Why Are Nvidia and Uber Backing This Tiny $400 Million Artificial Intelligence (AI) Company?

Nvidia (NASDAQ: NVDA) is the leading supplier of high-end graphics processing units (GPUs) for data centers, where they are used to power and train artificial intelligence (AI) applications. Uber Technologies (NYSE: UBER) operates the world's largest ride-hailing platform and also the Uber Eats food-delivery service.What do these two industry leaders have in common? Uber is partnered with 14 different companies developing autonomous driving platforms as it looks forward to a shift away from human drivers in the mobility industry. Technologies like autonomous driving and robotics are powered by AI, and Nvidia has also developed its own autonomous driving platform.That might explain why both Nvidia and Uber are supporting Serve Robotics (NASDAQ: SERV), a $500 million market-cap company that has developed an autonomous delivery robot. Between them, they own more than 20% of Serve's shares outstanding, suggesting that they are bullish on the company's prospects. If you're considering following them into the stock, here's what you need to know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool