Mentioned:
Pony AI is rapidly expanding their fleet of self driving cars across the world. And they’re coming to Dubai next.
What’s happening:
- Pony AI (NASDAQ: PONY) has entered in a new agreement with Dubai’s Roads and Transport Authority to deploy autonomous vehicles in Dubai
Why it matters:
- This is the first major deal Pony AI has ever done to bring their self driving vehicles into Dubai
Going deeper:
- Pony AI has been cutting a flurry of deals recently to expand their fleet of autonomous vehicles into new regions, including a highly notable partnership with Tencent to launch ride sharing for users of the highly popular app WeChat
- Autonomous vehicles have become a major focus in the Middle East lately, with Abu Dhabi just recently allowing WeRide (NASDAQ: WRD) to deploy their first ever Robotaxi vehicles
The fine print:
- Pony AI will only be initially allowed to roll out supervised trial runs in Dubai and will not be able to operate fully autonomous rides until validating the safety of their self driving technology
