Business
Uber
(Sebastian Gollnow/Getty Images)
Hands-free

Uber’s having drivers train its AI while partnering with robotaxi companies that could replace them

Uber CEO Dara Khosrowshahi outlined how the company's drivers are helping to train its AI.

Max Knoblauch

Uber, one of the OG tech disruptors, sure appears to be planning to disrupt its own workforce. Speaking at the Bloomberg Tech conference on Thursday, CEO Dara Khosrowshahi said the companys drivers can now make extra cash by helping train its AI.

The only issue: that AI may one day power autonomous vehicles that put human drivers out of business.

Khosrowshahi said Ubers drivers and couriers are now labeling maps, translating language, looking at AI answers, and grading AI answers as part of the ride-hailing companys effort to create more work and earnings opportunities for its gig workforce.

According to Khosrowshahi, this work will be very small compared to the overall workload of a typical driver.

This new gig income stream comes in a year thats seen Uber roll out driverless rides in Austin through its partnership with Google-owned Waymo. The company plans to launch Waymo robotaxi rides in Atlanta this summer.

In the companys earnings call earlier this month, Khosrowshahi said Ubers Austin Waymos are busier than 99% of [Ubers] Austin drivers.

Bloomberg has previously reported on Ubers expansion of its of independent contractor workforce to include programmers and data labelers. The idea that its drivers are now AI trainers, too, appears to be new information.

The autonomous vehicle industry “represents a safer way of transportation, Khosrowshahi said at the conference, adding that Uber has 18 partnerships in the AV ecosystem. The CEO has been very up-front about Ubers plans to eventually phase out human drivers, telling The Wall Street Journal earlier this year that human driver displacement from AVs will occur within the next 15 to 20 years.

As of last September, Uber had more than 7 million drivers worldwide.

More Business

See all Business
business

Warner Bros. Discovery climbs amid reports it’s rejected takeover offers around $24 per share

Shares of Warner Bros. Discovery are trading up on Wednesday as a bidding war for the HBO and CNN parent company heats up.

According to CNBC, WBD has now rejected three Paramount Skydance offers. The latest was said to be for close to $24 per share (about a 15% premium from the stock’s level as of Wednesday morning and nearly double where it was trading before reports of a potential takeover surfaced in September) with 80% in cash. Yesterday afternoon, Reuters reported that WBD’s board rejected the $24 offer on Tuesday.

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

WBD, which said on Tuesday it was open to a sale and that there are multiple interested parties, climbed on the latest update. The stock was up more than 4% after the market opened before its gains narrowed.

According to reports, Paramount remains the most interested potential buyer, but Comcast, Amazon, and Netflix are also circling.

On Netflix’s earnings call after the bell Tuesday, the streamer’s co-CEO, Ted Sarandos, reiterated that the company has “no interest in owning legacy media networks.” Still, industry experts have speculated that a sale of WBD’s streaming and film studios business — which it previously intended to spin off — could be on the table, leaving Netflix in the hunt.

business
Millie Giles

Mattel stock sinks after the Barbie maker posts disappointing Q3 results

Shares of toymaker Mattel fell by more than 6% in early trading this morning, after the company posted third-quarter results on Tuesday evening that missed analysts’ estimates.

The company, which owns Barbie and Hot Wheels, reported net sales of $1.74 billion — a 6% slump year over year, and short of the $1.83 billion Wall Street expected — with net profit also slipping by 25% to $278 million.

Plant Based Meat Burger on grill

Beyond Meat is soaring again — can the fake meat company turn the meme stock spotlight into a real future?

The faux meat maker’s stock is up more than 1,200% since October 16, but its core business is still a cash incinerator.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.