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Posts Tagged ‘ Lyft ’

Uber to buy Geometric Intelligence to strengthen its AI wing

Tuesday, December 6, 2016 | More »

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US- based ride-hailing app Uber Inc. on Monday made two significant announcements in its blog. The first was its creation of a new division for artificial intelligence (AI), called AI Labs, to be based in San Francisco. The second announcement was that Uber is acquiring an AI startup Geometric Intel...

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Now Chinese ride-hailing major Didi Chuxing wants to go global

Chinese taxi-hailing firm Didi Chuxing has expressed its ambitions to go global. Didi’s president Jean Liu made it clear at an event in the US that, “We are definitely going global.” “We are a big sponsor and a big believer in local players. If there are no existing local players, we will go...

21 October, 2016 | More »

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Apple-backed Didi plans self-driven cars

The Chinese ride hailing firm Didi Chuxing is reportedly working on self-driving cars. According to Bloomberg Businessweek, Didi Chuxing, which recently took over world’s largest cab-hailing app Uber’s China business, is looking to hire data scientists and engineers from the Silicon Valley in US...

7 October, 2016 | More »

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Uber’s Southeast Asia battle intensifies as rival Grab raises funding

Southeast Asian cab-hailing firm Grab has raised $750 million in a round led by Japan’s SoftBank Group Corp. This has increased the Singapore-based startup’s total capital to over $1 billion. “With this transaction, Grab becomes the best capitalized technology startup and mobile internet compa...

21 September, 2016 | More »

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Uber rival Lyft plans driverless cabs

Lyft, America’s second-largest ride-hailing service after Uber, expects self-driving cars to account for a majority of its rides within five years, co-founder and president John Zimmer said. Zimmer told TIME in an interview he expects car ownership will “all but end” in major US cities in less...

19 September, 2016 | More »

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What Ola can learn from Didi Chuxing on its battle against Uber

Chinese cab-hailing firm Didi Chuxing, the main local competitor for Uber Technologies Ltd in China, has just raised an incredible $7.3 billion in fresh financing. The latest round brings DidiChuxing’s war chest to about $10.5 billion, against the $11.5 billion on Uber’s balance sheet. Q...

20 June, 2016 | More »

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Ola joins global alliance to take on Uber

India’s largest ride-sharing service Ola has joined its international peers Didi Kuaidi, Lyft and GrabTaxi to form an alliance against common rival, San-Francisco-based Uber. The global alliance enables customers of one partner to avail cab-hailing services of the other three through the same app ...

4 December, 2015 | More »