Uber caps employee AI spending after blowing through budget in four months

Uber has introduced a $1,500 monthly cap per employee on agentic coding tools — including Anthropic’s Claude Codeand Cursor — after the company exhausted its entire annual AI budget within four months of the year. Employees can track usage through an internal dashboard, with exceptions permitted on a case-by-case basis. The overspend followed an internal culture of encouraging staff […]

Uber's AI budget overspend highlights the need for sustainable investment strategies and may influence enterprise AI and crypto market dynamics. The post Uber questions AI spending effectiveness as budget runs dry four months into 2026 appeared first on Crypto Briefing.

Uber's AI budget overspend highlights the need for sustainable investment strategies and may influence enterprise AI and crypto market dynamics. The post Uber burned through its entire 2026 AI budget by April, now questions whether it was worth it appeared first on Crypto Briefing.

Uber president Andrew Macdonald (pictured) says its “hard to draw a line” between AI spending and deliverable features. | Photo: Zed Jameson/Bloomberg via Getty Images After reportedly exhausting its annual AI budget just four months into 2026, Uber is now questioning whether it's actually seeing meaningful returns on its investments. In an interview with Rapid Response, Uber president and chief operating officer Andrew Macdonald said the company isn't seeing a connection between rising token consumption for Claude Code and more useful features being delivered to consumers. "That link is not there yet, right? I think maybe implicitly there is more that is getting shipped, but it's very hard to draw a line between one of those stats and, 'Okay, now we're actually producing 25 percent more useful consumer f … Read the full story at The Verge.

Billionaire investor Bill Ackman is allocating billions of dollars to load up on Microsoft (MSFT), while selling Uber (UBER) and two hyperscaler names. The latest 13F filing of Ackman’s Pershing Square Capital shows that the fund poured $2.092 billion into buying 5,654,078 MSFT shares in Q1 of 2026. Pershing’s fresh position in Microsoft is the […] The post Billionaire Bill Ackman Pours $2,092,970,000 Into One Asset, Dumps Uber and Two Mag 7 Stocks appeared first on The Daily Hodl.

Uber's potential full acquisition of Delivery Hero could significantly alter global food delivery dynamics, impacting market competition and regulatory landscapes. The post Uber explores full takeover of Delivery Hero after stake increase to 19.5% appeared first on Crypto Briefing.

CertiK reported earlier this month that criminal wrench attack teams usually consist of three to five people and are often made up of amateurs, while the masterminds are outside the country.

Bitget Wallet has appointed former Uber executive Jack Zhai as Head of the Americas as the company pushes to expand its self-custodial wallet business across the region. According to a statement shared with crypto.news, Zhai will oversee regional partnerships, user…