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.

Share:
More In Business
DeSantis Asks That Judge Be Disqualified From Disney's Free Speech Lawsuit
Gov. Ron DeSantis is asking that a federal judge be disqualified from the First Amendment lawsuit filed by Disney against the Florida governor and his appointees, claiming the jurist's prior statements in other cases have raised questions about his impartiality on the state's efforts to take over Disney World's governing body.
Ford Says It Will Stop Competing in Over-Served Markets
Ford CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. The days of Ford being all things to all people are over, Farley said at the company's capital markets day event Monday.
Biotech Startup Mycocycle Detoxifies Waste With Mushrooms
Joanne Rodriguez, founder and CEO of Mycocycle Inc., joined Cheddar News to discuss how her company uses mushrooms to decarbonize construction waste. "Mycocycle was started to address the waste mismanagement issue we have," she said. "Globally, we've got overflowing landfills that are creating human and environmental health issues."
The Most Important Job Skills Workers Should Know About
The World Economic Forum recently released its future of jobs report and broke down what abilities employers are looking for. Julia Pollak, chief labor economist at ZipRecruiter, joined Cheddar News to discuss what top, in-demand job skills are needed in the rapidly-changing economy.
What We Learned From Upfronts This Year Amid Writers' Strike
This year's upfront presentations to advertisers happened against the backdrop of a massive writers' strike. Cheddar News broke down the big takeaways from how networks proceeded with their events and what upcoming TV and streaming shows were presented.
Load More