Tue. 10/01 – Uber Profitable

Tech Brew Ride Home

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News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 1 August 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber reports meaningful, not gimmicky profitability for the first time ever. Meta’s gonna give you AI chatbots with personality. Google is overhauling Assistant with AI stuff. Even Pierson is getting ahead of the whole, let AI tutor you on stuff, stuff. Nintendo is probably giving us a new console next year. And the prisoner’s dilemma that is fueling quantum computing development, but heck, let’s be honest, fueling AI development as well. Links: Uber Delivers First-Ever Operating Profit in Drive to Curb Losses (WSJ) Meta prepares chatbots with personas to try to retain users (FT) Scoop: Google Assistant to get an AI makeover (Axios) Amazon wants Alexa to bring AI into the home (Axios) Pearson Offers New AI Study Tools in Time for Back-to-School (Bloomberg) Sources: Nintendo targets 2024 with next-gen console (VCG) Quantum Tech Will Transform National Security. It’s Testing U.S. Alliances Now. (NYTimes) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Tuesday, August 1st, 2023. I'm Brian McCullough today.
0:08.9	Uber reports meaningful, not gimmicky profitability for the first time ever.
0:13.0	Meta is going to give you AI Chatbots with personality.
0:16.0	Google is overhauling assistant with AI stuff,
0:19.0	even Pearson is getting ahead of the whole let AI tutor you on stuff stuff.
0:24.0	Nintendo is probably giving us a new console next year and the prisoner's dilemma
0:27.6	that is fueling quantum computing development but heck let's be honest fueling
0:31.3	AI development as well. Here's what you missed today in the world of tech
0:37.4	It is worth noting the stuff when notable things like this happen
0:41.6	Uber's profitable.
0:43.3	Uber reported Q2 revenue up 14% year over year to 9.23 billion dollars.
0:47.9	Gross bookings were up 16% year over year to 33.6 billion dollars and they reported a
0:54.1	394 million dollar net income number up from a 2.6
0:59.5	billion dollar loss in Q2 of 2022 so Uber's first profit in history.
1:05.8	Quoting the journal.
1:07.1	The results for the three months through June were driven by solid growth
1:09.6	in both of Uber's core businesses,
1:11.5	as the number of rides in the US and Canada
1:13.3	surpassed pre- Pandemic levels for the first time and demand for delivery stayed
1:17.4	strong despite restaurant reopening. The quarter was the first since Uber's
1:21.0	2009 founding that it reported its underlying operations were profitable.
1:25.2	The operating performance helped lift Uber to a net profit in the quarter.
	...

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