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Rideshare Drivers Seek Cash Payments

Rideshare drivers are increasingly offering passengers the option to pay in cash or through apps like Venmo, bypassing Uber and Lyft. This trend arises from declining earnings and dissatisfaction with app-based fare structures. Meanwhile, Uber is petitioning for a reduction in driver pay rates amid falling ridership and rising operational costs.

Pony AI Adjusts IPO Plans Amid Challenges

Pony AI, the Chinese autonomous vehicle startup, is now aiming to raise $260 million in its upcoming IPO, a revision from its earlier target of $224 million. This comes after a significant reduction in its valuation and ongoing challenges in the U.S. market. The company operates a fleet of robotrucks and robotaxis in China.