Shares of Nvidia plunged Tuesday after the chipmaker said it would suspend testing of its autonomous vehicle technology globally.
But the Verge’s Andrew Hawkins doesn’t think the company will exit the industry entirely.
“I think that they’re trying to be cautious,” the transportation reporter said. “Nvidia has obviously been in this space for a number of years. They claim to have over 300 clients that they’re working with...so they’re still looking to stay very active in this space.”
Nvidia creates the artificial intelligence systems on which self-driving cars are built. The company has been testing its platform in New Jersey and California, as well as overseas in Japan and Germany.
One of its clients is Uber, which last week halted its own tests in the wake of a fatal crash in Arizona.
That state’s governor, Republican Doug Ducey, on Monday took the decision out of Uber’s hands, suspending the ride-hailing company himself.
Hawkins said the move marked a sharp reversal in Arizona’s attitude towards the technology.
“Up until this point, Arizona has been very welcoming of autonomous vehicle testing. It has a very light regulatory touch,” he said. “There’s really...nothing in the way of requirements for companies.
“At the same time, it seems like Governor Ducey...has a delicate balance to strike here -- being strict with Uber because they killed somebody [and] at the same time not looking like he’s looking to shut down the entire industry.”
Uber’s accident -- the first known death involving a self-driving car -- has thrown the entire autonomous vehicle industry into a soul-searching tailspin.
But it hasn’t irked rival Waymo.
The unit of Google parent Alphabet unveiled a partnership with Jaguar Tuesday, which will outfit 20,000 of its SUVs with its self-driving technology, aiming to roll out a fleet by 2020.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
Apple posted better-than-expected results for the third quarter but continued to report soft revenue. Cheddar News breaks it all down.
Thousands of hospitality workers across 18 casinos in Las Vegas have announced they are set to strike if a new contract agreement is not reached by Friday, November 10.
Mariah Carey, the 'Queen of Christmas,' is teaming up with Victoria's Secret for a new holiday collection.
Stocks jumped Friday after a jobs report showed a higher slowdown in hiring, giving hope to an end in rate hikes.
A new study found greater productivity in companies with a higher gender balance.
