Nvidia turns to driver-assistance market as robo-taxis stall

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Nvidia Corp, whose semiconductors power data centers, autonomous cars and robots, said on Thursday it plans to enter the market for technology that helps cars with automated lane-keeping, cruise control and other driver-assistance features.

FILE PHOTO: A rendered image of the NVIDIA Orin chip, which is used for a new platform the company launched on Thursday that can support everything from safety driving technology all the way to self-driving technology for robotaxis, is seen in this undated handout image released to Reuters on May 13, 2020. NVINDIA/Handout via REUTERS

But such vehicles, some of which are known as “robo-taxis,” remain years away from mass adoption. Even before the coronavirus pandemic hammered the world economy, automakers such as General Motors Co and Ford Motor Co were dialing down their expectations for self-driving cars. Danny Shapiro, senior director of automotive at Nvidia, said the shift in strategy is aimed at meeting the existing needs of automakers that struggle with maintaining two systems - one for the driver assistance available today, and one for more advanced self-driving technology for the future.

“We have a single architecture that will enable the automaker to span every potential level of automation they want to deliver and put that software-updatable system in every single vehicle,” Shapiro said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blank-check company B. Riley Principal Merger Corp. II files for $200 million IPOB. Riley Principal Merger Corp. II filed for an initial public offering on Wednesday, with plans to offer 20 million shares priced at $10 each. The blank-check company will use the $200 million in proceeds to acquire a business. In its prospectus, the company said it has no specific business in mind, but will seek an established company with an aggregate enteprise value of about $400 million to $1.0 billion. B. Riley is sole underwriter on the deal. The company has applied to list on the New York Stock Exchange, under the ticker symbol "BMRG.U."
Source: MarketWatch - 🏆 3. / 97 Read more »

Hairstylists Want A Beauty Industry Bailout After Struggling To Get Financial Assistance During The Pandemic'I want to see them considering the beauty industry as a real industry worth saving,' said Mercedes Ortiz-Olivieri, who owns a salon in Washington DC.
Source: BuzzFeed - 🏆 730. / 51 Read more »