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Finance & Markets

Uber reports Q2 revenue up 12% YoY to $14.2B, below $14.24B est., Gross Bookings up 24% to $58B, above $57B est., and forecasts Q3 adjusted EPS below est. (Lora Kolodny/CNBC)

Uber issued a forecast for bookings and earnings that trailed analysts' estimates, while second-quarter profit was in line with expectations.

  • Uber's Q2 revenue up 12% YoY to $14.2B, below $14.24B estimate
  • Gross Bookings up 24% to $58B, above $57B estimate
  • CEO Dara Khosrowshahi credits World Cup for Q2 success

World

Trump Slams Exxon and Chevron Iran War Windfalls. Can He Do Anything?

Trump criticized the U.S. oil majors for earning "too much money" thanks to supply disruptions caused by the Iran war.

  • President Trump criticizes ExxonMobil and Chevron for high profits during Iran war.
  • ExxonMobil reported $14.5 billion profit, Chevron $12.1 billion in Q2.
  • DOJ and FTC investigating potential price-fixing and allocation practices.
Stop Prompting AI. Start Directing It

AI

Stop Prompting AI. Start Directing It

James Yang/theispot.com The Research The authors drew on two streams of research for this article. The first was a qualitative study of AI-assisted discovery that identified four pathways by which AI generates surprising insights during analytical work.i The second stream was an examination of how organizations function as algorithmic…

Your AI Strategy May Be Destroying Your Exit Value

AI

Your AI Strategy May Be Destroying Your Exit Value

While integrating AI into a startup's product strategy is often viewed as a way to enhance valuation, it can inadvertently reduce exit value, argues tech strategic adviser Itay Sagie. In this guest commentary he shares three ways your AI strategy can provide a positive impact on valuation when it becomes time for an exit.

Why is Anthropic destroying books? | Kathryn James

AI

Why is Anthropic destroying books? | Kathryn James

The AI company apparently found destructively scanning ‘all the books in the world’ easier than dealing with copyright in its quest for training data Should we destroy all the books in the world? An answer to this question can be found in the court documents of Bartz v Anthropic PBC.

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