Everyone is Uber-ing, and Microsoft spends a lot of $$$
Good morning everyone! We’re just glad today isn’t a Friday—we’re pretty sure everyone has had enough bad luck over the last year or so to last a lifetime.
Airbnb announced the launch of their “Summer of responsible travel” policy changes yesterday in a blog post that outlined their 8-point plan to curtail parties and other events that could endanger public health. Among these plans are increased scrutiny for one or two day bookings during the July 4th week (for guests without a history of positive reviews), which has been pegged by many (including President Biden) as the “reopening of the nation”, and optional noise detection devices for superhosts on their platform.
0:29- Uber everywhere
As the rate of vaccinations increases rapidly in the US (more than 50% of American adults are expected to have the first dose by the end of this week), people are slowly starting to return to normal lives. One company that has heavily felt that boost has been Uber, who reported its highest gross bookings last month since the onset of the pandemic over a year ago. In fact, both Uber and Lyft are still struggling to find drivers to meet this rapidly increasing demand, leading to both companies offering heavy incentives to both new and returning drivers.
Yesterday President Biden met virtually with a collection of 19 CEOs, top foreign and domestic policy advisors, and field experts to discuss the semiconductor shortage in the US that has led companies such as Apple, GM, and Tesla to change manufacturing plans. While no material changes have occurred from the meeting (yet), President Biden also used the meeting to push his proposed infrastructure bill, stating that “These chips, these wafers — batteries, broadband — it’s all infrastructure.”
According to sources close to both companies, Microsoft has agreed in principle to purchase AI audio company, Nuance, for $16Bn—a 23% premium over the company’s closing price on Friday. This deal, which is Microsoft’s second largest since 2016, will help to provide live transcriptions in Microsoft software like Teams and Azure cloud service.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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