Baidu claims its robotaxis have grabbed 10% of the journey-hailing market place in a suburb of Beijing

Baidu claims its robotaxis have grabbed 10% of the journey-hailing market place in a suburb of Beijing


Crucial Points
  • Chinese tech giant Baidu stated its robotaxis have grabbed about 10% of the trip-hailing market in a suburb of Beijing town.
  • Baidu began presenting no cost robotaxi rides in the suburban area in October 2020, and obtained acceptance to gather fares in November 2021.
  • Having said that, CNBC checks of the Baidu robotaxi application have showed rides remain seriously subsidized, even as of Wednesday.



Supply

Too early to bet against AI trade, State Street suggests 
Finance

Too early to bet against AI trade, State Street suggests 

ETF Edge Too early to bet against AI trade, State Street suggests  Published Sat, Nov 8 202511:00 AM EST Blair Bao WATCH LIVE Source

Read More
Fed’s Miran says stablecoin surge could help push interest rates lower
Finance

Fed’s Miran says stablecoin surge could help push interest rates lower

Key Points Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower. “Stablecoins may become a multitrillion-dollar elephant in the room for central bankers,” Miran said during a speech in New York. Source

Read More
Stocks making the biggest moves midday: Block, Archer Aviation, Akamai, Globus Medical and more
Finance

Stocks making the biggest moves midday: Block, Archer Aviation, Akamai, Globus Medical and more

Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came IN below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32% […]

Read More