Rivian Automotive hosted its first Autonomy & AI Day, revealing new AI chip development and autonomy plans. The EV company didn't announce any robotaxi initiatives, disappointing some investors amid peers' aggressive moves in autonomous mobility. Rivian likely increased the odds of the path to reach 2030 sales of $30 to $40 billion after only topping $5 billion in 2025.
Are investors ready to buy into Rivian's vision for its autonomous vehicles and AI?
Are investors ready to buy into Rivian's vision for its autonomous vehicles and AI?
Rivian Automotive ( NASDAQ:RIVN ) held its first Autonomy and AI Day conference yesterday, unveiling its inaugural in-house AI chip, the Rivian Autonomy Processor (RAP1).
Rivian impressed Wall Street analysts on Thursday with its plans for AI and automation, but significant challenges involving demand and capital remain for the electric vehicle maker. That's according to comments compiled by CNBC following Rivian's first "Autonomy and AI Day" on Thursday in Palo Alto, California.
Rivian Automotive Inc (NASDAQ:RIVN) has developed its own chip and artificial intelligence models to power future self-driving features, the company announced Thursday at an event in Palo Alto, California. The move will replace Nvidia-powered systems currently embedded in Rivian's vehicles and forms part of the company's broader push into autonomous driving and software-driven services.
RIVN highlights new autonomy chips, LiDAR plans and an AI assistant as it eyes long-term gains despite cash burn and trimmed guidance.
Rivian Automotive, Inc. (RIVN) Discusses AI-Centric Approach to Vehicle Autonomy and Technology Roadmap Prepared Remarks Transcript
Rivian Automotive RIVN-8.14% executives have dedicated the day to their vision for artificial intelligence and self-driving vehicles. But, so far, their words haven't been enough to break the stock from an AI slump that's gripping much of the stock market on Thursday.
Rivian Automotive on Thursday unveiled its first custom computer chip for self-driving and a new paid driver-assistance package called Autonomy+, as the electric-vehicle maker leans on artificial intelligence to boost revenue.
Rivian detailed Thursday how it plans to make its electric vehicles increasingly autonomous — an ambitious effort that includes new hardware, including lidar and custom silicon, and eventually, a potential entry into the self-driving ride-hail market, according to CEO RJ Scaringe.
Rivian will host its first "Autonomy and AI Day" Thursday to promote its in-house software and technologies that are being rolled out on new vehicles. The EV maker is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of electric vehicles.