Uber Partners with Nvidia to Advance AI in Autonomous Vehicles
Key Highlights:
Uber Technologies (UBER) shares climbed in premarket trading on Tuesday following the announcement of a partnership with Nvidia (NVDA) to advance artificial intelligence (AI) in autonomous vehicles.
As part of the collaboration, Uber will utilize Nvidia’s Cosmos platform and DGX Cloud to enhance the efficiency of AI model development for its self-driving technology partners. This partnership aims to expedite the creation of safe and scalable solutions for autonomous driving.
Uber CEO Dara Khosrowshahi highlighted the critical role of AI, stating that "generative AI will power the future of mobility, requiring both rich data and very powerful compute." He also noted that the partnership with Nvidia will "supercharge the timeline for safe and scalable autonomous driving solutions."
Stock Performance:
Key Highlights:
- Uber and Nvidia are collaborating to accelerate the development of AI technology in self-driving cars.
- Uber will leverage Nvidia’s Cosmos platform and DGX Cloud to build more efficient AI models for autonomous vehicles.
- Uber CEO Dara Khosrowshahi emphasized the transformative role of AI in the future of mobility.
Uber Technologies (UBER) shares climbed in premarket trading on Tuesday following the announcement of a partnership with Nvidia (NVDA) to advance artificial intelligence (AI) in autonomous vehicles.
As part of the collaboration, Uber will utilize Nvidia’s Cosmos platform and DGX Cloud to enhance the efficiency of AI model development for its self-driving technology partners. This partnership aims to expedite the creation of safe and scalable solutions for autonomous driving.
Uber CEO Dara Khosrowshahi highlighted the critical role of AI, stating that "generative AI will power the future of mobility, requiring both rich data and very powerful compute." He also noted that the partnership with Nvidia will "supercharge the timeline for safe and scalable autonomous driving solutions."
Stock Performance:
- Uber shares have risen approximately 15% over the past year, boosted further by the announcement of an accelerated stock buyback plan unveiled on Monday.
- Nvidia shares, which hit an all-time high on Monday, gained an additional 2.5% in premarket trading after CEO Jensen Huang delivered remarks at CES in Las Vegas.