Rivian showcased AI technology and a custom chip
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Key Takeaways Rivian stock jumped Friday, a day after the electric vehicle maker made a number of self-driving and AI-related announcements.The move higher came even as worries about an AI bubble weighed on other stocks exposed to the technology.
Rivian's AI and Autonomy Day had exciting updates, like new in-house tech, an AI assistant, the addition of LiDAR, and a unique R2.
Rivian has big ambitions, including point-to-point driverless rides and an AI assistant. Watch the livestream here.
CEO RJ Scaringe laid out his plan for how Rivian's vehicles will increasingly drive themselves, in a bid to match or exceed the capabilities of rival automakers and AV companies.
Newsweek sat down with Rivian CEO RJ Scaringe immediately after he announced major technology plans for the company.
Rivian is getting into the hands-free semi-autonomous driving game and leveraging AI in its software-defined vehicles. The EV automaker held an Autonomy & AI Day to showcase some of the driving tech it’s been working on, as well as an AI assistant.
Rivian Automotive Inc. shares fell 6.1% on Thursday after the electric vehicle (EV) maker held its first "Autonomy and AI Day," unveiling ambitious plans for self-driving technology that failed to convince investors of its near-term prospects. The stock had dropped as much as 10% during the presentation before recovering slightly by the close.
And when it does, the AI assistant will roll out to every existing EV in its lineup, not just the next-generation versions of its R1T truck and R1S SUV.