Uber Technologies (UBER) shares rose in premarket trading Tuesday as the biggest ride-sharing company announced that it was teaming up with Nvidia (NVDA) to speed up the use of artificial intelligence (AI) technology in self-driving cars.
Uber will use Nvidia’s Cosmos platform and DGX Cloud to help its autonomous vehicle (AV) partners “build stronger AI models even more efficiently.”
CEO Dara Khosrowshahi said generative AI will “power the future of mobility, requiring both rich data and very powerful compute.” Khosrowshahi added that collaborating with the chipmaker will “supercharge the timeline for safe and scalable autonomous driving solutions.”
Through Monday’s close, shares of Uber Technologies were up about 15% over the past year. They had gotten a boost from a new accelerated stock buyback plan announced yesterday. Nvidia shares , which closed at an all-time high Monday, were up another 2.5% before the bell after CEO Jensen Huang delivered remarkslast night …