Nvidia Corporation (NASDAQ:NVDA) gathered some steam Wednesday, on word Daimler AG will work on creating an automated driving system with Nvidia for the former’s Mercedes vehicles, after a similar joint agreement with fellow German auto giant Bayerische Motoren Werke AG was suspended..
Nvidia announced Tuesday that the artificial intelligence-based automated driving system would be ready in 2024.
According to the chipmaker's statement, the main feature of the system would be the ability to automate the driving of regular routes from address to address.
The system will be used in the next generation of Mercedes-Benz vehicles.
According to Nvidia, the focus of the system is safety. Each vehicle that uses the automated driving system can be updated over the air and enhanced with new driving functions.
The Nvidia-Mercedes partnership comes a mere four days after Mercedes and BMW announced they had halted a joint deal to develop an autonomous driving system citing lack of opportune timing.
"While a self-driving vehicle will most certainly be a tangible thing," say experts, "it's the software that controls it that's really important. And on this front NVIDIA shines. The company has built an autonomous vehicle platform called DRIVE using its graphics processing unit technology, a service that reports under NVIDIA's fast-growing data center segment.
"DRIVE is a cloud-based platform that allows the company's partners to train AI software algorithms in a virtual environment before deploying the system to a car for real-world testing."
NVDA shares gained $2.28 Wednesday to $380.28.
Tech Insider
