Latest News In AI Chips - NVIDIA Powers Revolutionary AI Platform For Electric Vehicles

NVIDIA and Olympian Motors have announced a strategic collaboration to develop the Olympus Platform, an open, modular, AI-powered electric vehicle (EV) platform. This partnership utilizes NVIDIA’s advanced computing solutions, notably the DRIVE AGX Orin™ platform, to facilitate the design and deployment of AI models within the EV ecosystem. The Olympus Platform offers a novel approach to EV architecture, emphasizing real-time data processing and integration of AI-driven capabilities, paving the way for enhanced autonomous driving, predictive safety controls, and dynamic user interfaces. The upcoming pilot program in Los Angeles will allow developers and automotive suppliers to engage with and contribute to this transformative platform, signaling a significant leap forward in AI-enabled modular electric vehicle technology.

• NVIDIA (NasdaqGS:NVDA) last closed at $140.22 up 0.4%.

NVIDIA's strategic expansion in AI partnerships and Data Centers could significantly boost revenue and margins. Discover more about these growth opportunities by clicking through to our narrative on NVIDIA.

In other market news, Hygon Information Technology (SHSE:688041) was trading firmly up 11.3% and ending trading at CN¥156.60, hovering around its 52-week high. In the meantime, Waaree Energies (NSEI:WAAREEENER) trailed, down 2.2% to end trading at ₹2,868.70. On Monday, Waaree Energies held a board meeting.

To explore further, check out our Market Insights article, "The AI Capex Cycle Shows No Signs Of Slowing Down," where we discussed the persistent capital expenditure in AI infrastructure and its implications for companies providing AI chips and related hardware.

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• Advanced Micro Devices (NasdaqGS:AMD) settled at $126.29 up 1.4%.
• Intel (NasdaqGS:INTC) settled at $20.40 up 1%.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Olympian Motors and NVIDIA Pioneer the First AI-Powered EV Platforms" from Olympian Motors, Inc. on GlobeNewswire (published 24 December 2024)

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