Breaking: Nvidia Corporation (NASDAQ:NVDA) Made Huge Self-driving Car NewsDate Published: 2017-03-18
Written by Ophir Gottlieb
It's been a busy week in the world of self-driving cars, from Intel's acquisition of Mobileye, to Uber and Alphabet's Waymo high stakes lawsuit. But, missed in all the fuss was actual real news -- the undisputed leader, Nvidia Corporation (NASDAQ:NVDA), is making waves to further its lead in self-driving cars and turn the segment into a multi-billion dollar business.
We won't cover the full magnitude of Nvidia Corporation's story in this dossier, so today we will focus on the self-driving piece of Nvidia Corporation's story. First, context:
That's the anticipated growth, broadly, for self-driving featured cars industry wide. And here are the snippets from Nvidia Corporation's latest earnings call that pertain to this segment:
* Revenue grew to a record $128 million, up 38% year-over-year.
* One of the highlights at CES was the demonstration of our own autonomous car, dubbed BB8.
* Audi will deliver Level 3 autonomy in its A8 luxury sedan later this year.
* We also shared news at CES of our partnership with Mercedes-Benz to collaborate on a car that will be available by year's end.
* Tesla began delivering a new autopilot system powered by the NVIDIA DRIVE PX 2 platform in every new Model S and Model X, to be followed by the Model 3.
* Volvo started turning over the keys to initial customers of its Drive Me program. Its XC90 SUVs equipped with DRIVE PX 2 are capable of fully autonomous operation on designated roads.
That was already known -- and even just those pieces are enough to remind us that the bumbling Mobileye and an ancient Intel are hardly an issue for Nvidia Corporation. Alphabet Inc's (NASDAQ:GOOGL) Waymo could be a worthy competitor, but all voices from inside Silicon Valley say that Alphabet Inc isn't quite there yet.
The headlines may have received a lot of clicks and ad revenue, but they didn't cover the real news -- which is that the best and brightest is still Nvidia and it made real waves this week.
STORY I: TRUCKS
First, Nvidia Corporation (NASDAQ:NVDA) announced on March 16th, 2017 that its working with PACCAR, a leading global truck manufacturer, on developing solutions for autonomous vehicles. The collaboration was shared by NVIDIA Founder and CEO Jen-Hsun Huang during his keynote at the Bosch Connected World conference in Berlin (Source: Nvidia Blog).
If you're wondering if the self-driving truck world is really 'a thing,' we assure you, it is.
* There are 300 million trucks in the world.
* 1.2 trillion miles are driven every year.
Nvidia Corporation is "working to make every one of them safer with NVIDIA DRIVE PX AI computers, powered by deep learning."
But that was just one piece of news. There was even more.
STORY II: CARS
Just a day before that announcement, Nvidia Corporation announced a partnership with Bosch, the world's largest automotive supplier, through its news channel on its website.
The goal here is very clear: To develop artificial intelligence self-driving systems for mass market cars.
The Bosch AI car computer system will be based on next-generation NVIDIA DRIVE™ PX technology with Xavier, the upcoming AI car superchip, the world's first single-chip processor designed to achieve level-4 autonomous driving.
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Thanks for reading, friends. The author is long shares of Nvidia Corporation (NASDAQ:NVDA).