Tesla Robotaxi Permits Lag

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Tesla has continued to signal plans for launching a driverless robotaxi service in California, but regulatory filings show limited progress toward securing the necessary approvals.

State records indicate that the company has not conducted documented autonomous test driving on public roads in recent years. In California, such testing is a required step toward obtaining permits to operate fully driverless ride-hailing services.

Regulators require companies to meet testing benchmarks before advancing to commercial deployment. Tesla currently holds only an initial permit allowing supervised trials with a safety driver present.

The company has instead focused on limited pilot services in other regions with fewer regulatory hurdles.

Industry observers note that California remains a critical market for autonomous mobility ambitions due to its size and regulatory influence.

The situation highlights the gap between development goals and regulatory readiness as companies work toward deploying fully autonomous transportation systems.

Baidu Revenue Falls on Ad Weakness

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Baidu reported a decline in quarterly revenue as continued weakness in its advertising segment outweighed gains from its growing cloud and artificial intelligence operations.

The company has expanded investment in AI infrastructure and enterprise-focused services, contributing to stronger performance in its cloud-related offerings. However, advertising—still its primary revenue source—remained under pressure amid softer economic conditions and reduced marketing spending.

Baidu indicated that AI-driven services are becoming an increasingly important part of its business strategy, with enterprise demand rising across sectors.

Despite the revenue dip, the company’s AI-powered divisions accounted for a larger share of overall performance, reflecting ongoing transformation toward technology-led growth.

Leadership reaffirmed commitment to sustained AI investment while also introducing new shareholder-focused initiatives, including plans for a dividend and continued share repurchases.

eBay Cuts Workforce by 6%

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eBay has announced plans to reduce its global workforce by approximately 6% as part of a broader effort to streamline operations and realign resources.

The move will affect around 800 roles and is aimed at improving efficiency while supporting the company’s evolving strategic direction. Leadership indicated that restructuring is intended to better position the business for long-term priorities.

The layoffs follow recent investments in growth areas, including secondhand fashion platforms that appeal to younger consumers.

This marks the third workforce reduction since 2023, reflecting continued adjustments in response to shifting consumer behavior and operational needs.

The decision highlights ongoing transformation across the e-commerce sector as companies adapt to changing market dynamics.