Top 8 AI News Updates Driving Markets Today

3. Pony AI Inc. (NASDAQ:PONY)

Number of Hedge Fund Holders: 20

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

On March 25th, Pony AI Inc. (NASDAQ:PONY) reported a 29.8% drop in its Q4 revenue to $35.5 million from $50.6 million a year earlier. Its robotaxi services segment recorded a 61.9% year-over-year revenue drop to $2.6 million from $6.7 million due to lower service fees. The company’s losses per diluted share widened to $0.99 from $0.23 a year earlier.

“2024 marked a milestone year for Pony.ai as we transitioned to a public company. Our robotaxi-first, China-first, and tier-one cities-first approach has positioned us at the forefront of the race towards large-scale commercialization. The strategic partnerships with OEMs we have developed, also empower us to rapidly scale production of our seventh-generation robotaxi. In 2025, we aim to build upon this momentum and accelerate beyond the inflection point of scaled commercialization, building a world with safer, more efficient, and accessible autonomous mobility.”

-said James Peng, CEO of Pony AI Inc.