Uber Technologies has created a new business unit called AV Labs, deploying sensor-equipped vehicles to collect real-world driving data for more than 20 self-driving partners including Waymo, Waabi, and Lucid Motors. Starting with a prototype Hyundai Ioniq 5 fitted with lidar, radar and cameras, the division plans to expand to a fleet of up to 100 vehicles across 600 global cities over the next year. Uber will preprocess and semantically tag the data before sharing it—free of charge for now—to help partners train reinforcement-learning models to handle rare and complex roadway scenarios more effectively.

In the third quarter, Bensler LLC increased its holding in Uber Technologies by 6.2%, adding 7,206 shares to reach a total position valued at about $12.11 million, representing 1.3% of the firm’s portfolio. Other institutional investors also raised exposure: Foster Group Inc. added 3.3% more shares to bring its stake to 3,364 shares; Sage Rhino Capital and Quent Capital both lifted positions by over 4%; and Emergent Wealth Advisors and Dumont & Blake each built modest additional stakes. Institutional ownership now accounts for more than 80% of Uber’s outstanding shares.

Ahead of the company’s next quarterly report, equity analysts have tempered expectations for Uber’s mobility and delivery segments. While revenue growth exceeded 20% year-over-year in the last quarter and adjusted profit margins continue to strengthen, concerns persist over slowing ride-hail demand and autonomous vehicle development risks. Several firms have maintained neutral or hold ratings, noting that without a near-term catalyst—such as significant AV data monetization or a rebound in urban ridership—the upside in share performance may be limited.

Uber and a peer delivery platform were denied an injunction by a Manhattan federal judge to block New York City’s new rule requiring apps to solicit customer tips at checkout with suggested minimum amounts. The judge found the companies did not demonstrate a clear likelihood of success on their free-speech claims. Regulators estimate that changes in app interface design by the platforms have already reduced tipping revenue by more than $550 million for delivery workers, a figure Uber disputes but expects the industry to adapt to once the regulation takes effect.