Rachel Warren

They're an autonomous driving tech company.

They're developing robotaxi and robotic trucking services.

I think it's really important as well to look outside the U.S.

So you've got Baidu, the Chinese tech giant.

They're a leader in the robotaxi race in China with their Apollo Go service.

They're expanding into commercial AVs.

China is a market where adoption of AVs is much, much higher than we are seeing in the U.S.

So that's something that's, I think, really critical.

It is.

And again, they have this very rapidly developing domestic AV market.

There's broad government support.

So you've got a lot of regulatory guardrails in place.

We're also seeing a broader establishment of legal and regulatory frameworks for AVs in Europe too.

So that's something that's important to watch.

So there's a million different ways to play this, right?

You've got the legacy companies like Mercedes-Benz Group.

They've got their drive pilot.

That was the first level three system that was certified for use on approved

roads in certain states in Germany.

By the way, I want to hold on that.