Nvidia’s auto division is taking off as Jensen Huang dreams of 1 billion robotic cars
Nvidia’s revenue might be dominated by its AI-powered data center business, but that’s not the only division putting up massive growth numbers.
Revenue for the company’s automotive and robotics segment more than doubled in Q4 to $570 million. According to Nvidia CFO Colette Kress, that growth was driven by “the continued ramp in autonomous vehicles.”
Though it barely registers against Nvidia’s overall sales numbers (autos and robotics is less than 2% of total revenue), the chipmaker seems to see a lot of promise in the segment.
“Someday, there will be 1 billion cars on the road, and every single one of those cars will be robotic cars... and we’ll be improving them using an AI factory,” CEO Jensen Huang said on a call with investors.
Nvidia’s success in the self-driving sector comes as other auto chipmakers not as tied into the autonomous driving wave have reported sluggish demand recently. Last month, Texas Instruments CEO Haviv Ilan said demand in most sectors is still “hovering at the bottom.”
Though it barely registers against Nvidia’s overall sales numbers (autos and robotics is less than 2% of total revenue), the chipmaker seems to see a lot of promise in the segment.
“Someday, there will be 1 billion cars on the road, and every single one of those cars will be robotic cars... and we’ll be improving them using an AI factory,” CEO Jensen Huang said on a call with investors.
Nvidia’s success in the self-driving sector comes as other auto chipmakers not as tied into the autonomous driving wave have reported sluggish demand recently. Last month, Texas Instruments CEO Haviv Ilan said demand in most sectors is still “hovering at the bottom.”
