The global CEO of Uber, Dara Khosrowshahi, highlighted the Government's economic direction, confirmed the million-dollar outlay and positioned the country as one of the five key markets worldwide.
The evolution of the business supports that enthusiasm. Currently, Uber is registering growth of close to 50% year-on-year in Argentina and reaches a coverage of 90% of the territory, with the objective of reaching 100% in the coming years
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Globally, the company is planning profound transformations by 2035, including the advancement of autonomous vehicles and drone deliveries — technology in which it is already investing through the Israeli firm Flytrex — although Khosrowshahi clarified that today these developments represent less than 0.1% of the industry's travel growth.
In a context of structural transformation of the Argentine economy, marked by pro-market reforms and a decisive opening to the world, the arrival of foreign investment is beginning to consolidate as one of the main indicators of the new direction. In this scenario, Uber's decision to invest $500 million in the country appears as a strong sign of the impact that Javier Milei's government policies are generating at the international level. The announcement was made by Dara Khosrowshahi, the company's global CEO, who also did not hesitate to express her support for the local economic direction: “I think that the changes being promoted by the Milei government are spectacular,” he said, highlighting the reform process that, although “not without risk”, aim to open up the Argentine economy to the world,
a key condition for attracting capital.
From a global perspective, Argentina ceased to be a peripheral market to become a strategic player. Khosrowshahi stressed that the country is now one of the five most important mobility markets in the world for the company, ranking in the top 5 in terms of number of trips and top 10 in spending in dollars, despite only ranking 32nd or 33rd in world population. “She performs above her weight... she is a true champion,” she compared, referring to the
Argentine national team. The president, Javier Milei.
The magnitude of Uber's impact on the local economy is also significant: more than one million people generated income through the platform and more than 20 million Argentines use the service, consolidating it as a central player in the
mobility and flexible employment ecosystem.
The landing of new investments includes the relaunch of Uber Eats, with the objective of replicating the leadership that the company already has in mobility. “Just as we are the number one player in mobility... our goal is also to be the number one in delivery,” said the executive, who is committed to turning the platform into a daily service that simplifies the lives of users
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Far from being an isolated decision, the bet responds to a change in the business climate. “Today we are seeing... particularly with labor reform, that an environment is created in which we can invest more aggressively,” Khosrowshahi explained. In this regard, he valued the reduction of regulations and greater predictability as factors that allow global companies to “double or triple their success
in Argentina.” Dara Khosrowshahi, Uber's global CEO
The CEO also highlighted concrete operational improvements that strengthen the company's ecosystem: the incorporation of taxis, which already represent almost a third of trips in Buenos Aires, agreements with airlines and airports, and an increasingly integrated service. All this, framed in an optimistic vision: “It's a country that has a lot of success ahead of it and we want to be part of that success
In parallel, artificial intelligence emerges as a central axis of the business. “Uber was built on an AI-driven foundation for years,” he explained, detailing that algorithms determine prices, driver assignments and recommendations. With the new advances, he anticipates a leap in productivity: employees “four, five or ten times more efficient” and developers turned into “super developers
”.
The impact also extends to the workplace: currently, more than 9 million people generate income on the platform globally, a figure that, according to the CEO, will continue to grow. New opportunities are even opening up, such as the possibility for drivers to participate in the training of AI models
. Dara Khosrowshahi, Uber's global CEO
During his visit to the country, Khosrowshahi held meetings with the Minister of Economy, Luis Caputo, and with local drivers, whose stories reflect the social impact of the model. He recounted, for example, the case of a driver who started driving to pay for her daughter's 15-year trip to Disney: “She saved money and was able to drive it last year
.”
The executive also valued Argentinian talent and growing international interest: “There was an 'Argentine Week' in the United States and it was incredible. The level of interest in the country... is impressive.” Along these lines, he reaffirmed the company's intention to be an active part of economic transformation
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The visit included meetings with local entrepreneurs, such as Diego Fenoglio, whom he recommended expanding into the United States, and cultural experiences such as his visit to Don Julio, where he praised the roast: “The steak eye was excellent. Incredible.” Finally, Khosrowshahi left a message for entrepreneurs: harnessing the potential of artificial intelligence. “Today, a single person can have the power of twenty people from ten years ago,” he said, suggesting tools such as ChatGPT or Claude as a starting point
