Reuters
Published Nov 09, 2021 04:38AM ET
Updated Nov 09, 2021 05:16AM ET
By Stephen Nellis
(Reuters) - Nvidia (NASDAQ:NVDA) Corp on Tuesday said it was partnering with a range of self-driving sensor companies, including lidar firm Luminar Technologies, to put together a system that automakers can use for driver safety features as soon as 2024.
Nvidia makes the computing chips and a software system for autonomous vehicles. But the Silicon Valley-based company largely left the selection and integration of the various sensors that help a car perceive its environment up to automakers.
Nvida shifted course on Tuesday and selected a variety of sensor partners for a system, including those from Hella, Valeo (PA:VLOF), Continental AG (OTC:CTTAY) and Sony (NYSE:SONY) Group Corp. Automakers will still be able to choose other sensors, but Nvidia will ensure the ones from its partners work well with its chips and software.
"It really doesn't make a whole lot of sense for every OEM to try and develop their own software stack from scratch," Austin Russell, chief executive of Luminar, one of the suppliers, told Reuters. "I think Nvidia will see a lot of success here because there's someone OEMs can depend on to deliver the right stack without having to spend tens of billions of dollars to get there."
The approach brings Nvidia closer to chip rivals Intel Corp (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) Inc. Intel's Mobileye (F:0ME) unit sells a system of software, chips and sensors to automakers, and Qualcomm will have a similar full suite of offering with its $4.5 billion purchase of Veoneer (NYSE:VNE) Inc.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.