Uber is in talks to invest for China's Pony AI during its US exchange IPO
- Uber plans to become an investor in Pony AI during its IPO
- It may buy $10+ million worth of shares in the Chinese startup
- Uber may integrate Pony AI's technology outside the US
- A month ago, Uber already became an investor in China's WeRide
- They are partners in the Abu Dhabi robotaxi marketplace
- Chinese startup Pony AI is aiming to raise up to $260 million in funding
- The startup will offer 20 million of its shares at $11-13/pc.
- China's Pony AI is developing drone technology
- It operates drones on roads in the US and China
- Chinese auto brands are also showing interest in the IPO
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OpenAI is considering building its own web browser
- OpenAI may create a browser where it integrates ChatGPT
- It previously took two key people from the Chrome team
- Creating a browser would give OpenAI more internet control
- It will help expand ChatGPT, whose WAU is already 300+ million
- What else the OpenAI browser might be different from is unclear at this point
- That said, it's too far away from the OpenAI browser launch for now
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Advance Magazine Publishers sells $1.2 billion worth of Reddit stock
- Advance will offer 7.8 million shares at $145.38-148.54/pc.
- This deal could bring Advance itself about $1.2 bln
- This range implies a discount of 8% off the closing price
- Yesterday, Reddit shares closed at $158.02/pc.
- Advance is one of Reddit's largest shareholders
- In doing so, Advance is purchasing derivatives on its shares
- It will be able to maintain its stake and create a line of c
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