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Uber has struck another deal with a robotaxi provider, and this time it's with Chinese tech giant Baidu.
UBER rides on strong gross bookings growth across mobility and delivery, with the second-quarter outlook pointing to 16-20% gains.
Uber Technologies Inc (NYSE: UBER) is inching up in premarket on Tuesday after announcing a multi-year strategic partnership with Chinese tech giant Baidu aimed at deploying thousands of autonomous vehicles on its platform outside the US and mainland China.
The move will help Baidu internationalize its driverless car business, while Uber will gain a proven partner to take on autonomous driving rivals.
Uber and China's Baidu are partnering to deploy thousands of Baidu's Apollo Go autonomous vehicles on the Uber platform across several global markets outside of the U.S. and mainland China, the companies said on Tuesday.
BEIJING & SAN FRANCISCO--(BUSINESS WIRE)--Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) and Uber Technologies, Inc. (NYSE: UBER) today announced a multi-year strategic partnership to deploy thousands of Baidu's Apollo Go autonomous vehicles (AVs) on the Uber platform across multiple global markets outside of the U.S. and mainland China. This collaboration will focus on increasing the supply of affordable and reliable ridesharing options by bringing Baidu's advanced autonomous vehicles onto Uber's e.
BEIJING and SAN FRANCISCO , July 15, 2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) and Uber Technologies, Inc. (NYSE: UBER) today announced a multi-year strategic partnership to deploy thousands of Baidu's Apollo Go autonomous vehicles (AVs) on the Uber platform across multiple global markets outside of the U.S. and mainland China. This collaboration will focus on increasing the supply of affordable and reliable ridesharing options by bringing Baidu's advanced autonomous vehicles onto Uber's extensive network.
Uber Technologies (UBER -1.04%) has had a phenomenal year. As of July 9, shares of the mobility and delivery platform are up 60% in 2025.
The race for artificial intelligence is one of the biggest gold mines in the global economy and the technology sector. The development of better models can spur growth in unrelated areas that most investors haven't seen coming.
Key Points in This Article: The stock market in 2025 has faced significant volatility due to macroeconomic pressures like trade policies and high interest rates, yet the S&P 500 has reached new highs, highlighting opportunities in resilient, high-growth sectors.