Self-driving Cars Are ComingDate Published: 2017-03-18
Written by Ophir Gottlieb
It's been a busy week in the world of self-driving cars, from Intel Corporation's (NASDAQ:INTC) acquisition of Mobileye, to Uber and Alphabet Incs (NASDAQ:GOOGL) 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 the NVDA 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." Here is a wonderful video that hits the high points and even has some cool musical scoring:
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).