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Aurora Stock Jumps on Autonomous Driving Partnership With Nvidia, Continental

The blue Aurora logo is seen on the side of a self-driving vehicle from Aurora Innovation.

Smith Collection / Gado / Getty Images

Key Takeaways

  • Shares of Aurora Innovation surged Tuesday morning after the company announced a new partnership to develop driverless trucks.
  • The company will work with Nvidia to develop its self-driving software, and with Continental on a plan to manufacture the equipment at scale starting in 2027.
  • Nvidia also announced partnerships with Toyota and Uber late Monday for the companies to use Nvidia's driver assistance and self-driving software.

Shares of Aurora Innovation (AUR) jumped more than 35% Tuesday morning after the self-driving software company announced on Monday a partnership with tech giant Nvidia (NVDA) and manℱufacturer Continental to develop self-driviဣng trucks.

Nvidia and Aurora will work together to develop the software and hardware necessary to operate the trucks, according to a news release. Continental expects to start manufacturing the equipment needed for the driverless trucks to operate, the companies said late Monday.

“Delivering one driverless truck will be monumental. Deploying thousands will change the way we live,” Aurora CEO Chris Urmson said. “NVIDIA is the market leader in 𓃲accelerated computing, and they’ll strengthen our ecosystem of partners and our ability to deliver safe and reliable driverless trucks to our customers at scale.”

Aurora said it is in the "final stages of validating" its Aurora Driver system to be operated on the road without a driver. The company says its system should be capable of being used for smaller passenger vehicles as well as semi-trucks.

Separately late Monday, Nvidia also announced self-driving related deals to provide its software for driver assistance programs to Toyota, 澳洲幸运5官方开奖结果体彩网:and with Uber (UBER) to bring driverless software to Uber cars.

Aurora shares were up more than 35%, and have recently reached their hig♓hest levels since early 2022. Nvidia shares were down about 5% Tuesday, while Uber shares were flat.

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