KraneShares AI ETF AGIX invests in private autonomous driving tech firm Nuro, expanding AI exposure.

KraneShares' AI & Technology ETF (AGIX) has invested in Nuro Inc., a private company specializing in Level 4 autonomous driving technology. Nuro, founded by former Google engineers, has driven over 1.7 million miles autonomously without at-fault incidents and holds a unique U.S. regulatory exemption. The company recently shifted to licensing its autonomous driving system to automakers like Lucid Motors, with Uber planning to deploy over 20,000 Lucid EVs using Nuro's tech by late 2026. This investment enhances AGIX's AI exposure by including a key player in real-world autonomous mobility, reflecting a strategic move into AI-driven physical systems with commercial potential.