City
Epaper

Uber working on AI-powered chatbot, logs first-ever operating profit

By IANS | Updated: August 2, 2023 18:15 IST

New Delhi, Aug 2 Ride-hailing platform Uber is reportedly working on an AI-powered chatbot to boost customer service ...

Open in App

New Delhi, Aug 2 Ride-hailing platform Uber is reportedly working on an AI-powered chatbot to boost customer service as the company posted its first-ever operating profit in the second quarter (Q2) this year.

Uber CEO Dara Khosrowshahi said that Uber has been leveraging machine learning for years.

"We’re working on it (chatbot) right now. We have been working with machine learning, artificial intelligence systems for years and years," he was quoted as saying on Bloomberg Technology Show.

Uber’s competitors like DoorDash and Instacart Inc are also building their own chatbots. The company said that gross bookings grew 16 per cent year-over-year to $33.6 billion in Q2. Revenue grew 14 per cent YoY to $9.2 billion and net income was $394 million.

"Robust demand, new growth initiatives, and continued cost discipline resulted in an excellent quarter, with trips up 22 per cent and a GAAP operating profit, for the first time in Uber’s history," said Khosrowshahi.

"These results also translated into strong driver and courier engagement, with 6 million drivers and couriers earning a record $15.1 billion during the quarter," he added.

Monthly active platform consumers reached 137 million, driven by continued improvement in consumer activity for its mobility offerings. Trips on its platform grew 22 per cent YoY and 7 per cent on-quarter, driven by both mobility and delivery growth.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: congresspitrodadelhimodideepikabjpwest-bengaldeepika-padukoneajay-devgnthakur
Open in App

Related Stories

NationalDelhi: Female Teacher Arrested In Connection With 3-Year-Old Girl Assault

NationalHarish Rana Case: SC Praises Family’s Organ Donation Decision After Granting Passive Euthanasia

NationalWho Is VD Satheesan? Congress Leader and Long-Time Paravur MLA To Be Next Kerala CM

NationalDelhi Crime: Driver And Conductor Arrested Over Alleged Gang Rape of Woman in Private Bus in Nangloi

EntertainmentDid You Know? Deepika Padukone Served as a Member of the Prestigious Competition Jury at the 75th Cannes Film Festival in 2022

International Realted Stories

InternationalUAE supported aggression against Tehran: Iran

InternationalPakistani forces kill civilian, disappear another in Balochistan

InternationalAU, UN leaders denounce external interference in Africa's security crisis

International"Not a Trump Wall": Ex-Diplomat says India must rethink Bangladesh border

InternationalThird round of Israel-Lebanon talks open in Washington