Rina Sherbel

Good afternoon.

Today is Wednesday, February 25th, and I'm your host, Rina Sherbel, filling in for Kim Kahn.

Our top story today, autonomous driving startup Wave has raised $1.2 billion in a Series D round.

The round included participation from Microsoft, Nvidia, and Uber, along with automakers Mercedes-Benz and Nissan.

Uber said it will invest additional milestone-based capital

to help scale wave-powered robotaxi deployments globally within a broader $1.5 billion package aimed at supporting commercial rollout.

It says it plans to launch commercial robotaxi trials in 2026 and deploy supervised autonomy software in consumer vehicles starting in 2027.

CEO Alex Kendall said, we are building for a total addressable market that spans every vehicle that moves.

Adding the investment accelerates the path to commercial deployment and helps build an autonomy layer that will power any vehicle everywhere.

And in the same mobility theme, Uber is now pushing deeper into that same space with Uber Air powered by Joby, letting riders book Joby Aviation all electric air taxi rides directly through the Uber app.

Joby says it expects to carry its first passengers later this year in Dubai as the two companies work toward multimodal transportation in major cities.

The idea is simple.

Open the Uber app, enter your destination, and if the route qualifies, Uber Air powered by Joby shows up as an option, letting riders book the legs of the trip, including an Uber Black pickup and drop-off in one flow.

among active stocks hp is lower after issuing mixed guidance with analysts pointing to memory related headwinds morgan stanley said the stock looks cheap at under seven times price to earnings but still sees more than 14 downside to hp's fiscal year 26 eps guide lowe's is also under pressure as its latest quarter was overshadowed by conservative full-year guidance underscoring ongoing challenges in the diy segment and echoing a similar tone from home depot

and Axon Enterprise is the S&P 500's top gainer after the Taser and body camera maker beat expectations and guided to between 27% and 30% revenue growth in 2026.

In other news of note, a majority of US teens say they use AI chatbots, but about 26% think AI will have a negative impact on society over the next 20 years.

This is according to a Pew Research Center survey.

Teens are turning to tools like OpenAI's ChatGPT, Microsoft's Copilot, and Character.ai for a wide range of tasks.

More than half said they've used chatbots to search for information at 57%, 54% gets help with schoolwork, and about 47% said they use chatbots mainly for fun or entertainment.

About 4 in 10 said they use chatbots to summarize articles, books, or videos, or to create or edit images and video.