#AIEye
#Podcast 507: NVIDIA (NasdaqGS: $NVDA) DRIVE Orin SoC Selected by NIO (NYSE:
$NIO) for Automated Driving Capabilities, Baidu (NasdaqGS: $BIDU) Plans
Intelligent Electric Vehicle Production and Partners with Automaker Geely
Global
Autonomous Vehicles Market to Reach $2.04 Trillion by 2030
Point Roberts WA, Vancouver BC – January 12, 2021 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence
Listen
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https://www.investorideas.com/Audio/Podcasts/2021/011221-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/01121NVDA-NIO-BIDU.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NVDA) (NYSE:NIO) (NasdaqGS:BIDU)
NVIDIA Corporation (NasdaqGS:NVDA) has announced that Chinese automaker NIO Limited (NYSE:NIO)
has “selected the NVIDIA DRIVE Orin system-on-a-chip (SoC) for its new
generation of electric vehicles, which will offer advanced automated driving
capabilities.” Specifically, NVIDIA DRIVE Orin will be employed in Adam, NIO’s
supercomputer that will “first appear in the ET7 sedan that will ship in China
starting in 2022.” NVIDIA founder and
CEO, Jensen Huang, said:
“Autonomy
and electrification are the key forces transforming the automotive industry. We
are delighted to partner with NIO, a leader in the new energy vehicle
revolution—leveraging the power of AI to create the software-defined EV fleets
of the future.”
Baidu, Inc. (NasdaqGS:BIDU) plans to establish a company to produce
intelligent electric vehicles (EV), and that it has entered into a strategic
partnership with multinational auto manufacturer Zhejiang Geely Holding Group.
Robin Li, Co-founder and CEO of Baidu, said:
“At
Baidu, we have long believed in the future of intelligent driving and have over
the past decade invested heavily in AI to build a portfolio of world-class
self-driving services. China has become the world's largest market for EVs, and
we are seeing EV consumers demanding next generation vehicles to be more
intelligent. As a top Chinese automaker with global reach, Geely has the unique
experience and resources to design, produce and market energy-efficient,
reliable and safe automobiles in large scale. We believe that by combining
Baidu's expertise in smart transportation, connected vehicles and autonomous
driving with Geely's expertise as a leading automobile and EV manufacturer, the
new partnership will pave the way for future passenger vehicles."
Global
Autonomous Vehicles Market to Reach $2.04 Trillion by 2030
A report published by Research and Markets finds that the global
Autonomous Vehicle market will grow from $54.21 billion in 2019 to $2.04
trillion by 2030 with a compound annual growth rate (CAGR) of 39.1 percent in
the forecast period 2020-2030. An excerpt from the report description outlines
some key factors influencing the market’s growth:
The
growth of the automotive vehicles market is attributed to the rising number of
benefits offered by unmanned vehicle as compared to traditional vehicles such
as reduced road-crash risk, enhanced safety & security, elimination in
driver wages, secured mobility for disabled individuals and non-drivers, and
increased comfort and flexibility offered by seamless operative systems.
However,
high component costs, high software and hardware maintenance updates,
increasing incidences of cyber-attacks hacking the operating systems are likely
to hamper the market. On the other hand, increasing investments by regulatory
bodies in digitization, adoption of advanced infrastructures in smart cities,
high usage of smart gadgets and smart automotive, technological evolution, high
standard of living, and increasing per capita income are creating growth
opportunities for the autonomous vehicle market.
Sam Mowers, Investorideas.com
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