Uber Reports 29% Growth YOY; Google and LinkedIn Co-Founders Launch Pi Chatbot

by Hannah Dillon on 3rd May 2023 in News

In today's ExchangeWire news digest: Uber Technologies reports a 29% rise in revenue for Q1 2023; Google and LinkedIn co-founders launch a new AI chatbot, Pi; and Bluesky emerges as a viable rival to Twitter.

Uber reports boosted revenue for Q1 2023

Uber has reported revenue of USD$8.82bn (~£7bn) for Q1 2023, a 29% rise from the same period last year. The San Francisco-based company attributed the boost to continued demand for its ride-hailing and food delivery services. The company also increased its consumer-base, trips, and the value of transactions on its platform.

Inflection AI launches Pi chatbot

LinkedIn co-founder Reid Hoffman and Google DeepMind co-founder Mustafa Suleyman have launched a new AI chatbot, adding to the inundation of generative AI products entering the market. Pi, which was launched under Hoffman and Suleyman’s start-up Inflection AI, uses generative AI to converse with users. According to Suleyman, the bot has been developed to balance humour and creativity with political correctness.

Twitter rival Bluesky see users soar

Decentralised social media site Bluesky announced its biggest single-day jump in users on Thursday (27th April), signalling the platform’s growing popularity as a Twitter rival. Backed by Twitter co-founder Jack Dorsey, Bluesky offers an alternative for users unhappy with Musk’s leadership.