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Top stories today:
1. Uber has 1st ever operating profit of $0.3B in Q2, on revenue of $9.2B
2. GPT-5 trademark filed by OpenAI, includes speech generation and analytics
3. Fitch downgrades U.S. debt from AAA to AA+, citing deficits, governance
4. Amazon Clinic rolls out nationwide
5. Trump indicted in connection to Jan. 6 on 4 counts
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Uber has 1st ever operating profit of $0.3B in Q2, on revenue of $9.2B (+14% YoY)
3% margin, small but something to celebrate:
Uber has been increasing its product offerings, positioning itself as an everything app
CEO Dara Khosrowshahi said he looks at what Elon is doing, but Uber leads as the West's super app
Markets still penalized Uber stock by 10%, likely due to the revenue miss and Lyft fears
Q2 revenue was $9.23B, vs. $9.34B expected.
“They [Lyft] are competitive in pricing now," a "tough competitor,” said CEO Dara Khosrowshahi.
2. GPT-5 trademark filed by OpenAI, includes speech generation and analytics
Potential new features hinted at by the trademark filing:
“Downloadable”
“Artificial production of human speech”
“Predictive analytics”
“Developing, running and analyzing algorithms that are able to learn to analyze, classify, and take actions in response to exposure to data” - Search Engine Journal, USPTO
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