Nvidia teams up with Volkswagen and Uber in Self Driving Technology

Graphics chips designer, Nvidia Corp is going to partner with Uber, Volkswagen and Baidu, Chinese web Service Company to develop self-driving cars. This is an attempt by Nvidia’s artificial intelligence unit to expand into the autonomous vehicle trade. The company is already in trusts with carmaker Tesla for creating the technology of driverless cars.

At 2018, Consumer Electronics Show held in Las Vegas, CEO of Nvidia Jensen Huang announced that the instantaneous decisions taken by Uber’s self-driving cars operate on Nvidia technology. Since their first test on Volvo SC90 SUVs in 2016, Uber has been utilizing Nvidia’s GPU (graphics processing unit) computing system. Talking about the progress of Uber’s autonomous driving program, Nvidia claimed that in the past 100 days, one million miles had been covered. Huang also revealed that self –driving start-up Aurora will be using Nvidia’s latest Xavier processor in their vehicle systems. The Xavier processor which is also called as Volta is a highly advanced form of artificial intelligence with a faster and comprehensive structure. In the coming months, Nvidia will distribute powerful processors that will entail 30 trillion operations per millisecond with the usage of only 30 watts of power supply.

Volkswagen is said to incorporate Nvidia’s Drive IX platform, an artificial intelligence technology in their upcoming cars. This mechanism will provide a smart co-navigator facility determined by sensor data inside and outside the car. Drive IX will enhance the car with features like unlocking through facial recognition, gesture controls and voice assistance.

Globally, around 320 companies, including software designers and automakers are working in collaboration with Nvidia towards developing the driverless technology. Charting its growth, this Silicon Valley company will emerge as a leader in chips for driverless vehicles, data houses and artificial intelligence.

 

Sources: CNBC, Reuters

Uber sells China operations to local rival

Giving up its expensive battle for China’s riders, Uber Technologies swapped its local operation for a stake in Didi Chuxing Technology Co according to The Wall Street Journal.

The global ride hailing giant will now own 20% of the home grown Didi, while the Chinese firm will invest $1 billion in Uber. It will now have a valuation of $36 billion after the agreement with Uber.

The agreement allows Uber China to keep it’s marketing and operations unchanged. Didi will help incorporate managerial and technological know-how of both companies according to CNBC.

American technology companies have struggled to make inroads in China, as the local rivals have a strong foothold on the consumer base. This merger by Uber is seen as an attempt to rebuild a brand after tying up with their bitter rivals.

This announcement comes a week after China legalized ride-hailing services. These new laws will come into force this November – and forbids the running of such services below cost.

This deals adds to Didi’s already growing list of technology companies as shareholders which include Alibaba, Tencent Holdings Ltd and Baidu.

 

Sources: CNBC, WSJ