Pony AI, a Chinese autonomous driving startup, is preparing for an initial public offering (IPO) in the United States, aiming for a valuation of $4.6 billion. The company, which develops and operates self-driving fleets including trucks and robotaxis in both the U.S. and China, has raised $1.2 billion in funding at a prior valuation of $8.5 billion. In its financial disclosures, Pony AI reported a net loss of $209 million against $100 million in revenue for the first half of 2024. The upcoming IPO is notable as it will be below the price set during its last private funding round.