Uber in Talks With Kalanick to Fund Pony.AI Bid, NYT Says

Uber Technologies Inc. is in talks with founder Travis Kalanick to help fund his acquisition of the US arm of Chinese self-driving firm Pony AI Inc., the New York Times reported. Shares of both companies jumped in Thursday trading.

The talks are preliminary, according to the Times, citing two unnamed people. Kalanick would run Pony.AI Inc., the Delaware-incorporated subsidiary, if the deal is completed while continuing to lead his current company, CloudKitchens, the report cited the people as saying. Financial details of the potential transaction were not known, the report said.