Seeking Alpha’s roundup of announcements, statements, and remarks that could impact the technology industry.
- China’s Pony.ai (NASDAQ:PONY) and Stellantis (NYSE:STLA) are teaming up to develop SAE Level 4 robotaxi vehicles.
The EVs will feature Stellantis’s AV-Ready Platform and Pony.ai’s autonomous driving technology. The companies’ first vehicle will be based on the Peugeot e-Traveller, with an initial launch planned for Luxembourg in the next few months, followed by a gradual rollout in other European cities next year.
“We are delighted to partner with Stellantis to bring our autonomous mobility technology to Europe,” said Pony.ai founder and CEO Dr. James Peng, in a statement. “Their strong European presence and portfolio of iconic brands make them the ideal partner to help accelerate our growth in this key market.”
Based in Amsterdam, Stellantis (NYSE:STLA) owns several legacy car brands, including Jeep, Chrysler, Dodge, Peugeot, and Fiat.
Other companies involved in the development of robotaxi services include Tesla (TSLA), Alphabet’s (GOOG) (GOOGL) Waymo, Amazon’s (AMZN) Zoox, Uber (UBER), Lyft (LYFT), and Baidu (BIDU).
- A key Russian investment envoy has proposed that Elon Musk’s The Boring Company build an undersea rail tunnel to connect Siberia and Alaska.
“Imagine connecting the US and Russia, the Americas and the Afro-Eurasia with the Putin-Trump Tunnel – a 70-mile link symbolizing unity. Traditional costs are $65B+, but @boringcompany’s tech could reduce it to <$8B. Let’s build a future together! ” said Kirill Dmitriev, the head of Russia’s sovereign wealth fund, in a series of posts detailing the proposed project on X.
U.S. and Russian officials are expected to meet next week to discuss a possible end to the Ukraine war.
- American Airlines (NASDAQ:AAL) regional carrier Envoy Air is the latest victim of a hacker attack targeting Oracle’s (NYSE:ORCL) E-Business Suite applications.
“We have conducted a thorough review of the data at issue and have confirmed no sensitive or customer data was affected,” an Envoy Air spokesperson told Reuters. “A limited amount of business information and commercial contact details may have been compromised.”
Reuters said the hack is the latest targeting Oracle’s E-Business Suite by the cybercriminal group CL0P. The hacker group listed American Airlines as one of its victims on its website Thursday.