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

Stocks making the biggest moves after hours: Tesla, IBM, ServiceNow, Southwest Airlines and more
Finance

Stocks making the biggest moves after hours: Tesla, IBM, ServiceNow, Southwest Airlines and more

Check out the companies making headlines after the bell : International Business Machines — The technology giant slipped 6% after IBM failed to raise its full-year guidance after posting an earnings beat. IBM reported first-quarter earnings of $1.91 per share, excluding items, beating forecasts of $1.81, according to LSEG. The company’s $15.92 billion in revenue […]

Read More
Stocks making the biggest moves midday: Axe Compute, AST SpaceMobile, United Airlines, GE Vernova & more
Finance

Stocks making the biggest moves midday: Axe Compute, AST SpaceMobile, United Airlines, GE Vernova & more

Check out the companies making the biggest moves midday: Calix — The AI and cloud platform tumbled 16% after the company warned of margin headwinds for the year, overshadowing better-than-expected results for the first quarter. TE Connectivity — Shares of the electrical components maker shed 12% after the company’s second-quarter guidance underwhelemed investors. TE sees […]

Read More
Stocks making the biggest moves premarket: GE Vernova, Vertiv, Best Buy & more
Finance

Stocks making the biggest moves premarket: GE Vernova, Vertiv, Best Buy & more

Check out the companies making the biggest moves premarket: United Airlines — Shares rose more than 1.5% even after the airline posted disappointing guidance for its current quarter and full year as rising fuel prices pressure its outlook. United expects 2026 adjusted earnings of between $7 and $11 per share, down from prior guidance of […]

Read More