Uber Technologies Inc. planned to invest in Pony AI Inc. (NasdaqGS:PONY)?s US initial public offering, which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with the matter said. Uber is seeking to buy more than $10 million of shares in Pony AI?s IPO, the people said, asking not to be identified discussing confidential information. The company may consider using Pony AI technology in a partnership outside of the US, one of the people said.

Deliberations are ongoing and the size of a potential investment hasn?t been finalised, they said. A representative for Uber declined to comment. Pony AI didn?t respond to a request for comment.