Chinese driver-assist startup announces $100 million in funding, touts ‘deep cooperation’ with Nvidia

Chinese driver-assist startup announces 0 million in funding, touts ‘deep cooperation’ with Nvidia


Key Points
  • Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia.
  • Pitchbook data showed Chinese company Great Wall Motor led the investment.
  • The startup is also in “deep cooperation” with Nvidia, Maxwell Zhou, CEO of DeepRoute.ai, told reporters Tuesday in Mandarin, translated by CNBC.



Source

Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war
Finance

Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war

ETF Edge Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war Published Sat, Mar 14 202611:00 AM EDT Blair Bao Stephanie Landsman@stephlandsman WATCH LIVE Source

Read More
Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market
Finance

Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market

ETF Edge Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market Published Fri, Mar 13 202612:28 PM EDTUpdated 14 Min Ago Krysta Escobar WATCH LIVE Source

Read More
Stocks making the biggest moves midday: Adobe, Ulta Beauty, Insulet, Klarna, Once Upon a Farm & more
Finance

Stocks making the biggest moves midday: Adobe, Ulta Beauty, Insulet, Klarna, Once Upon a Farm & more

Check out some of the companies making the biggest moves midday: Adobe — The software giant saw shares tumble more than 5%. CEO Shantanu Narayen said that he would step down from his post after a successor has been named. Narayen will remain as chair of the company’s board. He has been Adobe’s CEO since […]

Read More