Nvidia is ranked by market experts as a key company to benefit from the massive adoption of self-driving car technology. Tesla is the only major company to ditch Nvidia’s technology in favor of its own. Nvidia has 370 partnerships in the automotive sector.
Nvidia’s (NVDA) success in AI-powered self-driving technology has secured 370 partners in the global automotive industry.
NVIDIA has developed DRIVE AGX, an end-to-end autonomous driving platform that captures and analyzes massive amounts of data from in-vehicle sensors to provide environmental sensing, route planning and driver control. The DRIVE AGX Orin processor, which will appear in premium Mercedes-Benz cars and Nio electric vehicles (NIO) in 2022, delivers an unprecedented 254 Trillion Operations Per Second (TOPS) and scalability.
In addition to the scalability of the technology, the Nvidia DRIVE AGX platform will receive continuous software updates.
“NVIDIA’s long-term commitment to the transportation industry, along with its innovative end-to-end platform and tools, has resulted in a vast ecosystem – virtually every self-driving technology company uses NVIDIA in their computing stack,” said Sam Abuelsamid, chief analyst at Navigant Research.
“Orin looks to be a significant step forward that should help open the next big chapter in this story of ever-improving technology.”
While Tesla (TSLA) has ditched its partnership with Nvidia in favor of its own autonomous driving technology, other EV makers have followed in the footsteps of Nvidia’s products.
Nvidia’s automotive division is working on autonomous driving technologies with Volkswagen, Audi, Toyota, Hyundai, Volvo, Mercedes, as well as Tesla’s Chinese competitors Nio, Li Auto and Xpeng.
Given that automakers plan to provide autonomous driving through a subscription model (similar to Tesla), Nvidia could receive licensing fees that, with a massive launch of autonomous taxi fleets and private cars, would create a major regular revenue stream for the company.
Volkswagen’s recent major miscalculation in the software for its ID.3 electric vehicles resulted in losses and proved the importance of remotely updated software for vehicles.
Although the German manufacturer spent $ 50 billion to build a Tesla rival, due to software bugs, Volkswagen was forced to withdraw 50,000 ID.3s last week to manually correct software errors by technicians.