House introduces bipartisan bill on AI in banking and housing
The bill would require a report on how these industries use AI to valuate homes and underwrite loans
Read more...It's no secret that Uber sees Asia as one of its biggest market opportunities. I mean, the company has been on tear across the continent in the last year.
There is one country in particular, though, that Uber seems especially keen on: India. In fact, the company has just launched in four more cities in the country, it was announced on Monday.
This is a big deal because, now that it is launching in Ahmedabad, Chandigarh, Jaipur and Kolkata, Uber will be active in 10 cities across India. That makes the country Uber's largest market outside of its home country.
As Uber points out, the entire Indian rollout has occured in less than a year. It was on August 29th that Uber made its first stop in the country when it launched in Bangalore. It then expanded to New Dehli, Hyderabad, Chennai, Mumbai, and Pune.
"Our riders and partners have welcomed Uber with open arms, and we have only grown from strength to strength since," Uber said. "Uber India started off as an idea that faced innumerable obstacles in the sub-continent, and is today a shining example of what a talented group of individuals can accomplish."
This was the first time that Uber has ever launched in four separate cities at one time.
As it always does, Uber celebrated the launch with local celebrities. This time it was: Konkona Sen, an actor; Shaan, a playback singer; Anupam Kher, an actor and producer; Punjab da Puttar Gaurav Kapur a TV anchor; and Purab Kohli, another TV anchor.
And, again, as they always do, Uber is allowing new users to use a code to get three free rides worth Rs. 200 each, valid until the end of September.
Of course, Uber will have some local competition for domination of the Indian marketplace. There is Olacabs, an aggregator of car rentals and point-to-point cab services. The company has raised nearly $67 million in funding, including over $40 million last month. There is also Zify, a ride sharing service that launched earlier this year, and European ride-sharing service BlaBlaCar which is also looking to enter the market.
Uber has been making serious headway into Asia beyond India. Last year it expanded to Singapore, South Korea, Taipai, Dubai, and Shanghai. In April of this year came the big one: the company began rolling out its services in Beijing. Earlier this month Uber began testing out a new non-profit service in Beijing as well.
(Image source: uber.com)
The bill would require a report on how these industries use AI to valuate homes and underwrite loans
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Read more...Startup/Business
Joined Vator on
Uber is a ridesharing service headquartered in San Francisco, United States, which operates in multiple international cities. The company uses a smartphone application to arrange rides between riders and drivers.
Startup/Business
Joined Vator on
BlaBlaCar connects people who need to travel long distances to motorists who have empty seats, so they can share the costs of a journey.
The innovative website and app allow drivers to publish a planned journey. Just like other travel sites, passengers can then search for and book their ride. BlaBlaCar provides a range of features to create a secure, trust-based community, thanks to a 24/7 member relations team, verified contact details and ratings.
The community is growing fast thanks to very strong word of mouth and highly favourable exogenous factors like rising fuel costs and expensive train fares. BlaBlaCar now has over 7M members.
With over a million people travelling together every month in the community, BlaBlaCar has created a scalable, sustainable, mainstream and money-saving intercity transport alternative for the whole European continent, stretching from the UK to Russia.