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The company is recruiting fewer ride-hailing drivers in markets where autonomous vehicles operate. Officials say the change aims to protect earnings for existing drivers while overall sign-ups have risen with demand.
Uber is recruiting fewer ride-hailing drivers in some cities where self-driving cars operate, the company's CEO said. The reduction is intended to limit new entrants so that current drivers can maintain earnings, the CEO told Fast Company. The same statement noted that human drivers in those markets are busier than drivers in cities without the vehicles.
Driver sign-ups and demand The company reported that more drivers have joined the platform even as marketing spending is reduced in certain cities. Officials attributed the increase to added rider demand created by the presence of autonomous vehicles. A spokesperson said both statements can be true at once: fewer targeted recruitment efforts alongside higher voluntary sign-ups.
Outlook for human drivers The company has stated it will continue to need human drivers alongside autonomous vehicles. Last year the chief operating officer said the total number of drivers could rise as more people choose ride-hailing instead of car ownership.
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benzinga.comTreasury officials froze a $130 million cryptocurrency account tied to Iran's IRGC. Officials also urged Congress to pass the Crypto Clarity Act, which is now close to final approval.
ABC NewsRobert F. Kennedy Jr. stated Tuesday that officials traced the outbreak and that companies carried out recalls. The CDC recorded 1,645 confirmed cases across 34 states with 145 hospitalizations.
yna.co.krThe S&P 500 gained 0.9 percent, the Dow Jones Industrial Average added 361 points, and the Nasdaq composite climbed 1.4 percent on Tuesday. Technology shares led the advance while Brent crude reached its highest level in more than five weeks.