Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
GM Plans C$1.1 Billion Canada Investment Amid U.S. Tariff Pressure 
Street Poller Media and The Boom of the Street Interview Ad Industry 
OpenAI Rejects Apple Trade Secret Theft Claims 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Shein Shares Slide 9% in Hong Kong IPO Debut 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
New Zealand Labour Backs Social Media Ban for Under-16s 
France Targets Shein, Temu With Fast-Fashion Fees 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Nvidia Options Price in $280 Billion Earnings Swing 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Add as a preferred source on Google
WeRide, a Chinese autonomous vehicle startup, has received California’s regulatory approval to begin testing its robotaxis with passengers, a move that comes as the U.S. considers restricting Chinese technology in vehicles.
California Approves WeRide Testing Amid US Tech Concerns
The utility regulator in California has granted permission to the Chinese autonomous driving startup WeRide to conduct passenger testing of its vehicles.
This comes at a time when the United States is planning to prohibit automobiles equipped with technologies built in China, as per sources familiar with the situation, and the company is aiming for an initial public offering (IPO) in New York that could fetch a price of $5 billion.
WeRide Restricted from Collecting Payments in California
This month, WeRide received three-year permission from the California Public Utilities Commission (CPUC) to test both driverless and self-driving test cars. There will be no way for WeRide to collect payments from customers or provide trips to anyone in the general public.
CPUC informed Reuters that WeRide will serve San Jose and the surrounding areas with its fleet of twelve operating cars.
Due to public outcry, bureaucratic roadblocks, and resistance from local agencies, developing and commercializing robotaxis in the United States has been more challenging than anticipated.
According to Yahoo Finance, only Waymo, a subsidiary of Alphabet with 700 vehicles, operates unmanned robotaxis that collect fares in the United States.
Cruise Robotaxi Accident Resumed Testing in April
After a pedestrian was injured by one of General Motors' Cruise vehicles last year, testing with safety drivers resumed in April.
In 2021, WeRide, which was established in 2017, was granted permission by the state of California to conduct unaccompanied vehicle testing. The business has driverless permits in both Singapore and the UAE; it also manufactures autonomous buses, street sweepers, and vans.
Reuters asked WeRide for more information, but the company did not immediately respond.
