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Pony AI, Nasdaq

China's robotaxi firm Pony AI valued at $5.25 billion as shares jump in strong Nasdaq debut

(Reuters) -Shares of Pony AI rose about 15% in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.

TechCrunch on MSN · 23h

Pony AI’s valuation hits $5.25B after Nasdaq debut

Barron's on MSN · 1d

Pony AI to Make Trading Debut After Stock IPO Priced at $13

Shares of Pony AI, a Chinese autonomous-driving company, were set to make their U.S. trading debut Wednesday after the pricing of its initial public offering. The company, which manufactures sensors and software for self-driving vehicles,

Reuters · 1d

Pony AI fetches $5.25 bln valuation as shares jump 15% in Nasdaq debut

Shares of Pony AI opened about 15% above their offer price in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.

TikTok owner ByteDance sues intern for $1.1 mn in damages

Reuters · 13h

ByteDance seeks $1.1 mln damages from intern in AI breach case, report says

China's ByteDance is suing a former intern for $1.1 million, alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention within China amid a heated AI race.

Live Mint on MSN · 10h

TikTok owner ByteDance sues intern for $1.1 mn in damages over AI breach; all about the headline-grabbing case in China

TikTok's parent company ByteDance reportedly filed a lawsuit at a court in Beijing against a former intern on charges of serious disciplinary violations.

scmp.com · 12h

ByteDance seeks US$1.1 million in damages from ex-intern who sabotaged AI project

Social-media giant ByteDance mentioned the lawsuit in an internal disciplinary notice, which identified the intern by his surname.

Pony AI, China

Hosted on MSN · 1d

China's robotaxi startup Pony AI raises $260 million in US IPO

(Reuters) -Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the China-based robotaxi company at around $4.55 billion. It sold 20 million American depositary shares in the offering priced to investors at $13 each,

Bloomberg L.P. · 1d

Chinese Driverless-Tech Firm Pony AI Said to Raise $260 Million in US IPO

Pony AI Inc. raised $260 million after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signaling strong investor interest for autonomous-driving technology and Chinese listings in New York.

Bloomberg on MSN · 17h

China's Self-Driving Firm Pony AI Looks Outside US to Avoid Tensions

Pony AI Inc. CEO James Peng discusses the Chinese autonomous driving startup's strategy amid the the geopolitical spat between the world's two-largest economies. Pony's American depositary shares erased an early pop to decline 7.

Chip-supplier stocks jump as the US weighs up fresh China sanctions

The Biden administration's proposed China curbs have boosted overseas chip stocks, with firms such as ASML and Tokyo Electron ...

China warns of 'necessary actions' if US escalates chip curbs

Last week, the U.S. Chamber of Commerce informed members in an email that the Biden administration was considering adding as ...

techtimes1d

Apple's Generative AI Plans in China Face Approval Issue—'Partner Locally or Brace for Delays'

Apple's AI plans hit a wall as Chinese regulators push for partnerships with local companies, warning foreign launches will ...

8don MSN

Trump sees China as the biggest AI threat. He has bipartisan support to win the race for powerful human-like AI.

A bipartisan commission recommends a "Manhattan Project" for AI to outpace China in AGI. It aligns with Trump's vision for US ...

Yahoo News5d

Huawei AI chips to power China’s next-gen surgery tech for medical breakthroughs

Additionally, it is also at the heart of the China-US AI chip race, with Beijing turning to Huawei to spearhead the ...

AI Musk as Ming official, China singer Zhang Mi’s cancer battle: 5 trending stories

From AI Elon Musk as a Ming official to a Dutch-adopted man revisiting his Chinese family, here are five stories from recent ...

7don MSN

US ahead in AI innovation, easily surpassing China in Stanford’s new ranking

The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important ...

11h

Apple Intelligence in China: A long road to iPhone AI

It will probably be a while before Apple Intelligence lands in the People's Republic. Apple could probably shorten the path, ...

6don MSNOpinion

For U.S. to beat China in AI race, Republicans must lead. First step: More energy | Opinion

We’ll need a lot more power, and fast, if we’re going to harness the potential of artificial intelligence. | Opinino ...

McCarthy launches policy group to counter China in tech, AI

Former Bakersfield Congressional representative Kevin McCarthy has launched a new group to advocate for policies aimed at enhancing U.S. technological and artificial intelligence capabilities, ...

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Pony AI, Nasdaq

TikTok owner ByteDance sues intern for $1.1 mn in damages

Pony AI, China

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