Auto Industry Updates: Wolfspeed, NVIDIA, ABB, and Veritone in the Spotlight for Connected Car Developments

In the realm of technology, several significant developments are taking place. Here's a roundup of some of the latest news:

Skild AI's Scalable Robotics Foundation Model

Skild AI, a startup founded by two Carnegie Mellon professors, is making strides in the field of robotics. The company is developing a scalable robotics foundation model, known as Skild Brain, which can easily adapt across hardware and tasks. This advancement could revolutionize the industry by making robotics more accessible and versatile.

Enhancements to Veritone Track

Veritone, Inc. has announced significant enhancements to its advanced AI-powered digital video forensics tool, Veritone Track. The updated version now enables users to identify and track vehicles of interest by make and model across multiple video sources. This improvement promises to boost video surveillance efficiency and enhance security in various sectors.

NVIDIA's Commitment to AI and Robotics

NVIDIA is ramping up its efforts to foster innovation, commercialization, and operationalization of a technical community for physical AI, robotics, autonomous systems, and AI across the nation and globe. The tech giant is also increasing its engagement with Pittsburgh-based members of the NVIDIA Inception program, providing them with access to its latest AI software and frameworks.

CHIPS Act Funding for Wolfspeed

The U.S. Department of Commerce's proposed direct funding under the CHIPS and Science Act is expected to provide critical financial support to Wolfspeed. This funding, worth a $750 million grant, is intended to expand Wolfspeed's silicon carbide (SiC) production capacity, essential for electric vehicle applications. The funding will help Wolfspeed reduce its substantial debt, improve its balance sheet, and become more competitive in the power device-focused semiconductor market.

University of Pittsburgh's Research Accolades

The University of Pittsburgh has been recognised for its significant contributions to research. It ranks No. 6 among U.S. universities in research funding from the National Institutes of Health, and No. 14 among U.S. universities granted utility patents. These accolades underscore the university's commitment to innovation and its impact on the wider scientific community.

Collaboration between Universities and NVIDIA

Advanced NVIDIA technological support can help accelerate the research groups' workflows and enhance the scalability and resiliency of their AI applications. The universities will have access to generative AI, data science, and accelerated computing resources through the NVIDIA Deep Learning Institute.

AI Solutions from Lovelace AI and Veritone Track

Lovelace AI is developing AI solutions using NVIDIA accelerated computing and CUDA to enhance the analysis of kinetic data. Meanwhile, Veritone Track is one of the dynamic applications in Veritone's intelligent digital evidence management system, iDEMS. iDEMS is powered by Veritone's leading enterprise AI platform, aiWARE, which leverages the combined power of more than 300 pre-trained and trainable, best-of-breed cognitive AI and generative AI models across more than 20 cognitive categories in a single AI platform.

These developments showcase the ongoing innovation in AI, robotics, and semiconductors, and their potential to transform various industries.

Auto Industry Updates: Wolfspeed, NVIDIA, ABB, and Veritone in the Spotlight for Connected Car Developments