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

SEC Commissioner Hester Peirce on ETFs: ‘We want to work with people on new products’
Finance

SEC Commissioner Hester Peirce on ETFs: ‘We want to work with people on new products’

ETF Edge SEC Commissioner Hester Peirce on ETFs: ‘We want to work with people on new products’ Published Sat, Mar 21 202611:00 AM EDT Blair Bao WATCH LIVE Source

Read More
Small cap-focused Russell 2000 becomes the first of major U.S. benchmarks to enter correction territory this year
Finance

Small cap-focused Russell 2000 becomes the first of major U.S. benchmarks to enter correction territory this year

Key Points The Russell 2000 has fallen more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory this year. A correction is defined as a decline of more than 10% and less than 20% from a recent high. Small caps are especially sensitive to changes […]

Read More
Stocks making the biggest moves midday: SolarEdge Technologies, Super Micro Computer, FedEx & more
Finance

Stocks making the biggest moves midday: SolarEdge Technologies, Super Micro Computer, FedEx & more

Check out the companies making the biggest moves midday: SolarEdge Technologies — The solar stock popped 14% following an upgrade to hold from underperform at Jefferies. “We are tactically upgrading SEDG to HOLD, as the escalating ME conflict is triggering a replay of the European energy security dynamics that ‘turbocharged’ SEDG’s business during the Russia-Ukraine […]

Read More