Business
“You should only tip if you feel you got your money’s worth and then some”

About 20% of Uber riders tip their drivers, according to a new CBS interview with CEO Dara Khosrowshahi. For Khosrowshahi, that amount seems to be just fine.

“You should only tip if you feel you got your money’s worth and then some,” the CEO told CBS News Sunday Morning. In the US, Khosrowshahi said, there’s a pressure and expectation to tip.

That’s probably not music to the more than 7 million Uber drivers’ ears: tips aren’t required on the app but they certainly help to pad drivers’ wages. Recent research by New York’s Columbia Business School found that Uber’s shifting algorithms had cut driver pay on billions of trips.

There’s also the matter of Khosrowshahi telling The Wall Street Journal earlier this year that human driver displacement from autonomous vehicles will occur within the next 15 to 20 years.

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Sony is reportedly considering pushing the PlayStation 6 to 2028 or 2029 as AI RAM demand squeezes consumer electronics

AI’s ongoing need for more memory chips, which some are referring to as “RAMmageddon,” is reportedly shifting Sony’s plans for its next PlayStation console.

According to reporting by Bloomberg, the company is weighing a delay of the PS6 to 2028 or 2029 — a pivot from the company’s typical six- to seven-year console life cycle.

Memory costs could also result in Nintendo hiking the price of the Switch 2, per the report.

The report is part of a larger trend of AI demand impacting consumer electronics, including gaming equipment. Earlier this month, reports said that Nvidia will not release a new gaming graphics chip this year — a first. Steam owner Valve delayed its forthcoming Steam Machine console, and its popular Steam Deck handheld is currently unavailable for purchase in the US. Per Valve’s website: “Steam Deck OLED may be out-of-stock intermittently in some regions due to memory and storage shortages.”

Amid the AI memory squeeze, gaming stocks have also experienced major recent sell-offs following the release of Google’s AI interactive world-generation tool, Project Genie.

Memory costs could also result in Nintendo hiking the price of the Switch 2, per the report.

The report is part of a larger trend of AI demand impacting consumer electronics, including gaming equipment. Earlier this month, reports said that Nvidia will not release a new gaming graphics chip this year — a first. Steam owner Valve delayed its forthcoming Steam Machine console, and its popular Steam Deck handheld is currently unavailable for purchase in the US. Per Valve’s website: “Steam Deck OLED may be out-of-stock intermittently in some regions due to memory and storage shortages.”

Amid the AI memory squeeze, gaming stocks have also experienced major recent sell-offs following the release of Google’s AI interactive world-generation tool, Project Genie.

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Video game experts say Google’s Project Genie isn’t an industry killer. Investors don’t seem convinced.

Analysts and company execs are trying to dispel fears around AI’s impact on gaming, but Wall Street is still wary.

LA Auto Show

Rivian just had its best day ever on the stock market, after more than 4 years of pain

The EV maker’s software division helped power a strong Q4, as industry giants pump the brakes on their electric ambitions.

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