Uber partners with Nvidia for 28‑city robotaxi rollout
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- Uber announced a partnership with Nvidia to launch robotaxi services in 28 cities worldwide by 2028, using Nvidia's Hyperion platform and Alpamayo reasoning model.
- Uber shares rose about 4% after the announcement, while Lyft stock rose 3.6%; both have fallen this year (Uber -4%, Lyft -27% since Jan 1).
- Lyft also signed a deal with Nvidia to use its DRIVE Hyperion AV platform and AI technology.
- San Francisco and Los Angeles are the first robotaxi deployment targets, with a goal to begin operations by mid‑2027, followed by data‑collection vehicles, supervised launches, then driverless service.
- Jensen Huang called the partnership the “ChatGPT moment” for physical AI, highlighting the significance of AI in autonomous vehicles.
- Benjamin Black (Deutsche Bank) and Justin Post (BofA) noted that broader adoption of Nvidia’s tech could give Uber easier access to affordable AVs and lower the risk of a single‑company market dominance, potentially boosting Uber’s valuation.
- Amazon’s Zoox AV firm joined Uber’s robotaxi network, expanding the partner roster alongside BYD, Nissan, and Hyundai.
Why it matters: Uber and its investors gain a clear growth pathway as the Nvidia partnership supplies a ready‑made AV stack, while Lyft also benefits from similar tech access. The deal could curb the risk of a single dominant robotaxi player and lift Uber’s valuation, as analysts note the potential for a higher stock multiple.
