Market Chatter: Uber May Invest $10 Million in Pony AI, Use Self-Driving Technology

MT Newswires Live11-21

Uber Technologies (UBER) seeks to invest more than $10 million in Pony AI's (PONY) estimated $260 million initial public offering, Bloomberg reported Thursday, citing people familiar with the matter.

Bloomberg reported that Uber may also consider using China-based Pony AI autonomous driving technology outside of the US.

Discussions are ongoing and the scale of the investment remains uncertain, the report said

The report said that pony AI plans to price the offering next week after upsizing it.

Uber and Pony AI did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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