Here’s what we have for you today:
• Uber’s fortuneteller
• Bank disclosure
• Apple’s new initiative
Uber forecasting the future
To know: The ride-hailing company has filed for a patent on technology that would enable the app to predict riders’ habits.
More specifically: Uber wants to patent the ability to predict when users need a ride or meal delivered based on their sensor, app usage, and profile data.
The usage: The pre-request matching function from Uber has several iterations that could provide drivers with a user’s exact location or a general pickup area. The app would also factor the likelihood of a user or driver to cancel a request or not use the function based on driver amount.
Wall Street and banks on job cuts
End goal: In September 2022, Goldman Sachs removed those it perceives to be low performers with another round of cut during January 2023.
Another cut: Reportedly, Morgan Stanley plans to eliminate about 3,000 positions by the end of June 2023.
2023 halt: Recently, banks such as Citigroup and Bank of America have cut a few hundred jobs each.
Apple’s banking move
The flexibility: The savings account is available to Apple Card customers through its partner, Goldman Sachs, and offers a yield of 4.15% with no minimum deposits, no minimum balance requirements, and no fees.
Day one: About $400 million was deposited to Apple on the first day of launch.
The masses: Four days after the launch, Apple’s high-yield savings account attracted around $990 million in deposits.
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