Uber Technologies, Inc. (NYSE: UBER) partners with Lyft and Baidu to launch driverless taxi trials in the UK by next year. Baidu’s Apollo Go RT6 and London-based startup Wayve to join ride-hailing platforms in 2026. Wayve to test mapless, AI-driven technology with investments from Uber and SoftBank.

Analyst Nikhil Devnani raises Uber’s price target to $115, remains optimistic despite competition from Waymo, Zoox, and Tesla in the AV industry. Increased competition affects margins, but Uber expected to exceed Gross Bookings and EBITDA estimates. Uber connects consumers with transportation, delivery, and logistics services globally through Mobility, Delivery, and Freight segments.

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Read more at Yahoo Finance: Uber Technologies (UBER) Partners With Lyft and Baidu to Launch Driverless Taxi Trials in UK