Uber, Baidu
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Tesla expanded the ‘geofence’ for its robotaxi pilot service in Austin, Texas, less than a month after its launch.
Shares of Baidu ( BIDU 9.13%) charged sharply higher on Tuesday, surging as much as 9%. As of 12:46 p.m. ET, the stock was still up 8.5%. The catalyst that sent the Chinese tech giant higher was a high-profile partnership for its self-driving car platform.
Uber has partnered with a number of firms for robotaxi services, but this latest alliance is getting more attention than most.
Baidu is working on launching its Apollo Go robotaxi service in Singapore and Malaysia by end-2025, with sources close to the matter telling Singapore’s The Independent that the Chinese tech giant is in talks with