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News Wire / economy

Uber Invests Heavily In AI And VR

NBC News Radio San Francisco 11d Impact 5
Uber's first quarter financial numbers show investment in artificial intelligence. The company's Reality Labs division has lost approximately $80 billion since 2020. Uber is currently investing heavily in virtual reality despite these losses.

Topics

Uber AI Virtual Reality

Developing

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Sources · 7 independent

NBC News Radio

“The first quarter's numbers show the company investing heavily in A.I. so it bleeds money on virtual reality. Reality Labs has lost about $80 billion since 2020.”

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