On Thursday, Rivian unveiled its in-house processor and computing platform for autonomous driving. ...

Core Insights - The company is leveraging advancements in AI to enhance technology and customer experiences at an unprecedented rate [1] - The next 3 to 4 years are expected to see a significant acceleration in technological change compared to the previous years, particularly in network architecture and software platforms for vehicles [2] - The evolution of autonomy in vehicles has shifted from a rules-based approach to a neural network-based understanding, driven by innovations in transformer-based encoding and large parameter models [3][4] Industry Developments - The field of autonomy has been evolving for about 20 years, initially relying on a rules-based environment for object identification and classification [3] - Recent innovations have prompted a necessary shift in the approach to autonomy, moving towards a more sophisticated understanding of driving through neural networks rather than classical rules [4]

Technology & Innovation - Rivian is investing heavily in its proprietary AI chip and lidar technology [1] - The company believes these technologies are crucial for achieving true autonomous driving capabilities [1] - Rivian is moving away from Nvidia, indicating a shift towards in-house technology development [1] Automotive Industry - The EV maker is focusing on autonomous driving technology [1]

Once positioned to be a “killer” in the electric vehicle industry, Rivian (RIVN), has been lagging the likes of Tesla (TSLA) and Google’s (GOOG) (GOOGL) Waymo both in terms of adoption and sales. Moreover, the company’s stock is down more than 80% from its IPO levels in 2021. For context, Tesla’s stock has more than doubled in this period. But Tesla has its hands full in other domains like artificial intelligence, and it seems like Rivian is making a strategic bet to drive future growth from AI as well. ...

Core Viewpoint - Rivian Automotive announced the introduction of an in-house "autonomy computer" aimed at enhancing self-driving capabilities, but the market reaction was negative, with shares dropping significantly after the announcement [1]. Group 1: Company Developments - Rivian held its first "Autonomy and AI Day" in Palo Alto, CA, where CEO R.J. Scaringe unveiled the company's first in-house autonomy processor [1]. - The core of Rivian's autonomy platform will be based on AI processors developed internally, which will improve through data collected from the company's fleet of vehicles [4]. - Starting in late 2026, Rivian's third-generation platform for R2 vehicles will feature advanced technologies including cameras, radar, and lidar [5]. Group 2: Market Reaction - Following the announcement, Rivian's stock initially fell by as much as 10% but later rebounded slightly, closing down by 4.5% [2]. - The current stock price is $16.65, with a market capitalization of $21 billion [6][7]. - Investors expressed disappointment over the lack of immediate advancements in hands-free driving capabilities, despite the announcement of an over-the-air update for existing R1 customers [7]. Group 3: Future Plans - Rivian plans to introduce an Autonomy+ subscription service that will provide continuous updates and improvements to its autonomy features [8]. - The company aims to allow vehicles to drive point-to-point by 2026, but investors were looking for more specific timelines regarding hands-free driving capabilities [7].

what the Gen 3 architecture does with compute levels that are dramatically expanded. So this is just to put some numbers to this at the platform level 1,600 sparse tops. We can process 5 billion pixels per second.Uh we include as you said a beautifully integrated LAR that raises the ceiling to allow us to take the platform to personal level 4. So the first step before we get to personal level four is beyond handsoff pointtooint. maintain those hands off point to point but take your eyes off the off the road ...

Rivian Is Adding Self-Driving Capability To Its EVs, Starting With The R2 SUVhttps://t.co/Z7cc4x0OOL https://t.co/Eo25QlBzBA ...

Autonomous Driving Technology & Strategy - Rivian is developing its own chip for autonomous driving (AV) and artificial intelligence, a multi-year process requiring significant capital and a capable team [2][3][4] - The decision to vertically control hardware at the chip level aims to build a more efficient system and achieve higher performance at an affordable cost [4] - Rivian is focusing R&D spending on self-driving/autonomy, considering it the biggest spend category [7] - Rivian is demonstrating point-to-point full self-driving capability as a first step, with plans for future growth [8] - Rivian is aiming for level four autonomy, which would allow vehicles to drive empty without a driver [11][13] - Rivian is initially focused on personal level four vehicles, given that 99% of miles driven in the United States are in personally owned vehicles, but is open to exploring ride-sharing applications [11][12] Vehicle Development & Market Positioning - Rivian is launching the R2, a lower-priced vehicle starting at $45,000 [8] - Rivian emphasizes the importance of leading technology in lower-priced vehicles like R2 and R3 [9] - The R1S is the most popular premium electric vehicle in the United States due to its technology, brand positioning, and product features [9] Market Perception & Financial Considerations - Morgan Stanley questions Rivian's ability to keep up with the hype cycle regarding autonomous vehicles and whether it has sufficient capital for continued investments [5] - Rivian focuses on the long-term horizon, building technology for high levels of self-driving, including the hardware platform, data architecture, and data flywheel [6][7]

Core Insights - Rivian is unveiling its autonomous driving system and launching its own chip during its AI day in Palo Alto, indicating a strategic shift towards vertical integration in technology development [1][4][10] Company Strategy - The decision to design its own chip for autonomous vehicles (AV) and artificial intelligence (AI) is driven by the need for efficiency and performance, allowing Rivian to control hardware at the compute level [3][4] - Rivian emphasizes long-term investment in self-driving technology, with a significant portion of its R&D budget allocated to autonomy, showcasing confidence in its technological advancements [6][7] Product Development - The new R2 vehicle, starting at $45,000, represents Rivian's focus on lower-priced vehicles while maintaining a commitment to leading technology [8][9] - Rivian's current technology demonstrates point-to-point full self-driving capabilities, with plans for further advancements over time [7][8] Market Positioning - Rivian acknowledges skepticism regarding its ability to keep pace with the autonomous vehicle hype cycle, but maintains a long-term perspective on market movements [5][6] - The company is currently focused on personal level four autonomy, which could eventually extend to ride-sharing opportunities, although initial efforts will prioritize personal vehicle technology [11][12]

Core Insights - Rivian Automotive executives have focused on their vision for artificial intelligence and self-driving vehicles, but this has not yet translated into positive stock performance [1] Company Focus - The company is emphasizing its commitment to artificial intelligence and self-driving technology as part of its long-term strategy [1] - Despite the ambitious vision, the current market reaction has not been favorable, as indicated by the stock's decline of 8.14% [1]