Can NVIDIA Count on Its Latest Chip to Win Big in Self-Driving Cars?

Can NVIDIA Count on Its Latest Chip to Win Big in Self-Driving Cars?

Just when it looked like NVIDIA (NASDAQ: NVDA) was falling behind Intel (NASDAQ: INTC) in the self-driving car race, it announced a new autonomous driving platform that could swing the momentum in its favor once again. The graphics specialist's latest innovation brings fully autonomous, driverless cars a step closer to reality.

More importantly, it could potentially set the company on its way to make a big splash in one of the most lucrative applications for self-driving technology: ride-hailing. Let's take a look at what this latest product could do for NVIDIA, and the potential bumps in the road that it could face.

The DRIVE PX Pegasus -- the latest generation of NVIDIA's artificial-intelligence-enabled autonomous driving platform -- should help the company turn a new page in self-driving car development as it is 10 times more powerful than the existing DRIVE PX2 chip.

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Source: Fool.com