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China's Baidu to deploy robotaxis on rideshare app Lyft

China's Baidu to deploy robotaxis on rideshare app Lyft

Yahoo13 hours ago
Chinese internet giant Baidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026, pending regulatory approval, the two companies said on Monday.
Last month, Baidu announced a similar agreement with Uber in Asia and the Middle East as it seeks to take pole position in the competitive autonomous driving field both at home and abroad.
Lyft and Baidu said Monday that "in the following years" the fleet of Apollo Go driverless cars will be expanded to thousands of vehicles across Europe.
They did not specify which other countries the cars would be deployed in, and it was not clear how long it might take to gain regulatory approval for the initial deployment.
Driverless taxis are already on some roads with limited capacity in the United States and China, most notably in the central city of Wuhan, where a fleet of over 500 can be hailed by app in designated areas.
Their reach is spreading, with Shanghai's financial district Pudong recently announcing a batch of permits for multiple companies to operate robotaxis.
China's tech companies and automakers have poured billions of dollars into self-driving technology in recent years, with intelligent driving the new battleground in the country's cutthroat domestic car market.
Baidu is not alone among Chinese companies in searching to expand its foothold abroad.
Its rival WeRide is also active in the Gulf region, and in January announced it had been picked to lead a small pilot project in Switzerland.
Pony.AI, another Chinese company, said in May that it had signed a deal to launch its self-driving taxis on Uber in "a key market in the Middle East later this year".
San Francisco-based Lyft in April said it had agreed to buy German taxi app Freenow, planting a flag in the European market.
The acquisition marked Lyft's "most significant expansion outside North America", the group said.
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Purespring Therapeutics receives UK CTA approval for Phase I/II clinical trial of PS-002 in patients with primary IgA nephropathy (IgAN)
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Purespring Therapeutics receives UK CTA approval for Phase I/II clinical trial of PS-002 in patients with primary IgA nephropathy (IgAN)

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Debenhams to fast-track AI capability across business with new programme
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Sticky by design: Why embedded finance is the SaaS retention strategy nobody talks about
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Retention is recurring revenue without customer acquisition cost. According to Bain & Company, increasing customer retention by just 5% can boost profits by up to 95% depending on the sector. For SaaS businesses under pressure to do more with less, it's an obvious place to invest. Yet while most product managers obsess over feature releases, roadmap alignment, and funnel optimisation, few look at the financial touchpoints in their product experience. Even fewer ask: what if we stopped outsourcing payments and made them part of the product? The resistance is understandable. Finance is complex, regulated, and historically hard to embed. However, that's changing. Modern embedded finance platforms offer ready-to-integrate infrastructure that abstracts the hard parts - from compliance to licensing - while giving product teams control over the user experience. As a result, financial functionality no longer has to be tacked on at the edges. It can be woven into the product flow, natively and securely, at the moments users expect it most. From fintech feature to product strategy Too often, embedded finance is dismissed as something for fintechs or marketplaces. But its real power lies in the broader SaaS world, where it can transform user value and switching costs, ultimately reducing churn, and deepening platform utility. It's time we stopped thinking about EF as just a payment button or a lending module. It's a design strategy for building products that keep users engaged, productive, and loyal. Especially in sectors where switching is easy and attention is scarce, that edge is not just useful, it's essential. Alex Mifsud is CEO and Co-founder, Weavr "Sticky by design: Why embedded finance is the SaaS retention strategy nobody talks about" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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