Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
SpaceX Eyes AI Computing Expansion Ahead of Historic IPO 
Takeda Hit With $885M Verdict Over Amitiza Generic Drug Delay Scheme 
Nvidia Beats Earnings Expectations as AI Demand Drives Record Growth 
Anthropic Revenue Surge Signals Strong AI Market Momentum in 2026 
Blackstone and Google Launch AI Cloud Venture, Pressuring CoreWeave and Nebius Shares 
Mistral AI Acquires Emmi AI to Expand Industrial AI Solutions in Europe 
CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge 
X Corp Loses Legal Battle Over Australia Child Safety Fine 
OpenAI Expands Globally with First Overseas AI Lab in Singapore 
Tencent Shares Jump 4% as AI Models Move Toward Paid Commercial Services 
Samsung Shares Surge After Strike Deal Eases Labor Tensions 
TrumpRx Expands Discount Drug Access With 600 Generic Medications 
Texas Sues Meta Over WhatsApp Encryption Claims 
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.
