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00:02WeRide plans to at least double its RobaTaxi fleet this year as it uses artificial intelligence
00:07to reduce costs and move toward profitability, CEO Tony Hahn told the Wall Street Journal.
00:12The company reduced data collection and training costs by 75% using its in-house AI testing
00:18platform. WeRide's AI simulator Genesis trains autonomous vehicles to navigate heavy traffic,
00:24nighttime driving, and extreme weather, enabling safer responses to rare or unexpected situations.
00:31Hahn said AI testing captures conditions that are difficult to replicate in real life and
00:36reduces costs. WeRide plans to expand its global fleet to 2,000 to 3,000 vehicles by year-end
00:42from over 1,000 in January. The long-term goal is tens of thousands of robot access by 2030.
00:48WeRide and Uber launched Abu Dhabi's first commercial RobaTaxi service in the city center
00:53on Thursday. Shares rose 3.31% to $7.80 in pre-market on Thursday and remain down over 19
01:01%
01:01this year, according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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