Baidu, Inc. (NASDAQ:BIDU) on Tuesday announced a significant partnership with Uber Technologies, Inc. (NYSE:UBER) to bring its Apollo Go autonomous ride-hailing service to Dubai.

Baidu and Uber’s Strategic Dubai Launch

Baidu and Uber revealed plans to integrate the Apollo Go service into the Uber platform in Dubai, with a launch expected in the coming month.

This partnership aims to leverage Uber’s extensive network to enhance consumer access to autonomous technology, aligning with Dubai’s goal of having 25% of all transportation trips be autonomous by 2030.

The Apollo Go service has already logged over 240 million autonomous kilometers globally, with more than 140 million kilometers completed in fully driverless mode.

This expansion follows a recent announcement to bring the service to London, showcasing Baidu’s commitment to scaling its autonomous operations internationally.

Baidu’s Stock Performance and Technical Indicators

Currently, Baidu’s stock is trading 2.8% below its 20-day simple moving average (SMA) but is 11.7% above its 100-day SMA, demonstrating longer-term strength. Shares have increased 56.60% over the past 12 months and are currently positioned closer to their 52-week highs than lows.

The RSI is at 51.79, which is ...