Uber says AI allows the company to moderate the pace of hiring

Says travel is a natural category for the company to get into. Says complex macro backdrop was marked by weather disruptions, geopolitical tensions, and gas price volatility. Says launched hotel bookings. Says Uber (UBER) One surpassed 50M members globally, with 50% of mobility and delivery gross bookings now generated by members. Says hybrid autonomous vehicle network will unlock meaningful growth while amplifying the strengths of the Uber platform. Says AV mobility trips on Uber increased more than 10x year over year. Says actively exploring the potential of generative AI across its platform. Says 95% of engineers now use AI coding tools monthly, and more than 10% of code is now written autonomously by AI coding agents. Says this is now allowing the company to moderate the pace of hiring relative to plans entering the year. Comments taken from Q1 earnings conference call.