On Monday, Olympian Motors announced an expanded collaboration with Nvidia Corp (NASDAQ:NVDA) to develop the Olympus Platform, an open, modular, artificial intelligence-powered electric vehicle (EV) platform.
The strategic partnership leverages Nvidia's advanced computing solutions, including the DRIVE AGX Orin platform and the Nvidia Inception Program, to create a new protocol for designing and deploying AI models to EVs.
The Olympus EV Platform launches a modular approach to EV hardware and software architecture.
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Developers can easily access the open, modular vehicle OS and cloud and deploy machine learning models and applications.
The Olympus Platform targets the launch of real-time physical sensing and simulation systems, crash-test simulations and real-time safety analysis, predictive safety protocols, modular vehicle configurations for rapid manufacturing and supply chain, and configurable AI-driven cockpit systems.
Last week, the companies announced their partnership to develop advanced electric vehicles powered by Nvidia's DRIVE AGX Orin platform.
Nvidia stock surged 190% year-to-date, backed by the AI frenzy.
Wedbush's Dan Ives expects the upcoming $1 trillion in AI capital investment from Big Techs and startups to significantly boost Nvidia's position. He noted that every $1 paid on an Nvidia GPU translates into a $8-$10 multiplier across the tech sector.
Investors can gain exposure to Nvidia through VanEck Semiconductor ETF (NASDAQ:SMH) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).
Price Action: NVDA stock traded lower by 0.20% to $139.40 premarket at the last check on Tuesday.
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