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Stock impact report

Uber targets 50,000 robotaxis in major Rivian, Nvidia deals [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
And within a month, it has successfully announced several high-profile partnerships, deepening its push into the emerging AV industry. The latest moves came this week, involving Uber's new deals with Rivian and Nvidia On Thursday, March 19, under a new agreement with EV maker Rivian, Uber plans to invest up to $1.25 billion and support the deployment of up to 50,000 AVs over time. The initial rollouts are expected to begin in key U.S. markets such as San Francisco and Miami in 2028. In its March 16 announcement, the company outlined plans to deploy Nvidia-powered Level 4 robotaxis on Uber's platform beginning in 2027, with expansion across 28 cities globally by 2028. The partnership adds to a growing list of AV collaborations that are also reshaping how investors view Uber's long-term growth strategy. Uber to invest $1.25 billion in Rivian In its March 19 announcement , Uber said it intends to invest up to $1.25 billion in the EV maker Rivian (stock up 3.5% midday) by 203 Show less Read more
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