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Uber China closes $1 billion fundraising early

Uber China closes $1 billion fundraising early

Uber Technologies Inc’s China division closed it $1 billion fundraising round early, with investors hopeful for the riding service despite domestic competition, according to two persons with knowledge on the subject. On the list of investors in Uber’s Chinese unit there are: Hillhouse Capital, which is Asia’s biggest hedge fund, […]

Uber partners up in a step towards autonomous cars

Uber partners up in a step towards autonomous cars

The American network company is looking to develop self-propelled cars, partnering with optics experts from a University in the U.S. Uber is looking to work with researchers from the University of Arizona’s College of Optical Science in its attempt to get closer to robotic taxis. The collaboration would target only mapping […]

UK: Cabs go up 26% due to Uber

UK: Cabs go up 26% due to Uber

Since Uber started working in London, the number of private hire vehicles witnessed a massive growth of 26% in the past two years. The number of private hire vehicles went up 3% between 2009 and 2011, followed by a 2% decline in 2012 and 2013. It looks as if the […]

Jeep hacker resigns from Twitter job

Jeep hacker resigns from Twitter job

The security researcher, who managed to hack into a moving Jeep earlier this year, left his job for the past three years as an engineer at Twitter Inc, according to a source familiar with the matter. Charlie Miller, who is a former National Security Agency hacker and also one of […]

Global Bookings: Uber could reach $26 billion by 2016

Global Bookings: Uber could reach $26 billion by 2016

While it might not be taxi companies’ most favorite, and Hillary Clinton actually took a stand on how it negatively impacts businesses, Uber continues its expansion at a really high and fast rate. This year, bookings are estimated at reaching $10.84 billion at a global level and a growth of […]