9 Latest AI News Updates Investors Should Not Miss

3. Pony AI Inc. (NASDAQ:PONY)

Number of Hedge Fund Followers: 20

Pony AI Inc. (NASDAQ:PONY) leverages its full-stack, vehicle-agnostic Virtual Driver technology combined with its proprietary software and hardware offerings to sustainably drive large-scale commercialization of autonomous mobility for diverse transportation use cases.

On February 21st, Pony AI Inc. (NASDAQ:PONY) announced that it became the first company to launch paid robotaxi services between China’s high-demand routes: the Guangzhou city center, Guangzhou Baiyun International Airport, and the Guangzhou South Railway Station. The development is expected to benefit residents and tourists with efficient autonomous travel options and fares similar to the city’s standard taxi rates.

“Our latest expansion in Guangzhou marks another major step in making autonomous mobility a part of everyday life. By offering autonomous rides from the heart of the city to key transit hubs, we’re providing practical, real-world services which meet the needs of travellers and city residents alike, solidifying Pony.ai’s status as a global leader in the large-scale commercialization of autonomous mobility.”

-said Dr. James Peng, co-founder and CEO of Pony AI Inc.