Uber Shares Edge Higher on AI Autonomous Driving Deal with Nvidia

Published: 2025-01-07 06:59:13 ET UBER

By Sabela Ojea

Shares of Uber Technologies rose a day after the ride-hailing company said it is partnering with Nvidia to develop AI-powered autonomous driving technology.

The stock was up 2.9% to $68.21 in pre-market trading Tuesday. Through Monday's close, shares have climbed 15% over the past 12 months.

The San Francisco-based company said both parties will pair the data coming from Uber's trips with the Nvidia Cosmos platform and Nvidia DGX Cloud to help Uber's autonomous vehicles partners build stronger AI models more efficiently.

The companies didn't share financial details of the agreement, but are expected to provide more information later this year.

"By working with Nvidia, we are confident that we can help supercharge the timeline for safe and scalable autonomous driving solutions for the industry," Uber's Chief Executive Dara Khosrowshahi said.

Nvidia Cosmos platform builds physical AI systems like robots and autonomous vehicles, while the Nvidia DGX Cloud allows maximum resource utilization for AI model development across multi-cloud environments.

Write to Sabela Ojea at [email protected]; @sabelaojeaguix

(END) Dow Jones Newswires

01-07-25 0658ET