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Rivian Automotive
RIVN executives have dedicated the day to their vision for artificial intelligence and self-driving vehicles. But, so far, their words haven’t been enough to break the stock from an AI slump that’s gripping much of the stock market on Thursday.
The Irvine, Calif.-based electric-vehicle maker held its first “Autonomy and AI Day,” which kicked off at 12 p.m. Eastern time. At the core of that road map is Rivian’s first in-house processor, which executives said provides a significant improvement on its previous chips, which were developed by Nvidia NVDA.