On Thursday (October 23rd), Nvidia announced its collaboration with Uber on self-driving car development. Uber's stock price rose 3.5% that day.
Nvidia posted a message on its social media platform, X, detailing how the two companies are collaborating to advance self-driving technology.
According to Nvidia, the collaboration focuses on leveraging the extensive real-world driving data collected by Uber from various scenarios, including airport transfers, complex intersections, and varying weather conditions, to train Nvidia's Cosmos World foundational model.
Nvidia will leverage its DGX Cloud infrastructure to accelerate development. This collaboration marks the continued commitment of both companies to leading the field of self-driving car technology.
The collaboration reportedly aims to achieve three major technical goals:
- Achieve higher-precision simulations and significantly reduce anomalies;
- Shorten the iteration cycle after model training to support scalable Machine Learning Operations (MLOps);
- Ensure more stable and reliable model performance in rare or extreme scenarios.
Uber's Data Advantage
Uber Technologies Inc. is a technology services provider that matches riders with drivers, customers with restaurants and delivery drivers, and shippers with carriers. The company's on-demand delivery technology platform is currently used not only by traditional cars but also by autonomous vehicles, and may be applied to a wider range of products and services in the future, such as drone delivery and electric vehicle takeoff and landing (eVTOL) transportation.
Uber currently operates in over 70 countries and has over 180 million users. With a market capitalization of $196.91 billion, it is a highly influential company in the technology sector, particularly in the software industry. Its strategic positioning and large user base provide it with a strong platform for growth and innovation.
Following Nvidia's announcement of the partnership, Uber's stock price climbed to an intraday high Thursday afternoon, rising as much as 3.5% before paring gains.
The positive market reaction suggests that investors view the partnership as a valuable strategic move that will strengthen Uber's competitive position in the evolving transportation landscape.