The actions ofArbe Robotics Ltd. (NASDAQ:ARBE) rose after the company partnered with NVIDIA Company (NASDAQ: NVDA) to enhance headspace mapping and capabilities in the automotive industry through artificial intelligence (AI) and radar mapping.
The goal of this collaboration is to advance vehicle safety and autonomy, and Arbe is expected to showcase its ultra-high definition radar technology at CES 2025.
The company said its radar technology offers a “large, unified perception model” that integrates radar data into OEM systems for autonomous driving. It provides precise mapping of passable areas in difficult conditions, detecting low obstacles, small objects and non-reflective targets.
Additionally, the technology offers high-resolution tracking, object classification, and simultaneous localization and mapping.
The system provides real-time detection of occluded objects and eliminates multipath reflections, improving overall perception accuracy.
In November, Arbe reported a third-quarter adjusted EPS loss of $0.13, missing the estimate by $0.11, and revenue of $123,000, missing the estimate by $450,000. .
Price Action: When last viewed Monday, ARBE shares were up 41.1% at $3.71.
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