Nvidia is introducing new technology. It wants to expand its automotive industry reach, such as a virtual driving assistant capable of parking a standard car and a system for accelerating autonomous vehicle training.
Nvidia Chief Executive Jensen Huang announced a new system called Drive Concierge as part of its fall new product event. It is centered on its “Omniverse” simulation technology. It uses Nvidia hardware and artificial intelligence software to provide a variety of services, including autonomous driving. Another extension of the Omniverse strategy will be the “Omniverse Replicator,” a system that will simplify and accelerate the tasks required to create a virtual world for training automated vehicles.
Nvidia is the world’s most powerful graphics and artificial intelligence chips manufacturer. It has been pushing for years to develop technology for computer gaming and pictures in the automotive industry.
Nvidia is now attempting to capitalize on the intense competition among automakers to develop vehicles that can drive themselves while also providing sophisticated entertainment and information to the humans on board. Moreover, the company is developing high-powered chips and software for cars and selling technology. It can produce a highly detailed simulation of a factory to assist manufacturers in saving money when constructing new plants. It can create a simulated universe in which a robotaxi or self-driving truck can learn to drive.
The partnership between Mercedes and Nvidia
Nvidia has now booked $8 billion in automotive revenue over the next six years. These include income from automated trucking and robotaxi companies. Several automakers have collaborated with Nvidia to catch up to Tesla Inc’s lead in software-driven features. These include Daimler AG’s Mercedes-Benz luxury vehicle brand, Volvo Car AB, and Nio.
In June 2020, Mercedes and Nvidia announced a collaboration to develop a new generation of Mercedes vehicles, including Nvidia’s Nvidia Drive Orin AGX platform. It will provide autonomous driving and other functions. The first of these Mercedes vehicles is going on sale in 2024.
U.S. stock futures
U.S. stock futures were mostly unchanged after Wall Street’s benchmark S&P 500 index, and the Nasdaq reached new all-time highs for the eighth time in a row. On the other hand, market analysts are eagerly awaiting the release of U.S. consumer prices data on Wednesday. A higher than expected reading would reignite talk of the Federal Reserve raising interest rates sooner than expected.
The 10-year Treasury note yield has fallen to 1.4793 percent. Moreover, the German 10-year bund, the eurozone’s benchmark, fell slightly to -0.254 percent.
Furthermore, the dollar index, which compares the value of the U.S. dollar to a basket of six currencies, fell 0.06 percent to 94.00. The Japanese yen has risen to a one-month high.