Analysis: 14 self-driving vehicle tech companies that went public in the past two years have seen an 80%+ average decline in their post-IPO stock price (Joanna Glasner/Crunchbase News)

Joanna Glasner / Crunchbase News:
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn  —  Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.

Joanna Glasner / Crunchbase News:
Analysis: 17 VC-backed Chinese companies that went public on Nasdaq and NYSE in the past 2 years have seen a ~91% average decline in their post-IPO stock price  —  Even before this past week, shares of China-based companies that went public on U.S. exchanges in recent years were performing terribly overall.

Kirsten Korosec / TechCrunch:
Helm.ai, which uses an unsupervised learning approach to its autonomous driving software, raised a $31M Series C led by Freeman Group at a $431M valuation  —  A few bright spots remain in the autonomous vehicle industry even amid macroeconomic headwinds that have nearly shut off the spigot …

Kirsten Korosec / TechCrunch:
Helm.ai, which uses unsupervised learning to train models for its autonomous driving software, raised a $31M Series C led by Freeman Group at a $431M valuation  —  A few bright spots remain in the autonomous vehicle industry even amid macroeconomic headwinds that have nearly shut off the spigot …

Mark Gurman / Bloomberg:
Sources: Apple scales back ambitious self-driving plans for its electric vehicle, now delayed to 2026 with a design that includes a steering wheel and pedals  —  Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date …

Gené Teare / Crunchbase News:
Analysis: AI startup funding has been around 9%-10% of global VC investment in recent years, led by robotics, autonomous vehicles, and enterprise software  —  Editor’s note: In this four-part series, we explore the impact of artificial intelligence startups on multiple sectors.