Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley

Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley


Key Points
  • In the latest step towards building a revenue-generating robotaxi business, Chinese startup Pony.ai said it has obtained the first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.
  • The permit allows Pony.ai to charge fares for rides — without any human staff inside — from the Shenzhen international airport and Shenzhen Bay Port to key parts of the district of Nanshan, home to tech giants Tencent and DJI.
  • While Pony.ai did not disclose how many robotaxis it could operate in the region, the company said the driverless cars could run daily from 7:30 a.m. to 10 p.m. local time.



Source

Trump finally makes his Fed chair pick — what Kevin Warsh means for investors
Finance

Trump finally makes his Fed chair pick — what Kevin Warsh means for investors

Financial markets took President Donald Trump ‘s pick of Kevin Warsh as the next Federal Reserve chair largely in stride, a sign investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates. Treasury yields were little changed on Friday immediately following the announcement, a […]

Read More
Everything you need to know about Kevin Warsh, Trump’s pick to lead the Federal Reserve
Finance

Everything you need to know about Kevin Warsh, Trump’s pick to lead the Federal Reserve

Key Points Kevin Warsh, President Donald Trump’s pick as the next Fed chair, is a central bank veteran, serving during the critical period of 2006 to 2011 that led up to and ultimately through the global financial crisis and the central bank’s efforts to stabilize the economy. Trump cited Warsh’s extensive background in announcing his […]

Read More
Stocks making the biggest moves premarket: Apple, Chevron, KLA, Sandisk & more
Finance

Stocks making the biggest moves premarket: Apple, Chevron, KLA, Sandisk & more

Check out the companies making the biggest moves premarket: Apple — Shares fell 0.6% even after after the company posted blowout fiscal first-quarter results , with notably strong revenue from its iPhone 17 models released in September. Apple earned $2.84 per share for the quarter, higher than the $2.67 per share expected by analysts surveyed […]

Read More