CANADA - 2026/06/23: In this photo illustration, the Grab logo is seen displayed on a smartphone screen. "AI is now embedded in the Grab way of life, whether it's in our products or the way we work," Grab CFO Peter Oey told CNBC's "Squawk Box Asia," adding that the technology has helped the company ship products more than 30% faster translating into better margins and a more efficient cost structure. The company saw a 28% year-on-year jump in the number of rides in the second quarter, Oey said. Grab lifted its full-year revenue outlook to $4.10 billion-$4.15 billion from $4.04 billion to $4.10 billion forecast earlier, and raised it's EBITDA estimates to $720 million-$740 million, from $700 million-$720 million. Correction: This story has been updated to revise the jump in shipping products to 30%, after a company spokesperson clarified the CFO's remarks.