Shares of Pony AI opened about 15% above their offer price in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.

Chinese autonomous driving technology company Pony AI started trading on the Nasdaq on Wednesday at $15 per share, securing it a valuation of $5.25 billion. That opening price is 15% higher than Pony’s offering price of $13, which itself was at the high end of its expected range.

The firm, which has headquarters in Silicon Valley and Guangzhou, China, makes tech that can turn cars into self-driving vehicles. Pony AI is having its initial public offering today. The firm, which is based in Silicon Valley but also has a headquarters in Guangzhou,

Chinese companies had been avoiding stateside IPOs due to geopolitical tensions, but now they have fresh reason to consider U.S. markets.

A tiny company in a fast-growing industry is a recipe for millionaire-making potential. This projection assumes that the capital expenditures being poured into AI training hardware will set the stage for the adoption of software solutions that make life easier for businesses and their consumers.

(Reuters) -Shares of Pony AI opened about 15% above their offer price in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.

(Reuters) -Shares of Pony AI rose about 15% in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor approach to China-based firms.

Nvidia is spreading some of its wealth by investing in a portfolio of other artificial intelligence companies.

Microsoft, Amazon, Alphabet, and Meta Platforms (META 2.83%) -- will spend a combined $300 billion on data center infrastructu

Live Updates Make sure to refresh this page periodically for updates. WSJ Says Amazon Building Massive Supercomputer Off Trainium Chips 10:12 am The Wall Street Journal published an article today on Amazon’s plans to build a massive supercomputer named “Project Rainer” utilizing the company’s homegrown Trainium chips.

Amazon Web Services (NASDAQ:AMZN) went all in on artificial intelligence during re:Invent in Las Vegas on Tuesday as it announced new AI partnerships with GitLab (NASDAQ:GTLB) and PagerDuty (NYSE:PD),

Q1 2025 Earnings Call Transcript December 2, 2024 Zscaler, Inc. beats earnings expectations. Reported EPS is $0.77, expectations were $0.63. Operator: Good day, and thank you for standing by. Welcome to the Zscaler First Quarter 2025 Earnings Call.