""The key is software optimization. Our software performance has tripled under the same computing power," said CTO Lou Tiancheng about reducing costs."
"Pony AI has slashed its BOM costs from $137,217 to $41,165, positioning itself for potential profitability by 2025 if trends continue."
Pony AI Inc. saw a significant stock surge of 55% after its CTO revealed the ability to cut autonomous driving system costs by 70%. The company focuses on software for autonomous vehicles and recently unveiled new driverless vehicles at the Shanghai Auto Show in partnership with state-owned automakers and Toyota. Furthermore, a partnership with Tencent allows integration of its ride-hailing services into popular applications like Tencent Maps and WeChat. With production costs reduced from $137,217 to $41,165, analysts predict potential breakeven by late 2025 but a full profit may not be reached until 2030.
Read at Fast Company
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