Uber stock rises on Nvidia pact

Investing.com -- Uber Technologies (NYSE:UBER ) shares have risen by 3.5% in premarket trading Tuesday after the company announced it has teamed up with Nvidia Corporation (NASDAQ:NVDA ) to accelerate autonomous mobility. 

They explained that the collaboration aims to accelerate the development through the integration of Nvidia’s advanced AI platforms.

The joint initiative will leverage Nvidia’s Cosmos platform and DGX Cloud, designed to enhance the efficiency and scalability of AI-powered autonomous driving systems. 

Dara Khosrowshahi, CEO of Uber, said the partnership is important to expedite the safe deployment of autonomous mobility solutions. 

“Generative AI will power the future of mobility, requiring both rich data and very powerful compute,” Khosrowshahi stated.

Uber’s extensive network, which facilitates millions of trips daily, provides a vast data resource that will be instrumental in developing robust AI models. 

The partnership seeks to harness this data using Nvidia’s cutting-edge Cosmos platform and DGX Cloud.

Nvidia’s Cosmos platform offers generative models, tokenizers, and data processing tools specifically tailored for physical AI systems like autonomous vehicles. 

It aims to lower the barriers to AI development, democratizing access to advanced tools. Meanwhile, the DGX Cloud is a high-performance AI platform providing flexibility and productivity for AI model development across multiple cloud environments.

Norm Marks, vice president of automotive at Nvidia, said, “Uber is one of the first mobility leaders to embrace these platforms to accelerate the development and deployment of physical AI systems such as AVs.”

Source: Investing.com