Latest news with #RobinLi
Yahoo
17-07-2025
- Business
- Yahoo
Baidu (BIDU) Ends 4-Day Losses on Global Expansion Deal With Uber
We recently published . Baidu, Inc. (NASDAQ:BIDU) is one of Tuesday's top performers. Baidu snapped a four-day losing streak on Tuesday, jumping 8.65 percent to close at $93.30 apiece following news that it partnered with ride-hailing giant Uber Technologies Inc. to deploy the former's Apollo Go vehicles globally. In a statement, Baidu, Inc. (NASDAQ:BIDU) said it entered into a multi-year partnership with Uber for the deployment of Apollo Go on the latter's platform across multiple global markets outside the US and China. Baidu, Inc. (NASDAQ:BIDU) said the first deployments are expected to kick off in Asia and the Middle East later this year. Upon launching, this would expand options for Uber riders and have their trip fulfilled by a fully driverless Apollo Go. At present, Apollo Go deploys more than 1,000 fully driverless vehicles globally with its global footprint spanning 15 cities, including Dubai and Abu Dhabi. A modern internet space with a person using Baidu services on a laptop. 'We are committed to bringing the benefit of autonomous driving technology to more people in more markets, and this partnership with Uber represents a major milestone in deploying our technology on a global scale,' said Baidu, Inc. (NASDAQ:BIDU) Chairman and CEO Robin Li. 'We look forward to working with Uber to deliver safe and efficient autonomous mobility solutions to riders around the world.' While we acknowledge the potential of BIDU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
16-07-2025
- Automotive
- Yahoo
Baidu and Uber partnership to deploy AVs in global markets
China's Baidu and Uber Technologies are set to deploy 'thousands' of Baidu's Apollo Go autonomous vehicles (AVs) on the Uber platform across various worldwide markets, outside of mainland China and the US. This multi-year strategic collaboration is expected to enhance the availability of cost-effective and dependable ridesharing alternatives by integrating Baidu's AVs into Uber's network. The inaugural rollouts of this collaboration are slated for Asia and the Middle East later in 2025. Following the launch, riders who request an eligible Uber trip may have the choice to be serviced by a fully driverless Apollo Go AV. Uber CEO Dara Khosrowshahi said: 'This partnership brings together two of the world's most iconic technology companies to help shape the future of mobility. 'As the world's largest platform of its kind, spanning mobility, delivery, and freight, Uber is uniquely positioned to help AV leaders like Baidu bring their autonomous technology to the world.' Apollo Go is said to deploy a fleet of more than 1,000 driverless vehicles worldwide, with its presence extending to 15 cities, including Abu Dhabi and Dubai. It has offered over 11 million cumulative rides to the public as of May. Baidu CEO, co-founder, and chairman Robin Li said: "We are committed to bringing the benefit of autonomous driving technology to more people in more markets, and this partnership with Uber represents a major milestone in deploying our technology on a global scale. "We look forward to working with Uber to deliver safe and efficient autonomous mobility solutions to riders around the world." Last month, Wayve and Uber announced their plans to commence public-road trials of Level 4 AVs in London, UK, next year. This venture will utilise Wayve's Embodied AI platform alongside Uber's mobility network to amplify the deployment of AVs across Europe. In May, Uber Technologies and May Mobility, an AV technology firm, entered into a multi-year collaboration to introduce AVs in US cities. The initiative is poised to launch thousands of AVs on the Uber platform, with Arlington, Texas, anticipated to be the first city by the end of this year. "Baidu and Uber partnership to deploy AVs in global markets" was originally created and published by Just Auto, 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
Yahoo
15-07-2025
- Automotive
- Yahoo
Baidu shares jump after announcing autonomous vehicle deal with Uber
-- Baidu shares rose sharply Tuesday after the Chinese tech giant unveiled a multi-year global partnership with Uber (NYSE:UBER) to deploy its Apollo Go autonomous vehicles outside the U.S. and mainland China. The agreement will see thousands of Baidu's fully driverless vehicles integrated into the Uber platform across multiple international markets, with the first deployments expected later this year in Asia and the Middle East. The companies said that riders in select regions may have the option to request trips fulfilled by Baidu's autonomous vehicles. 'This partnership brings together two of the world's most iconic technology companies to help shape the future of mobility,' said Uber CEO Dara Khosrowshahi in a joint company statement. 'As the world's largest platform of its kind, Uber is uniquely positioned to help AV leaders like Baidu (NASDAQ:BIDU) bring their autonomous technology to the world.' Baidu's Apollo Go currently operates over 1,000 fully driverless vehicles across 15 cities globally, including in Dubai and Abu Dhabi. The company says it has completed more than 11 million public rides as of May. Robin Li, Co-founder, Chairman, and CEO of Baidu, called the Uber agreement 'a major milestone in deploying our technology on a global scale,' adding, 'We are committed to bringing the benefit of autonomous driving technology to more people in more markets.' The deal is aimed at expanding autonomous mobility access and bolstering ride supply on Uber's global network. Shares of Baidu surged over 7% at the open following the news. Related articles Baidu shares jump after announcing autonomous vehicle deal with Uber Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett Buy this massive AI stock into upcoming Q2 print: Morgan Stanley 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
Arabian Post
15-07-2025
- Automotive
- Arabian Post
Autonomous Taxis Go Global Through Uber‑Baidu Deal
