Mentioned:
Uber has become the most dominant ride sharing company in the world. Now, they are making a big push into self driving technology.
What’s happening:
- Uber (NASDAQ: UBER) and Nvidia (NASDAQ: NVDA) have announced a new partnership focused on developing new artificial intelligence models for self driving technology
The big idea:
- Uber and Nvidia plan to collaborate on building next generation artificial intelligence models together focused on making new breakthroughs in self driving technology
- Uber will provide their data from millions of daily trips to Nvidia’s DGX Cloud to be able to accelerate new insights and technology development around fully autonomous driving
Why it matters:
- There has been a race in the public markets to become the dominant player in autonomous vehicles, which was notably spurred by Tesla (NASDAQ: TSLA) unveiling their new fully self driving vehicle prototypes that are built without a steering wheel or gas pedal
Going deeper:
- Nvidia has been making a flurry of new bets on self driving technology lately, including just recently launching another partnership for autonomous driving technology with Arbe Robotics (NASDAQ: ARBE)
