Pony AI Shares Climb Over 4% Following Strategic Partnership Announcement

Stock News
02/09

On Monday, shares of Pony AI Inc (PONY.US) rose more than 4%, reaching $14.97. The increase follows the official announcement on February 6th of a strategic partnership between Pony AI and Moore Threads. The collaboration will focus on the implementation and large-scale application of Level 4 autonomous driving technology. The two companies will engage in deep cooperation centered on the core of Pony AI's technology: the training and optimization of its World Model and Virtual Driver system. The partnership aims to empower the iteration and commercial deployment of autonomous driving technology with safe and reliable AI computing power. This cooperation represents a significant example of collaborative innovation within the Chinese AI industry chain. It marks the first time Pony AI has utilized domestic AI computing power on a large scale for its critical training and simulation processes. It also signifies the official entry of Moore Threads' domestically-produced, fully-functional GPUs into the core field of autonomous driving.

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