Nvidia Sees Automotive AI as $30B Addressable Market by 2025, Says CFO
The 30 percent fiscal Q2 revenue rise Nvidia had in its automotive business reflected growing adoption of its next-generation artificial intelligence “cockpit solutions” and autonomous vehicle development projects, “including one particularly sizable development services transaction that was recognized in the…
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quarter,” said Chief Financial Officer Colette Kress on a Thursday earnings call. The AI partnership Nvidia announced with Volvo in June will enable the automotive OEM “to develop a wide range of autonomous driving solutions for freight transport, recycling collection, public transport, construction, mining, forestry and more,” said Kress. “This collaboration is a great validation of our long-held position that every vehicle, not just cars, but also trucks, shuttles, business, taxis and many others, will have autonomous capability one day.” Autonomous driving “can bring enormous value to the trucking industry,” especially as the demands of online shopping “put ever-greater stress on the world’s transport systems,” she said. “Multiple customers” are “already onboard” with Nvidia’s automotive AI, said Kress: “We see this as a $30 billion addressable market by 2025.” Shares closed 7.3 percent higher Friday at $159.56.