Uber Plans Investment in Pony AI IPO

Uber Technologies plans to invest over $10 million in Pony AI's upcoming initial public offering (IPO), which has been postponed for regulatory inquiries. The IPO is set to increase its offering from 15 million to 20 million shares, potentially raising up to $260 million. Uber may explore utilizing Pony AI's autonomous driving technology in international projects outside the U.S. This investment aligns with Uber's broader strategy in the autonomous vehicle sector, having previously collaborated with companies like Waymo and WeRide. Pony AI, operational in both the U.S. and China, has significant testing experience, driving nearly 40 million kilometers. The IPO is a crucial step for Pony AI as it continues to grow amidst the competitive landscape of self-driving technology.