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Nvidia, Continental AG team up on self-driving vehicle project

Feb. 05, 2018 9:38 AM ETNVIDIA Corporation (NVDA) StockNVDA, CTTAF, CTTAYBy: Brandy Betz, SA News Editor4 Comments
  • Nvidia (NASDAQ:NVDA) and Continental AG (OTCPK:CTTAF, OTCPK:CTTAY) team up to develop an autonomous vehicle system based on Nvidia’s Drive AI platform.
  • Last month, Nvidia said 320 companies are involved in developing self-driving cars using Drive. Those companies include Uber, Volkswagen, Tesla, and Baidu.
  • Continental also works with Baidu on a self-driving program and is part of an automaker consortium working on full autonomous driving systems. The BMW-led consortium also includes Fiat Chrysler and Intel vision systems subsidiary Mobileye. 
  • The Nvidia-Continental system will include the auto supplier’s sensors and will be introduced in 2021.  
  • Nvidia shares are down 4.3%.   
  • Previously: Citron takes aim at Nvidia; shares down 3% (Feb. 2)

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