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Uber's scrappy European rival Bolt is making a surprising bet that Chinese autonomous-driving technology is ready for Western roads, partnering with Pony.ai to deploy robotaxis across the continent—a move that could upend the race to driverless cars while intensifying geopolitical tensions over who controls the future of mobility. The deal marks a pivotal moment where a European startup chooses Chinese innovation over homegrown alternatives, signaling that the West may be losing ground in the autonomous vehicle race faster than previously thought. If successful, it could reshape the competitive landscape and force regulators in Brussels and beyond to reckon with their dependence on Beijing's technological advances.
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Heavy weights like Shopify and Thomson Reuters swept up in the selloff now look 'significantly undervalued,' but volatility will continue ...