DoorDash Launches New AI Service to Take Clients’ Orders
A DoorDash spokesperson has revealed that the company will continue to seek ways to perfect the AI service.
Uber Eats Is Developing AI-Powered Chatbot to Speed Up Food Orders
Uber Eats is seeking to stay ahead of some of its direct competitors, such as DoorDash and Instacart, by using AI to improve food delivery.
SoftBank Group May See Profit after Vision Fund Lost $48B
By
Tolu Ajiboye
Analysts expect that the Vision Fund investment arm of SoftBank Group turned a profit and might announce as much in its upcoming report.
DoorDash Joins AI Frenzy with Creation of AI-driven Chatbot
DoorDash’s deployment of an AI-based chatbot is just one of the recent additions and service offerings the company has introduced to enhance its food delivery platform.
Food Delivery Platform Grubhub Lays Off 15% of Its Corporate Workforce
Grubhub said that it would offer employees a severance package for 16 weeks but refused to comment on the specific positions removed.
SoftBank Vision Fund Records $32B Loss in Its Fiscal 2022 Year amid Weakening Economy
By
Tolu Ajiboye
Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.
DoorDash Overthrows Expectations in Q4 2022, Announces Changes to Leadership Team
DoorDash recorded a loss per share of $1.65, which is higher than the earlier prediction of 68 cents
DoorDash to Lay Off 1,250 Employees in Cost Cutting Measures
DoorDash CEO acknowledged that they were not rigorous in managing team growth. The company has also announced severance benefits to all the departing employees.
DASH Stock Rockets as DoorDash Beats Wall Street’s Q2 2022 Expectations
By
Darya Rudz
Despite challenging macroeconomic conditions and a high level of inflation, DoorDash has not seen changes in its consumer engagement and loyalty. This resulted in great revenue.
Q1 2022 Earnings Show that DoorDash Is Pulling in Profits despite Pandemic Ease
DoorDash saw more new customers in the last quarter than in any other quarter in 2021.
2021 Hottest Tech IPOs Witness Bad Day with Declines in Stocks
Some of the tech firms’ stocks that emerged as giants in their initial public offerings (IPOs) saw a dive as the week started on the 22nd of November.
NYSE Announces First Trade NFTs to Memorialize Listing of Six Companies
The new NYSE NFTs are available for sale on Crypto.com and represent the first trade of different public listed companies on the exchange.
Ramp Secures $115 Million in Funding Round Led by Stripe, Ramp’s Valuation at $1.6 Billion
According to Ramp, the raised funds will go into more hiring and bolster its marketing efforts.
Stripe Becomes Most Valuable Startup in US, $600M Funding Pushes Its Valuation to $95B
Stripe plans to use the funds to expand its European headquarters business and its general businesses in Europe as well.
Tech Stocks Under Pressure Due to Rising Yields
According to a technology strategist at investment bank Baird, Ted Mortonson, the new tech dynamic is FOGK (fear of getting killed).