Pony AI Shares Are Trading Higher Tuesday: What's Going On?
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Pony AI Inc. shares rose 11.02% to $21.85 after reports that Uber Technologies plans to invest $100 million in its Hong Kong listing. Pony AI aims to raise up to $972 million to enhance its Level 4 autonomous driving technology and achieve profitability by 2028 or 2029. Uber is also interested in WeRide Inc.'s Hong Kong listing, having previously invested in both companies during their U.S. listings.
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