Tesla Earns Fitch BBB Rating as 2026 AI Capex Tops $25 Billion

Coco Robotics and Deliveroo have announced an exclusive partnership to bring autonomous robot deliveries to towns and cities across the UK, marking Coco's UK debut and Deliveroo's first use of autonomous delivery vehicles in the country. The rollout begins in London's Canary Wharf this October, followed by Milton Keynes, Leeds, Stockton on Tees and Nottingham in the coming weeks and months. Consumers will initially order from merchants including Patty&Bun, Signorelli and Beam in Wood Wharf, with the service area later expanding to Ole & Steen, Royal China and Din Tai Fung, while Milton Keynes will include Smoke and Pepper among others. The multi-city rollout extends Coco's broader expansion across Europe and will be backed by local investment in UK operational infrastructure, creating new skilled jobs in operations, maintenance and logistics supported by new depot and charging facilities. The partnership builds on Coco's existing collaborations with DoorDash and Wolt across cities including Los Angeles, San Jose, Chicago, Miami, Washington D.C. and Helsinki, and Coco is also in discussions with other councils across London and the UK.

Pony.ai and its Croatian partner Verne have launched fully driverless robotaxi trials in Zagreb, the company's first such deployment in Europe. The service runs on public roads in Croatia's capital and is integrated with the Uber app for ride hailing. The Zagreb launch extends Pony.ai's autonomous ride service beyond its existing markets and gives the company a live European proof point for its joint deployment model, in which partners fund fleets while Pony.ai concentrates on Level 4 software and operations. Pony.ai, a US based software group focused on autonomous mobility in China and overseas, has a market cap of $2.8b, placing it in the mid sized bracket of global automation players. Investors can watch upcoming disclosures on paid ride volumes, fleet count and contribution margins from joint deployments like Zagreb to see whether unit economics in new cities start to resemble improving metrics already reported in Guangzhou and Shenzhen.

Micron CEO Sanjay Mehrotra said on the company's Q4 earnings call that physical AI, starting with self-driving cars and expanding to humanoid robots, could become a significant driver of memory and storage demand by the end of this decade. In its Q4 report on Wednesday, Micron reported earnings per share of $33.42, up 1,002% from $3.03 in the same quarter last year, while revenue climbed 379% to $54.23 billion from $11.31 billion in Q4 2025. Mehrotra said memory content in level 4 and higher autonomous vehicles typically exceeds 200 gigabytes, with storage reaching multiple terabytes, each more than an order of magnitude greater than in today's level two plus and level three semi-autonomous vehicles. He added that humanoid robots will have similar memory and storage requirements, which could serve as an additional revenue opportunity. Companies working on humanoid robots include Tesla, Figure, Hyundai's Boston Dynamics, Unitree Robotics, and Agility Robotics, though Reuters reported only 7,000 humanoid robots were sold globally in 2025 for industrial and professional services.