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A majority of the struggling ride-sharing company’s shareholders have agreed to sell their stock to one of China’s leading online travel agents image credit: Bamboo Works Key Takeaways: Nearly 52% of
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The robotaxi operator has even achieved single-vehicle profitability in Guangzhou and Shenzhen, but high R&D and depreciation costs are undermining its high valuation image credit: Bamboo Works Key
Read original at benzingaWalmart, Amazon and PayPal feature among major retail and financial services developments spanning earnings, investments, drone delivery and potential acquisition talks.
Read original at benzingaRiders in Zagreb become the first in Europe to book an AV through Uber, powered by Pony.ai and operated by Verne.Uber Technologies, Inc. (NYSE:UBER), Verne and Pony AI Inc. ("Pony.ai") (NASDAQ:PONY, HKEX:
Read original at benzingaAnalysts changed outlook on top names. Piper Sandler raises Mercury Systems' target price, Ascendiant Capital boosts Alzamend Neuro's target price, BTIG raises Henry Schein's target price, Cantor Fitzgerald increases Palo Alto's target price, Morgan Stanley cuts Baidu's target price, Cantor Fitzgerald slashes Crowdstrike Holdings' target price, Baird raises Donaldson Company's target price, B of A Securities cuts Pony AI's target price.
Read original at benzingaThe robotaxi leader’s latest financial report shows its losses remained stubbornly high in the first half of this year, despite a substantial revenue increase image credit: Bamboo Works Key
Read original at benzingaAI spending continues reshaping technology as Nvidia, AMD, Cisco, Intel and semiconductor companies announce new investments, partnerships and infrastructure initiatives.
Read original at benzinga