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Nvidia raises the self-driving, AI and business, with Volvo trucks deal

STOCKHOLM (Reuters) – sweden’s AB Volvo, is joining forces with Nvidia to develop an artificial intelligence be used in a self-driving trucks, in a boost for the U.S. chipmaker, which was dumped by the Model last year.

FILE PHOTO: the Volvo logo is pictured at its booth during the 87th International Motor Show at the Palexpo in Geneva, Switzerland, on March 7, 2017. REUTERS/Denis Balibouse

The agreement, announced on Tuesday, due to Nvidia’s Volvo, the world’s second-largest truckmaker, after Daimler ag, is a long-term relationship over a number of years. The work will begin in Gothenburg, Sweden and Santa Clara, California, usa.

Volvo, which demonstrated its first autonomous truck last year, he said, the partnership would be the development of a flexible, scalable, and self-driving system, which is planned to be used in the pilot projects to commercial implementation.

“The resulting system has been developed for the safe use of fully autonomous driving on public roads and highways,” the company said in a statement.

Nvidia, known for its powerful gaming, graphics chips, is aggressively expanding into the automotive area, where the trucks are, with their fixed routes, which are easier to automate than cars to navigate through traffic and can lead the way in self-driving.

The potential demand is strong in the United States in particular, where there is a shortage of truck drivers is pushing up freight charges.

Together with Intel, Nvidia, which dominates the fast-growing COMPUTER-chip market.

THE PILOT PROJECT

Nvidia, which previously announced a technology partnership with the car manufacturers such as Volkswagen, impressive mercedes-Benz and Toyota, said it was thrilled to work with Volvo.

“With the recent advancements in AI and robotics, will bring a new level of intelligence and automation to the transportation challenges that we face,” said Nvidia’s Chief Executive, Jensen Huang.

Volvo said last week that the self-propelled truck, “Vera”, beginning with the transport of goods, a logistics centre and a terminal in the port of Gothenburg, in cooperation with a logistics company DFDS, made a first step in the direction of activities in the public right of way here

Nvidia’s so-called Drive-sign of the Zodiac and chips, often with the power of machine learning can be used for fine-tuning of the self-driving car’s software and the algorithms within the data centers, the company has also been working to build the chips in the cars.

Automotive chips, for $641 million, based on Nvidia’s $11.7 billion in revenue in its most recent fiscal year.

Tesla was a big customer for Nvidia’s automotive chips, but in the last year, CEO Elon Musk said the electric-car pioneer in the development of their own state.

AB Volvo’s and Nvidia’s collaboration will be based on Nvidia’s full-featured software package for the sensor, the controller, and the perception of the map of the location and path of the schedule.

Reporting by Johannes Hellstrom; Writing by Georgina Prodhan; Editing by Keith Weir

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