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Stock impact report

Uber IPO: What About AI (Artificial Intelligence)? [Forbes]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Forbes
Uber IPO: What About AI (Artificial Intelligence)? Uber CEO Dara Khosrowshahi, third from left, attends the opening bell ceremony at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. (AP Photo/Richard Drew) ASSOCIATED PRESS Last year Morgan Stanley and Goldman Sachs indicated that the valuation of Uber was about $120 billion. But of course, the real market value can be much different. Yesterday Uber came public at about $76 billion, as the shares fell 7.6% on its debut. But hey, the company did raise a cool $8.1 billion, which will be essential because the losses have remained large (about $1 billion in the latest quarter). Uber also must deal with fierce competition – not just with Lyft but also other fast-charging startups in different countries like Brazil. Yet there is something else that the money will be useful for: the AI (artificial intelligence) effort. Keep in mind that this has been a priority for some time. According to t Show less Read more
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