Uber Stock Dips Slightly After Baidu Robotaxi Partnership Announcement
Uber Technologies' shares edged lower following its confirmation of a robotaxi pilot program with China's Baidu, set to launch in London by early 2026. The market reaction reflects lingering concerns over regulatory hurdles under the UK’s Automated Vehicles Act, which could delay commercialization timelines.
Baidu will supply Apollo Go RT6 vehicles for the trial, positioning Uber alongside Waymo in the competitive UK autonomous vehicle race. Data security and GDPR compliance requirements may create ancillary opportunities for UK tech vendors specializing in cybersecurity solutions.