Uber joins forces with Nvidia in order to boost AI technology for autonomous vehicles

What you need to know

• Uber Technologies will work with Nvidia to accelerate artificial intelligence in vehicles.
• Uber will use Nvidia's Cosmos platform and DGX cloud to create AI self-driving models more efficiently.
• CEO Dara Khosrowshahi explained that AI will "power the future of mobility."

Uber Technologies shares (UBER) rose Tuesday in premarket trade after the ride-sharing giant announced it had teamed up with Nvidia, to increase the use of AI (artificial intelligence) in self-driving car technology.

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 also added that collaboration with the chipset maker will benefit both parties. “supercharge the timeline for safe and scalable autonomous driving solutions.”

Uber Technologies’ shares had risen by about 15 percent since the beginning of last year. A new, accelerated stock purchase plan was announced yesterday. This gave the shares a significant boost. Nvidia shares , which closed at an all-time high Monday, were up another 2.5% before the bell after CEO Jensen Huang delivered remarks last night at CES in Las Vegas.

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