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    Home » Driverless robotaxi tests begin in Beijing with Baidu and Pony.ai
    Automotive

    Driverless robotaxi tests begin in Beijing with Baidu and Pony.ai

    December 31, 2022
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    Baidu Inc and Toyota Motor Corp-backed startup Pony.ai said on Friday they had been granted the first licences to test fully autonomous vehicles without safety operators as a backup in Beijing. A technology park developed by the Beijing government is where Baidu and Pony.ai will test ten driverless vehicles each for commercial robotaxi services in China’s capital.

    Driverless robotaxi tests begin in Beijing with Baidu and Pony.aiOver the last five years, Baidu, a Beijing-based company whose main revenue stream is its internet search engine, has emphasized self-driving technologies as a means of diversifying its revenue sources. Over the past year, it began charging fees for the robotaxi service Apollo Go.

    It has been predicted that a robotaxi ride will eventually cost about half as much as one in a commercial vehicle with a driver. During the coming year, the company plans to add 200 robotaxis to its network across China. Baidu reports Apollo Go delivered 1.4 million driverless rides in Wuhan and Chongqing without a safety driver by the end of the third quarter.

    Rival Pony.ai, which operates taxi services in China and the United States, has been testing autonomous driving systems in Guangzhou. Also, it is testing autonomous vehicles in California and Arizona, where safety drivers are employed as a precaution. While Chinese companies are pushing for self-driving cars, automakers outside the country have stepped back from the ambitious rollout schedule predicted a few years ago.

    After predicting the company would deliver a fleet of a million robotaxis three years ago, Tesla’s “Full Self Driving” system requires a human behind the wheel ready to take over. There have been criminal investigations into Tesla’s electric vehicles in the United States over claims that they can drive themselves.

    Cruise, General Motors’ robotaxi unit, has announced plans to expand its service across San Francisco and other U.S. cities in the coming year. As a result of incidents where the vehicles braked inappropriately or became immobilized, U.S. auto safety regulators opened an investigation into Cruise’s autonomous driving system earlier this month.

    Volkswagen AG and Ford Motor Co shut down their self-driving startup, Argo AI, in October after concluding that mass deployment of a commercial autonomous driving system would take more time and money than they expected when they joined forces in 2019. After an informal inquiry by the National Highway Traffic Safety concluded that a defect caused a test vehicle to crash into a traffic median in California, Pony.ai agreed to repair its autonomous driving software in the United States.

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    Apple market cap reaches 4.94 trillion to top Nvidia

    July 29, 2026

    The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as an operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs. Trading patterns across major equity benchmarks highlighted diverging sentiment between hardware component suppliers and consumer technology platforms. Nvidia shares experienced increased selling pressure alongside wider pullbacks across semiconductor equities, as investors scrutinized the timeline for financial returns on massive artificial intelligence data center investments. The Philadelphia Semiconductor Index recorded notable weekly declines as market participants reassessed elevated valuation multiples across pure-play chipmakers. Despite persistent demand for graphics processing units, concerns surrounding energy supply constraints, macroeconomic interest rate trajectories, and capital expenditure intensity weighed on semiconductor equity prices.

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