Wednesday, 17 October, 2018

Takeaways from Dara Khosrowshahi's Interview at the Code Technology Conference

Uber CEO Dara Khosrowshahi proposed decreasing the size of the deal to US$2 billion CHARLES PLATIAU AP Uber CEO Dara Khosrowshahi proposed decreasing the size of the deal to US$2 billion
Elsie Buchanan | 02 June, 2018, 18:53

Having rolled out an insurance feature previous year, Uber is focusing more on recruiting more drivers by economically building partnership benefits to compete with regular jobs.

Under the proposed agreement Berkshire Hathaway would have reportedly offered Uber a convertible loan, which Bloomberg says, "would have protected Buffett's investment", while also "providing significant upside if Uber continued to grow in value". "So let me get to know them, and I've gotten to know them and let me use them to help me to build a company that is successful but also is successful in the right way and if I focus on that, the rest will take care of itself", he added.

Khosrowshahi said he envisions Uber becoming the 'Amazon for transportation, ' serving as a platform for multiple transportation modes, like buses and bikes.

Khosrowshahi said he still has some issues to address before Uber goes public, including more work on rebuilding Uber's brand, hiring a chief financial officer and building out the rest of his management team. "Maybe we can be a different kind of an investment, a portfolio diversification play for him", he said. It's a central pillar of the ride-hailing company's business model.

When asked about his thoughts on whether Uber is going to remain in the autonomous vehicle space, Dara said he sees the company as neutral and open to licensing its own technology to partners, while inviting other companies in the space to join the fleet.

Newfoundland and Labrador spelling bee champ Mattie Cull eliminated before finals
Other words that the spellers had to tackle included "soubresaut", "praxitelean", "ispaghul", and "loratadine". Abhijay Kodali, 11, of Flower Mound, Texas, tied for third, lasting until Round 16.


"Whether it's taking a auto, whether it's taking a pooled vehicle, whether it's taking a bike, whether you should walk or even now we want to build out the capability for you to take a bus or subway", he said. Describing Waymo as "incredible technology providers", Khosrowshahi said Uber was discussing the potential addition of Waymo self-driving cars to its network. The company revealed a "flying car" concept aircraft at its second annual Uber Elevate Summit earlier this month.

The flying cars would take off and land vertically from skyports, air stations on rooftops or the ground.

The emergency button is part of a new "safety center" menu created to help passengers if something goes wrong during their trip.

At Code, he said Uber would go public in 2019, "but first I need a CFO", he noted, in reference to a position at Uber that has been open since 2015.

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