- The service would be scaled across 28 cities globally by 2028, the company added.
- The vehicles will be powered by Nvidia’s autonomous vehicle platform called DRIVE Hyperion and will have at its center Nvidia’s reasoning-based AI model for autonomous vehicles called Alpamayo.
- These vehicles will be from leading original equipment manufacturers, Uber said, without naming any in particular.
Shares of Uber Technologies, Inc. ( UBER) edged up about 2.5% after hours on Monday after it announced an expansion of its previously announced autonomous vehicle partnership with tech giant Nvidia involving the deployment of more robotaxis on its platform.
Uber said in a statement that it plans to launch a global fleet of entirely NVIDIA software-driven autonomous vehicles, starting in Los Angeles and San Francisco in the first half of 2027. The service would be scaled across 28 cities globally by 2028, the company added.
At The Core
The vehicles will be powered by Nvidia’s autonomous vehicle platform called DRIVE Hyperion and will have at its center Nvidia’s reasoning-based AI model for autonomous vehicles called Alpamayo, the companies said.
The company expects to deploy the vehicles in 28 cities across North America, Europe, Australia, and Asia. These vehicles will be from leading original equipment manufacturers, Uber said, without naming any in particular.
Deployment Strategy
Uber said that Nvidia and Uber will implement a strategy wherein in each city it would begin with a fleet of data-collection vehicles. This will help train Alpamayo on the nuances of the city, following which the vehicles will be deployed with an operator, before transitioning to fully driverless autonomous driving.
“By expanding our partnership with NVIDIA and combining advanced AI with Uber’s global network and operating experience, we are laying the foundation for an increasingly multi-player AV world…,” Uber CEO Dara Khosrowshahi said.
Under the leadership of Khosrowshahi, Uber has built partnerships with different autonomous driving companies including Waymo, WeRide and Pony AI, instead of building its own technology.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around UBER stock rose from ‘bullish’ to ‘extremely bullish’ territory over the past 24 hours, while message volume increased from ‘normal’ to ‘high’ levels.
A Stocktwits user applauded UBER as a “long term hold.”
UBER stock has gained 3% over the past 12 months.
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