Ramp Raises $1.85 Billion at a $60 Billion Valuation
Ramp announced on October 15 that it had raised $1.85 billion, four months after a smaller round that valued the business at a fraction of what it is worth today.…
Waymo Puts Four More Cities Behind the Wheel
A rider in Denver opened the app on Wednesday morning and found a car waiting a block away, with no one behind the wheel. By the time the same day…
Uber Buys Its Way Into the Office Lunch
Uber’s food business has spent a decade chasing the single meal. A diner opens the app, orders a burrito, and a courier brings it. On Monday the company reached for…
Lyft to Pay $272.5 Million to Settle California Driver Case
For four years, Lyft treated the people who drove for its ride-hailing service as independent contractors rather than employees. On Wednesday, the company finally attached a number to that decision:…
Pentagon Hands Its Look at Future War to Three Outsiders
Defense Secretary Pete Hegseth stood before officers and enlisted troops at Marine Corps Base Quantico on Sept. 30 and said the department that runs the largest military on earth cannot…
Ken Griffin Gives $3 Billion to Carnegie Mellon, the Largest University Gift on Record
Ken Griffin, the founder and chief executive of the hedge fund Citadel, has given $3 billion to Carnegie Mellon University, the largest gift from an individual to an institution of…
Delivery Hero Keeps Its CEO to See the Uber Deal Through
Delivery Hero had a plan: co-founder Niklas Östberg would step down as chief executive in March 2027. That plan lasted until Uber showed up with an offer. On Sept. 24,…
Waymo Puts Its Robotaxis Within Reach of Teenagers
Nashville teenager Asher Huffman left a concert recently and did something that would have been unthinkable a generation ago: he opened an app and summoned a car with no driver…
Uber Ordered to Pay $40 Million in Arbitration Over Passenger’s Death
The sequence at the center of the case is stark. A driver left a passenger on a highway; soon after, the passenger was struck by another vehicle and died. On…
Zoox’s Nevada Fleet Cap Expires as Las Vegas Crowds
For the past year, a single number has defined Zoox’s presence in Nevada: one hundred. The permit the Amazon-owned company held limited its fleet to 100 vehicles, a ceiling that…
