Summary: Rivian unveiled its own AI chip, the Rivian Autonomy Processor 1 (RAP1), designed to replace Nvidia technology and enhance automated-driving features in future vehicles. Despite the company’s claims of improved performance and cost reduction, investors were underwhelmed, leading to a 6.1% drop in Rivian’s shares. The new chip, combined with a new lidar sensor, will be used in Rivian’s upcoming R2 sport utility vehicles, with the goal of eventually offering autonomous driving capability.

Link: https://www.theedgesingapore.com/news/autonomous-vehicles/rivian-tumbles-after-unveiling-ai-chip-self-driving-push