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New CFO Balaji Krishnamurthy has been with Uber for more than six years and is currently vice president of strategic finance and investor relations. Uber has agreed to purchase fleets of robotaxis.

Uber's quarterly results will likely take a back seat to the mounting threat posed by the growing self-driving fleets from prominent rivals like Alphabet's Waymo and Elon Musk's Tesla.

Parent company Alphabet would provide about $13 billion to the robotaxi firm, while the rest would come from others, including new investor Sequoia Capital, Bloomberg reports.

The ChatGPT maker has held discussions with Amazon, Nvidia and SoftBank Group for a new funding round, according to a person familiar with the matter. Details still could change.

“Together, Mercedes-Benz, Nvidia and Uber will build a global platform that makes autonomous driving available to everyone,” Nvidia CEO Jensen Huang said.

The company reported Jan. 28 that net income last year dropped 46% to $3.8 billion despite the introduction of cheaper models and CEO Elon Musk's promise to remain laser-focused on the company.

Waabi also received an additional $250 million from Uber to launch at least 25,000 robotaxis equipped with its software exclusively on the ride-hailing platform.

Autonomous startup Gatik signed a deal with a major consumer goods company that will double its contracted revenue to $600 million, helping to build out its business in the U.S. and Canada.

Aumovio will cut up to 4,000 jobs in research and development worldwide as the German auto supplier moves to rein in costs amid a “challenging” market environment and intensifying competition.