Uber Eyes Pony.ai Acquisition: Autonomous Vehicle Stocks Heat Up

As reported by the New York Times, Uber Technologies ( UBER ) is in early talks to acquire the US subsidiary of Pony.ai ( PONY ), a Chinese-American autonomous vehicle company. This move comes as Alphabet's ( GOOGL ) Waymo and Tesla ( TSLA ) ramp up competition in the robotaxi space, pressuring Uber to strengthen its position in autonomous transportation.