Arabian Post Staff -Dubai Uber Technologies and Baidu Inc. have confirmed a multi‑year strategic alliance to bring Baidu's Apollo Go autonomous robotaxis to markets beyond the U. S. and mainland China, initiating the programme later this year in select cities across Asia and the Middle East. The new service, integrated into the Uber app, will offer riders the option to choose fully driver‑free vehicles powered by Apollo Go's advanced AI systems. Apollo Go currently operates the world's largest driverless ride‑hailing network, with more than 1,000 fully autonomous vehicles deployed across 15 cities—including Dubai and Abu Dhabi—and over 11 million rides completed as of May 2025. The expansion, announced on 15 July 2025, marks a significant move by Uber as it intensifies its foray into autonomous vehicles, supplementing existing partnerships with other AV developers such as Waymo, Pony AI, WeRide, May Mobility, Volkswagen and Avride. ADVERTISEMENT Uber CEO Dara Khosrowshahi described the venture as a decisive milestone: 'This partnership brings together two of the world's most iconic technology companies to help shape the future of mobility. As the world's largest platform of its kind, spanning mobility, delivery, and freight, Uber is uniquely positioned to help AV leaders like Baidu bring their autonomous technology to the world.' Baidu's co‑founder and CEO Robin Li added that integrating Baidu's autonomous driving technology with Uber's network represents 'a major milestone in deploying our technology on a global scale,' aimed at delivering safe, efficient and cost‑effective transport to a wider audience. Market response to the announcement has been positive: Uber's shares rose more than 1 % in pre‑market trading in the U. S., while Baidu's U. S.‑listed stocks surged almost 5 %, reflecting investor confidence in the deal's potential to accelerate autonomous mobility adoption worldwide. The initial deployment targets key cities in Asia—potentially including Singapore and Malaysia where Baidu plans to launch Apollo Go this year—and in the Gulf region, where regulatory environments are favourable and infrastructure is supportive. Recent reports highlight that Gulf countries such as the UAE and Saudi Arabia aim to have at least 25 % of transport in major cities autonomous by 2030‑2040, presenting a promising opportunity for robotaxi services. Analysts view the Uber‑Baidu partnership as a pivotal step in global AV expansion. By entering markets outside its core regions, Baidu leverages an 'asset‑light' international strategy driven by collaboration instead of proprietary platforms. Uber gains immediate access to a proven self‑driving fleet without the development time and costs associated with in‑house technology, bolstering its competitiveness in the robotaxi space, particularly against rivals like Lyft and Waymo. Safety and regulatory scrutiny remain top concerns. Apollo Go's record of over 11 million rides with a robust safety profile strengthens public and regulatory confidence. Still, each market's regulatory readiness varies, requiring phased live testing and strong oversight to meet local licensing standards. Financially, the deal promises dividend benefits. By significantly increasing supply of robotaxis through Uber's platform, Baidu stands to accelerate revenue from its autonomous segment, potentially addressing investor concerns over its core advertising business. Uber, which has seen its stock climb 56 % this year, reinforces its diversification into autonomous and freight services ahead of its Q2 earnings report scheduled for 6 August. Competition is heating up. The Gulf region already hosts partnerships between Uber and Chinese AV firms such as Pony AI and WeRide, both of which are conducting trials or planning roll‑outs in Dubai and Abu Dhabi. Baidu's entry into this competitive space joins a growing group of Chinese robotaxi operators—such as Pony AI, AutoX, DiDi and WeRide—vying for global market share. While the United States and mainland China remain outside the deal's scope—due to complex regulatory frameworks and entrenched competition—Uber and Baidu have hinted at future expansions into Europe and Oceania, suggesting a long‑term global vision. Baidu's ongoing engagement with European regulators, including Switzerland and Turkey, supports predictions for expanded rollout later this year.
Straits Times
15-07-2025
- Automotive
- Straits Times
Uber partners with China's Baidu to deploy self-driving taxis in global markets
Find out what's new on ST website and app. The first rollouts are expected in Asia and the Middle East later in 2025. Uber and China's Baidu will partner to deploy thousands of Baidu's Apollo Go autonomous vehicles on the Uber platform across several international markets outside the US and mainland China, the companies said on July 15 . The first rollouts are expected in Asia and the Middle East later in 2025 . The tie-up brings together Uber's massive ride-hailing network with Baidu's fleet of more than 1,000 fully driverless vehicles across the world. It is the latest in a series of efforts by Uber to compete in the burgeoning market as tech companies race to overcome regulatory and engineering hurdles to deploy self-driving taxis at a commercial scale. In June , Uber launched autonomous ride-hailing services in Atlanta, expanding its partnership with Alphabet's Waymo, while also signing deals with autonomous vehicle companies including Pony AI and May Mobility. Tesla rolled out its long-awaited robotaxis in Austin, Texas in June , in their first public test. Meanwhile, China's robotaxi firms have been increasingly eyeing global expansion; Apollo Go is now present in 15 cities, including Dubai and Abu Dhabi, and, as of May, had completed more than 11 million rides. In May, Pony AI became the third Chinese autonomous vehicle company after Baidu and WeRide to unveil an agreement to deploy its vehicles in the Middle East. Mr Robin Li, co-founder and chief executive of Baidu, said on July 15 that 'the partnership with Uber represents a major milestone in deploying our technology on a global scale'. Baidu has been running its Apollo Go robotaxi services commercially in several Chinese cities since 2022. REUTERS
