Nvidia is sliding despite announcing a slate of self-driving car partnerships
Advertisement
Thomson Reuters
Advertisement
Nvidia's stock is down 1.35% at $150.10 a share despite the company announcing three separate self-driving-car related deals Tuesday morning.
The company announced the following three partnerships...
- Volvo Cars and Autoliv: The car manufacturer and Nvidia are partnering to develop "advanced systems and software for AI self-driving cars," according to a press release. The partnership hopes to produce production vehicles running Nvidia's Drive PX computing platform by 2021.
- ZF and HELLA: The second Nvidia announcement is aimed at safety. ZF, a large automotive supplier, and HELLA, a camera and sensor supplier, are partnering with Nvidia to develop AI technology that will score highly in the New Car Assessment Program certification. The system they are developing will be a combined hardware and software solution.
- Volkswagen: The partnership between Volkswagen and Nvidia is slightly less substantial than the other announcements. The two companies have agreed to share knowledge and data across their research divisions with the aim to accelerate Volkswagen's data lab's research in AI and deep learning automotive tech.
Ahead of Tuesday's announcements, Nvidia already had relationships with Audi, Baidu, Tesla, and Toyota.
The company is fighting rival Intel for ownership of the space. Intel recently bought autonomous-car hardware startup Mobileye and is partnering with BMW to develop its own self-driving car technology.
Advertisement
Nvidia is up 47.11% this year.
Click here to watch Nvidia's stock price in real time ...
Get the latest Nvidia stock price here >>
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador