Nvidia (NVDA) Stock: Partners With Uber to Fast-Track Self-Driving Technology

TLDR

• Nvidia announced a collaboration with Uber to develop autonomous vehicle technology using real-world driving data
• The partnership uses Uber’s driving scenarios including airport pickups, complex intersections, and variable weather conditions
• Nvidia is post-training its Cosmos World Foundation Models using Uber’s data on DGX Cloud infrastructure
• Uber stock rose 3.5% to a session high following the announcement on Thursday afternoon
• Analysts give Nvidia a Strong Buy consensus with a price target suggesting 23.5% upside potential

Nvidia announced a collaboration with Uber on October 23 to advance autonomous vehicle development. The partnership was revealed through a post on social media platform X.

The collaboration focuses on training foundation models using Uber’s extensive real-world driving data. This data comes from diverse scenarios collected during actual rides.

Nvidia is leveraging data from airport pickups, complex intersections, and various weather conditions. The company is using this information to post-train its Cosmos World Foundation Models.

NVIDIA Corporation, NVDA

The training takes place on Nvidia’s DGX Cloud infrastructure. This platform provides the computing power needed to process large amounts of driving data.

The goal is to improve realism and safety in autonomous driving systems. Nvidia wants to create better simulations with fewer errors.

The partnership aims to deliver high-fidelity simulation capabilities. It also focuses on faster post-training cycles with scalable machine learning operations.

Enhanced model performance in rare and edge-case conditions is another priority. These unusual situations are often the most challenging for self-driving technology.

Market Reaction

Uber’s stock climbed 3.5% to a session high on Thursday afternoon following the announcement. The shares gained momentum after Nvidia shared details about the collaboration.

Investors viewed the partnership as a valuable strategic move. The market reaction suggests confidence in Uber’s competitive position.

Nvidia stock also performed well this week. The company received a Strong Buy consensus from Wall Street analysts.

The analyst price target suggests a 23.5% upside potential for Nvidia shares. This reflects optimism about the company’s future performance.

Nvidia’s Autonomous Vehicle Push

Nvidia is expanding its presence in autonomous vehicle technology. The company is known for its powerful computing platforms.

The Cosmos World Foundation Models represent Nvidia’s approach to AI training. These models learn from real-world data to improve their performance.

By working with Uber, Nvidia gains access to a massive dataset. Uber’s rides generate millions of miles of driving data across different conditions.

This data includes challenging scenarios that are hard to replicate in controlled environments. Real-world variability helps train more robust AI systems.

Nvidia is also investing in related robotics technology. The company is supporting startups like Lila Sciences to advance AI-controlled robotic tools.

The partnership with Uber represents a practical application of Nvidia’s cloud computing power. The DGX Cloud infrastructure can handle the intensive processing required for AI model training.

The post Nvidia (NVDA) Stock: Partners With Uber to Fast-Track Self-Driving Technology appeared first on CoinCentral.