Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Nvidia Develops New Location-Verification Technology for AI Chips 
Trump Signs Executive Order to Establish National AI Regulation Standard 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
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.
