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Chipmaker Nvidia launches new system for autonomous driving

By Jane Lanhee Lee and Joseph White (Reuters) - Chip giant Nvidia (NASDAQ:NVDA) Corp on Tuesday unveiled its new computing platform called DRIVE Thor that would centralize...
Chipmaker Nvidia launches new system for autonomous driving © Reuters. FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu
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By Jane Lanhee Lee and Joseph White

(Reuters) - Chip giant Nvidia (NASDAQ:NVDA) Corp on Tuesday unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.

Nvidia, a big player in the gaming chip and artificial intelligence (AI) market, has been making a big push in the automotive business, a key growth segment for the company.

Danny Shapiro, head of Nvidia's automotive business, said DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall system cost, although he did not give specific numbers on savings.

"You can imagine a tremendous savings in terms of cost, in terms of reduced cabling, in terms of reduced weight, in terms of reduced energy consumption overall," Shapiro said during a briefing session.

Some automakers have begun work on designing their own chips to gain more control and cut costs.

General Motor's autonomous driving unit Cruise last week said it had developed its own chips to be deployed by 2025. It currently uses Nvidia chips.

The first customer Nvidia announced for DRIVE Thor is China's Geely-owned ZEEKR.

Shapiro said its current computer system called DRIVE Orin will be used in Chinese car company XPeng's new smart SUV and Chinese autonomous driving startup QCraft.

But this comes amid worries about whether Chinese customers would be able to continue to access Nvidia technology with a recent U.S. ban on exports of two top Nvidia computing chips for data centers to China.

"There's a lot of companies doing great work, doing things that will benefit mankind and we want to support them," Shapiro said. "In the cases where we do have product for the data center that has some export restrictions, we're working with those Chinese customers to come up with a suitable alternative product."

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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SJC Eximbank8,300/ 8,500
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