"With large and growing free cash flows, over the coming years we will invest with discipline across a multitude of opportunities, including positioning Uber to win in an AV future,"
"By the end of 2026, we expect to be facilitating AV trips in as many as 15 cities globally, with a roughly even split of U.S. and international cities. And by 2029, we intend to be the largest facilitator of AV trips in the world,"
"support our AV infrastructure partners."
Uber promoted Balaji Krishnamurthy to chief financial officer, replacing Prashanth Mahendra-Rajah. Krishnamurthy has worked at Uber for over six years, primarily in investor relations, and holds a board seat at autonomous vehicle company Waabi. Krishnamurthy indicated plans to invest capital in AV software partners, take equity stakes or enter offtake agreements with AV makers, and support AV infrastructure partners. CEO Dara Khosrowshahi projected autonomous vehicles as a multi-trillion-dollar opportunity and set targets to facilitate AV trips in up to 15 cities by the end of 2026 and become the largest facilitator by 2029. Uber reported Q4 revenue of $14.37 billion, up 20% year-over-year, driven by strong food delivery demand. Prashanth Mahendra-Rajah is leaving after three years.
Read at TechCrunch
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