Blog Coverage NVIDIA Showcases its Compact AI Computer for Baidu’s Self Driving Cars

LONDON, UK / ACCESSWIRE / September 14, 2016 / Active Wall St. blog coverage looks at the headline from NVIDIA Corporation (NASDAQ: NVDA) as the company on September 12, 2016 revealed its compact artificial intelligence (AI) computer at the GPU Technology Conference at Beijing, China. This computer called NVIDIA® DRIVE™ PX 2 is to be used by Chinese internet company Baidu Inc. (NASDAQ: BIDU) as well as other auto companies for self-driving cars. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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Features of NVIDIA® DRIVE™ PX 2

NVIDIA’s latest offering, NVIDIA® DRIVE™ PX 2, is a palm sized and energy efficient computer. The computer is designed for “auto cruise” functions, including automated driving and high-definition mapping. It uses 10 watts of power and enables vehicles to use deep neural networks to process data from multiple cameras and sensors. This will help the vehicles to navigate, understand what is happening around it and avoid any collisions. The new Drive PX 2 has a Tegra chip, a six-core CPU and a Pascal-based GPU. It will be available in the markets in Q4 2016.

NVIDIA and Baidu Partnership

On September 1, 2016, NVIDIA had announced its partnership with Baidu to create an AI based computing platform for autonomous cars that will include cloud-to-car connectivity and high-definition mapping. Baidu has been focused on launching self-driving cars in China. It plans to offer self-driving cars in 10 cities in China in the next three years and self-driving shuttles for public use by end of 2018. The current NVIDIA® DRIVE™ PX 2 would be used by Baidu as its in-vehicle car computer for its self-driving cloud-to-car system.
Liu Jun, vice president of Baidu said:

“The new, small form-factor DRIVE PX 2 will be used in Baidu’s HD map-based self-driving solution for car manufacturers.”

Rob Csongor, Vice President and General Manager of Automotive at NVIDIA said:

“Bringing an AI computer to the car in a small, efficient form factor is the goal of many automakers, NVIDIA DRIVE PX 2 in the car solves this challenge for our OEM and tier 1 partners, and complements our data center solution for mapping and training.”

Future plans

Volvo Car Corp. is the first auto manufacturer to use NVIDIA’s original Drive PX 2 in 100 self-driving test cars. NVIDIA’s DRIVE PX’s architecture is being used by 80 automakers, tier 1 suppliers, startups and research institutions developing autonomous vehicle solutions.

NVIDIA and Baidu see huge potential for the AI in the future. Both companies plan to make their autonomous driving platform open, allowing other automakers to use it. This will benefit auto manufacturers and encourage them to use the same systems in their vehicles.

As the interest and market for self-driving cars heats up, more than 30 companies are now working on autonomous car tech, according to CB Insights. NVIDIA faces competition from Intel, which has tied up with BMW and Mobileye Technologies in July 2016. Mobileye had also announced its partnership with Delphi Automotive PLC (NYSE: DLPH) in August 2016 to develop a complete SAE Level 4/5 automated driving solution. Volvo Car Group and Swedish automotive safety supplier, Autoliv QB, Inc. have announced a joint venture to develop autonomous driving software. Apart from these various other companies like Uber, Tesla, Google, Apple, and Ford are all at advanced stages of testing self-driving cars.

Stock Performance

NVIDIA’s stock is trading slightly down by 1.45%, closing Tuesday’s session at $59.87 on volume of 11.77 million shares, , which was higher than the 3 months average volume of 9.76 million shares. The company’s shares gained 83.12% since the beginning of the year. Additionally, the stock has rallied 87.11% and 167.01% in the last six months and twelve months. The company’s shares have a PE ratio of 39.41 and a dividend yield of 0.77%.

Baidu’s share price finished yesterday’s trading session at $181.90, sliding 1.21%. A total volume of 2.41 million shares exchanged hands. The stock has advanced 8.29% and 13.09% in the last month and past three months, respectively. The stock is trading at a PE ratio of 12.87.

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