Grab, Southeast Asia’s ride-hailing giant backed by SoftBank, said its adjusted net sales rose 39% to a record $507 million in the first quarter, as strong demand for food deliveries offset a sales decline in rides amid the pandemic. Its EBITDA loss narrowed to $111 million from $344 million. Grab’s latest quarterly results come as the Singapore-based company is trying to go public in New York...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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