Daily AI Fintech AI Daily Brief – Wednesday, November 5, 2025

Today, we explore Baidu's significant milestone in the autonomous vehicle sector as it matches Waymo's earlier achievements, alongside other notable developments in the financial and tech industries.

Main Story

Baidu's robotaxi service has reached a significant milestone, achieving 250,000 rides per week. This achievement puts Baidu on par with Alphabet's Waymo, which reported similar numbers this past spring. The milestone underscores the rapid growth and adoption of Baidu's autonomous driving technology.

This development highlights Baidu's progress in the competitive autonomous vehicle market, showcasing its capability to match industry leaders in terms of service scale and technological advancement.

Also Today

• Warren Buffett may have cut Berkshire's stake in Apple again in the third quarter — Speculation arises as Berkshire Hathaway potentially reduces its Apple holdings.
• Berkshire's operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion — A strong performance from Berkshire with notable financial strategies.
• Compliance as competitive edge in embedded finance — Exploring how regulatory compliance can enhance competitiveness in finance.
• JPMorgan prospers on payments — JPMorgan Chase reports strong performance driven by its payments division.
• Executive Shuffle: Fiserv, Mastercard and DailyPay — Key executive changes in major financial firms.

Why It Matters

Baidu's progress in the robotaxi market signals increasing competition in the autonomous vehicle industry, potentially accelerating the development and deployment of self-driving technology globally. The comparison to Waymo highlights the rapid advancements in China's autonomous driving sector.