UBER DIVESTS ENTIRE STAKE IN ROBOTICS FIRM SERVE

The divestiture signals a strategic realignment between the ride-hailing giant and the robotics firm, which were previously close partners. Details of the sale, including valuation and timing, remain undisclosed. Uber has been gradually stepping back from robotics ventures in recent years, shuttering its self-driving unit Advanced Technologies Group in 2020. The company sold its autonomous vehicle division to Aurora Innovation that same year. Serve, which developed delivery robots, will now operate independently without Uber's backing. The separation reflects broader industry trends as companies reassess their robotics investments amid slower-than-expected commercialization timelines. Uber continues to focus on its core ride-sharing and delivery services, while investing selectively in emerging technologies. The move allows Serve to chart its own path in an increasingly competitive robotics sector.