Grab, OpenAI team up to build and deploy advanced AI solutions

Grab, a leading superapp in Southeast Asia, and OpenAI, an American artificial intelligence research organization, have on Thursday announced they will collaborate to build and deploy advanced artificial intelligence (AI) solutions that enrich the Grab experience for users, partners, and employees.

Grab reports higher revenue, lower operating loss in first quarter

Singapore-based superapp Grab has reported higher revenue and lower operating loss in the first quarter amid improvement of all segments.

Singapore’s Tada launches ride-hailing services in Thailand to take on Grab – report

Tada is one of five ride-hailing platforms licensed by the Singapore Land Transport Authority over the past five years. It secured a ride-hailing licence from Thailand's Department of Land Transportation earlier this year.

Grab reports first quarterly profit; to buy back shares

Southeast Asia superapp Grab Holdings Limited has posted a profit of $11 million in the fourth quarter ended December 31, 2023, compared to a net loss of $391 million in the prior year period. The achievement was primarily due to the improvement in group adjusted EBITDA, fair value changes in investments, and lowered share-based compensation expenses.

Philippine government, Grab working to legalize motor taxis – report

GrabCar operates in 25 cities while GrabFood provides services to more than 100 cities nationwide, according to the report.

GoTo denies merger talks with Grab – report

The news came after Bloomberg reported last week that the companies had restarted discussions for a merger.

Foodpanda’s parent Delivery Hero denies sale talks have collapsed – report

“There are market rumours that the negotiations for the potential sale have collapsed,” Deliver Hero said in a statement, according to the report. “We confirm that the negotiations for the potential sale are ongoing.”

Grab, GrabFood

Grab Malaysia claims it sees delivery-partners benefitting from new earning structure during peak-demand periods amid riders’ protest

Their main demand is for Grab to reinstate the previous base fare of MYR5 ($1.06) for deliveries within the Klang Valley, which was reduced to MYR4 ($0.85) earlier this week, the report added.

Grab, GrabFood

Grab Malaysia defends revamped delivery fee framework amid riders’ protest call

Grab Malaysia said that to strike a balance between all its stakeholders, the company constantly seek to review its policies to provide a fairer, more stable earnings to those who need it the most.

[Year in review] Southeast Asia’s Top 10 tech news in 2023

As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.