Investing.com — Stocks of Uber Technologies Inc (NYSE:) rose as much as 3.2% following the announcement of a strategic partnership with Nvidia Corp (NASDAQ:) to accelerate the development of autonomous driving technology.
This collaboration, revealed in a recent press release, aims to advance Uber’s capabilities in the autonomous vehicle (AV) space by leveraging Nvidia’s AI platforms. Uber CEO Dara Khosrowshahi said: “Generative AI will power the future of mobility, requiring both rich data and ultra-high computing power.” He believes that working with Nvidia will significantly accelerate the timeline for creating safe and scalable autonomous driving solutions.
Data from Uber’s millions of daily trips will be used in conjunction with Nvidia’s Cosmos platform and DGX Cloud to help VA partners build more robust AI models. Nvidia Cosmos is designed to eliminate cost and resource barriers in the development of physical AI systems, such as robots and autonomous vehicles. For its part, DGX Cloud offers a fully managed, high-performance AI platform that facilitates the development of AI models in multi-cloud environments.
Norm Marks, vice president of automotive at Nvidia, expressed excitement about the collaboration, saying Uber is among the first mobility leaders to adopt these platforms. This partnership is expected to equip the VA ecosystem with advanced tools and platforms, with more details to be shared later in the year.
-This strategic move by Uber reflects the company’s ongoing efforts to position itself at the forefront of the AV industry, an area that continues to captivate investor interest. The positive market reaction to this news highlights the importance of AI and AV technology in shaping the future of transportation.
The partnership is a clear signal of Uber’s commitment to innovation in the rapidly evolving field of autonomous driving, and it highlights the potential for transformative changes in the way people and goods are moved. With both companies expected to benefit from this collaboration, investors will closely monitor the impact this will have on Uber’s growth trajectory and its position in the competitive autonomous mobility landscape.
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