NVIDIA Has Its Eye on Smart Cities in China with New Alibaba Partnership

NVIDIA Corporation's (NASDAQ: NVDA) artificial intelligence (AI) prospects have continued to grow as the company uses its GPUs to build self-driving car hardware and software, smart cloud computing systems, and deep learning training for servers.

But the company has a lot of potential in the growing smart city segment as well and took another step in that direction this week when China-based Alibaba (NYSE: BABA) said it would partner with NVIDIA to use its smart city platform, called Metropolis.

The partnership adds to the already 50 other major tech companies that are using NVIDIA's platform and could help NVIDIA tap into one of the largest smart city markets on the planet: China.

Source: Fool.com