Uber Said in Talks to Invest in US IPO of China’s Pony AI (1)

Uber Technologies Inc. plans to invest in Pony AI Inc.’s US initial public offering, which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with the matter said.

San Francisco-based Uber is seeking to buy more than $10 million of shares in Pony AI’s IPO, the people said, asking not to be identified discussing confidential information. The company may consider using Pony AI technology in a partnership outside of the US, one of the people said.

Uber also invested in last month’s US IPO of China’s WeRide Inc., people with ...