Why Uber is Undervalued, Twilio CEO on its Dramatic Reacceleration in Business

Uber’s current valuation at 2.6 times forward revenue reflects investor skepticism regarding the long-term impact of autonomous vehicles on its ride-hailing business. However, the company’s "middleman" strategy—partnering with various autonomous vehicle manufacturers—offers a capital-light path to growth, while its rapidly expanding delivery segment remains significantly undervalued compared to peers like DoorDash. Meanwhile, Twilio has achieved a 22% revenue growth rate by focusing on operational rigor and enriching communication products with context-rich data, positioning itself as a neutral infrastructure provider for AI-driven customer interactions. Finally, data from Brex indicates that AI infrastructure companies, such as Together AI, are currently the fastest-growing startup sector. These firms enable businesses to leverage open-source models for routine tasks at a fraction of the cost of frontier labs, signaling a shift toward more sophisticated, cost-conscious AI deployment strategies.