Uber (UBER) Acquires Segments.ai to Boost AI and Autonomous Capabilities

Uber Technologies, Inc. (NYSE:UBER) is one of the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates. On October 2, Uber Technologies, Inc. (NYSE:UBER) acquired Segments.ai – a Belgian startup – to strengthen its data-labeling unit and advance its AI and autonomous vehicle capabilities. Segments.ai is a Y Combinator-backed startup that specializes in multi-sensor data labeling, including for cameras, lidar, and radar. These services are essential for training AI models, autonomous vehicles, and robotics.​

The founders, Otto Debals and Bert De Brabandere, along with all staff, will join Uber’s Uber AI Solutions division. This acquisition means that Uber is doubling down on lidar and multi-sensor data annotation capabilities. As a result, this will expand Uber’s ability to develop and offer advanced AI labeling solutions to global clients. It will also support internal needs for autonomy, mapping, and safety.​

Uber has worked on large-scale data annotation for nearly a decade. During this time, it produced billions of labeled data points for autonomy and safety technologies. Acquiring Segments.ai accelerates this progress and boosts the quality and automation of labeled datasets.

Uber Technologies, Inc. (NYSE:UBER) is a global mobility and delivery company. It operates through three main segments: Mobility, Delivery, and Freight. The company has expanded its ecosystem with subscription services like Uber One and investments in autonomous and electric vehicle initiatives.

While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Michael Burry Stock Portfolio: 6 Stocks to Buy and 11 Most Undervalued Financial Stocks to Buy According to Wall Street Analysts.

Disclosure: None. This article is originally published at Insider Monkey.