🚨 Wayve just scored a major production deal with Mercedes-Benz! The two companies signed a definitive agreement to integrate Wayve’s AI Driver into future Mercedes vehicles. Wayve says its system is already integrated into Mercedes’ production architecture using Mercedes hardware and MB.OS, with testing underway across Germany, the US, and the UK. That’s a big step for end-to-end AI driving. @wayve_ai is moving from proving the tech works to getting it into real production cars.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Volvo Expands $NVDA NVIDIA Partnership to Develop Next-Generation Autonomous Driving Technology 👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: ➤ 𝗩𝗼𝗹𝘃𝗼 𝗖𝗮𝗿𝘀 expands partnership with 𝗡𝗩𝗜𝗗𝗜𝗔 for advanced autonomous driving. ➤ Collaboration integrates 𝗡𝗩𝗜𝗗𝗜𝗔 𝗛𝘆𝗽𝗲𝗿𝗶𝗼𝗻 sensor architecture and AI software. ➤ Initial deployment will focus on 𝘀𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗲𝗱 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 with driver responsibility. ➤ Volvo targets future 𝗵𝗮𝗻𝗱𝘀-𝗳𝗿𝗲𝗲 driving on highways and urban roads. ➤ New technology is expected in Volvo vehicles 𝗯𝗲𝗳𝗼𝗿𝗲 𝟮𝟬𝟯𝟬. ➤ Deployment planned across 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁𝘀, excluding China. ➤ Advanced driving features won't be restricted to 𝗽𝗿𝗲𝗺𝗶𝘂𝗺 𝗩𝗼𝗹𝘃𝗼 𝗺𝗼𝗱𝗲𝗹𝘀. ➤ Volvo has not finalized its 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝗺𝗼𝗱𝗲𝗹 for automated-driving features. ➤ NVIDIA also partners with 𝗠𝗲𝗿𝗰𝗲𝗱𝗲𝘀, 𝗝𝗮𝗴𝘂𝗮𝗿 𝗟𝗮𝗻𝗱 𝗥𝗼𝘃𝗲𝗿, and 𝗛𝘆𝘂𝗻𝗱𝗮𝗶. 👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: ➤ Strengthens 𝗡𝗩𝗜𝗗𝗜𝗔's position in the rapidly expanding autonomous-driving ecosystem. ➤ Creates potential long-term demand for 𝗡𝗩𝗜𝗗𝗜𝗔 𝗔𝗜 𝗰𝗼𝗺𝗽𝘂𝘁𝗶𝗻𝗴 and software. ➤ Accelerates Volvo's transition toward 𝗔𝗜-𝗽𝗼𝘄𝗲𝗿𝗲𝗱, software-defined vehicles. ➤ Intensifies competition among automakers developing 𝗵𝗮𝗻𝗱𝘀-𝗳𝗿𝗲𝗲 and automated-driving systems. 👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁: 𝗔𝗹𝗶 𝗞𝗮𝗻𝗶, Automotive Chief at NVIDIA: "The most important functionality of autonomous driving assist technology is safety," Nvidia automotive chief Ali Kani said. "We believe that we're going to make the stack safer getting to work with Volvo."

Momenta — the “First Physical AI Stock” Officially Lists Today, the “first Physical AI stock” Momenta officially listed on the Hong Kong Stock Exchange. Its opening share price rose more than 6%, making it one of the most talked-about tech IPOs in the Hong Kong market this year. My first reaction was to check its cornerstone investor lineup: 14 institutions joined forces to underwrite it, with total cornerstone subscriptions of approximately HK$3 billion (about US$376 million). The quality of this lineup is rare among recent Hong Kong IPOs. What is “Physical AI”?
Momenta’s core weapon is its world model — the R7 world model, which entered mass production for the first time in April this year. It supports scaled deployment in passenger cars, Robotaxi, and Robovan, and will later expand into Robotruck and embodied intelligence. Simply put: digital AI (such as GPT) competes in text and images, while Physical AI competes in the physical laws of the real world — and this race has only just begun. Supporting this narrative are solid scale metrics: mass-produced vehicles have surpassed 1 million units, with the fastest delivery of 100,000 units completed in under 40 days. The “flywheel effect” is already in motion. Tech companies are often criticized for “high R&D and difficulty in turning a profit,” but Momenta has achieved explosive revenue growth this time, with cash reserves exceeding RMB 10 billion on its books. This breaks the curse and gives it the confidence to meet the allocation standards of top-tier long-term capital. On the capital side: How crazy was this round of subscription?
Both the public offering and international offering saw oversubscription. In the cornerstone list, GIC and Fidelity International led strongly, each investing US$100 million; BlackRock, Oaktree Capital, and Franklin Templeton followed — with Franklin Templeton appearing on a Hong Kong cornerstone list for the first time in history. On the industrial side it is even more solid, with Mercedes-Benz and BYD both increasing their stakes. The domestic camp includes top players such as Gaoyi, Boyu, China Asset Management, GF Fund, and Pacific Insurance, all of which participated. Long-term capital is famously selective in its taste — it wants hard assets that can ride through cycles and have proven commercial models. So many top institutions betting on one company at the same time shows that the market already regards Momenta as a core, unavoidable target in the AI track. In closing
It is uncommon in the Hong Kong market for a company to simultaneously win the unanimous endorsement of sovereign funds, global top asset managers, industrial giants, and Chinese private equity, mutual funds, and insurance capital. Whether the “GPT moment” of Physical AI will truly arrive still needs time to verify, but at least from the capital reaction to this IPO, the market has already cast its judgment with real money. I’ll end by borrowing a line from inside Momenta: “We hope to write the Eastern Silicon Valley legend together with all Chinese AI companies, embrace the world, and let the world embrace China’s technology.” Wishing Momenta — and all friends following this track — the same luck as its stock code: 688, smooth and prosperous! #PhysicalAI# #HongKongIPO# #AutonomousDriving# #Momenta# #EmbodiedIntelligence#