Uber on Wednesday said its revenue increased 83% to $5.8 billion in the fourth quarter compared to the year-ago period, thanks in large part to the fast growth of its Uber Eats restaurant delivery service. Delivery revenue rose 78% to $2.4 billion, and was nearly six times higher than the same period in 2019, before the pandemic lockdowns drove a surge in demand. Revenue from ride-hailing rose...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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