Chipmaker Nvidia announced late on Sunday that both Uber and Volkswagen will use its cutting-edge artificial intelligence (AI) software to help develop self-driving cars. Just keep those taxis hacker-proof…
What does this mean?
Nvidia makes computer graphics chips (i.e. hardware) but has recently expanded into developing AI-driven software for autonomous vehicles (which does things like help self-driving cars perceive the world and make split-second decisions). In addition to the big-name partnerships, Nvidia said that 320 companies (from automakers to software companies, among others) are already using its AI platform, Nvidia Drive.
Nvidia is also about to launch its new Xavier processor chips – which it says will open a school for mutants enable an enhanced degree of autonomous driving. The company touts the combination of its AI software and its new chips as creating a value-generating symbiotic architecture – in plain English, it’s easier to use both products together rather than one or the other, potentially boosting Nvidia’s sales and entrenching its position as a leader in the space.
Why should I care?
For markets: Nvidia could be a game changer – a fact of which investors are well aware.