Featured Company News - NVIDIA Unveils Pegasus; Signals Development of World's First Fully Autonomous Vehicle
ACCESS Newswire
LONDON, UK / ACCESSWIRE / October 12, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for NVIDIA Corp. (NASDAQ: NVDA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=NVDA. The Company announced on October 10, 2017, the world's first artificial intelligence (AI) computer designed to drive fully autonomous robotaxis. The new system, codenamed Pegasus, expands the NVIDIA Drive PX AI computing platform to handle Level 5 driverless vehicles. Pegasus will be available to NVIDIA automotive partners in the second half of 2018, where the NVIDIA Driverworks software and NVIDIA DRIVE PX 2 configurations have been publicly released for developers currently working on autonomous vehicles and algorithms. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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The Company's system will enable a new class of vehicles that can operate without a driver, and include fully autonomous vehicles without steering wheels, pedals, or mirrors, and interiors like a living room or office. The vehicles will arrive on demand to safely travel the passengers to their destinations and delivering mobility to everyone, including the elderly and disabled.
Of the 225 partners currently developing on the NVIDIA DRIVE PX platform, more than 25 partners are focused on developing autonomous robotaxis using the NVIDIA CUDA GPUs. The computational requirements of the robotaxis are huge, and include perceiving the world through high-resolution, 360-degree surround cameras and lidars, and also localizing the vehicle within centimeter accuracy, tracking vehicles and people around the car, and planning a safe and comfortable path to the destination.
These processes must be enabled with multiple levels of redundancy to ensure the highest level of safety for passengers. The computing demands of driverless vehicles are easily over 50 to 100 times more intensive than the most advanced cars available today. Driverless vehicles, according to the Company, would enable a new line of ride- and car-sharing services. Accordingly, new types of cars will be invented resembling offices, living rooms, or hotel rooms on wheels. The travelers would simply need to order up the type of vehicle needed according to the destination and activities planned along the path.
Company Growth Prospects
The Company's unified architecture enables NVIDIA DRIVE software algorithms, libraries, and tools that run in the data center also performing inferencing in the car. This cloud-to-car approach will also enable cars to receive on-the-air updates to add new features and capabilities throughout the life of the vehicle.
The NVIDIA Drive PX platform scales from a single mobile processor configuration to delivering a Level 2/3 capabilities to a combination of many mobile processors and GPUs for full Level 5. These configurations currently run on a single, open software architecture. It will hence enable automakers and tier 1 suppliers to move from development into production for a wide range of self-driving solutions, from Autocruise on the highway, to AutoChauffeur for point-to-point travel, and to Pegasus for a fully autonomous vehicle.
Last Close Stock Review
NVIDIA's share price finished yesterday's trading session at $190.94, advancing 1.06%. A total volume of 13.18 million shares have exchanged hands. The Company's stock price skyrocketed 18.87% in the last three months, 96.22% in the past six months, and 188.73% in the previous twelve months. Additionally, the stock soared 78.88% since the start of the year. Shares of the Company have a PE ratio of 54.66 and have a dividend yield of 0.29%. The stock currently has a market cap of $114.63 billion.
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