule breaking. The Hong Kong government didn't immediately respond to a request for comment. Uber has become a popular alternative to the city's local taxi services, which have for years drawn the ire of residents and tourists alike. The company launched in Hong Kong in 2014 and seven years later acquired the HKTaxi app, a widely used platform for hiring cabs. Uber offers traditional ride-hailing and services such as Uber Taxi, which allows users to book local taxis through the firm's own app. Hong Kong taxi drivers in 2023 threatened to go on strike to protest the government's unwillingness to regulate ride-hailing services. Uber's presence has made it a target of Hong Kong's taxi industry, which says Uber deprives it of revenue each day and creates unfair competition. In March, Uber suggested regulatory measures such as ensuring platforms be licensed and have safety measures and insurance in place, and that drivers be licensed and pass background checks. Uber's general manager for Hong Kong, Estyn Chung, said people in the city value ride-sharing. 'We hope the government is considering a regulatory framework that prioritizes safety, meets the needs of riders and drivers, and enables ride-sharing and taxis to grow side by side,' he said. In the US, Uber and rival Lyft Inc. have sent emails and used their apps to communicate with drivers and riders about proposed rules in various states and cities. Meanwhile, Uber may soon face increased competition in the city from China's Didi Global Inc., which has been quietly recruiting new drivers in Hong Kong as it looks to grow outside of the mainland. --With assistance from Natalie Lung. More stories like this are available on
Bloomberg
06-06-2025
- Business
- Bloomberg
Uber CEO Makes Moves to Entice Customers to Use All His Services
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Natalie Lung looks at the strategy Uber Chief Executive Officer Dara Khosrowshahi described as the next steps for his company's growth during an appearance at the Bloomberg Tech conference. Help us improve Bloomberg's newsletters: Take a quick survey to share your thoughts on your signup experience and what you'd like to see in the future.
