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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Kling AI video generation neural network lets you try on clothes on a virtual model

However, social networks have begun to use the opportunity not quite for its intended purpose. Users dress up kittens and pop culture characters in costumes, for example, Alien was dressed up as Barbie

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Stephanie Turner

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10 months ago

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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Uber is in talks to invest for China's Pony AI during its US exchange IPO

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Kling AI video generation neural network lets you try on clothes on a virtual model

Advance Magazine Publishers sells $1.2 billion worth of Reddit stock