TM - Why NVIDIA General Motors and Other Giants Are Teaming Up on Self-Driving Standards
British chip technology company Arm Holdings said that it has joined NVIDIA (NASDAQ: NVDA), General Motors (NYSE: GM), Toyota (NYSE: TM), and other tech and auto heavyweights to form a new group that will work to establish a common computing platform for self-driving vehicles.
The new group, called the Autonomous Vehicle Computing Consortium (AVCC), said that its goal is to accelerate the development of safe self-driving technology. It's an interesting move for the companies involved, one that has the potential to lock in competitive advantages for each as self-driving technology matures.
The AVCC doesn't (yet?) include every big name in the self-driving field, but it does include quite a few established heavyweights.