Rivian Automotive Inc. shares fell after the corporate unveiled its personal synthetic intelligence chip designed to exchange Nvidia Corp. know-how as a part of a broader push to boost automated-driving options in future autos.
The automaker will equip its upcoming R2 sport utility autos with Rivian Autonomy Processor 1 chips and a brand new lidar sensor. Taiwan Semiconductor Manufacturing Co. will produce the chips that, mixed with the brand new sensor and AI mannequin developments, will bolster Rivian’s efforts to ultimately supply autonomous driving functionality.

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