Rivian announces new AI tech, in-house chip and robotaxi ambitions

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Rivian debuted caller tech astatine its archetypal "Autonomy and AI Day" connected Thursday successful Palo Alto, California.

Credit: Rivian

Electric conveyance shaper Rivian Automotive has developed a customized chip, car machine and caller artificial quality models that volition alteration it to bring self-driving features to its forthcoming vehicles, the institution revealed astatine its archetypal "Autonomy and AI Day" connected Thursday successful Palo Alto, California.

Rivian besides said it plans to rotation retired an Autonomy+ subscription with "continuously expanding capabilities" to customers successful aboriginal 2026, to beryllium powered by its Rivian Autonomy Processors and autonomy computers.

The Autonomy+ offering volition beryllium priced astatine $2,500 arsenic a one-time upfront acquisition oregon is disposable for $49.99 per period to start. By comparison, rival Tesla offers its premium FSD (Supervised) enactment for $8,000 upfront oregon a $99 per period fee.

The institution said successful a connection that a near-future bundle update volition see a "Universal Hands-Free," capability, allowing Rivian customers "hands-free driving" connected "over 3.5 cardinal miles of roads successful North America, covering the immense bulk of marked roads successful the US."

Unlike its superior competitor, Tesla, Rivian said it intends to usage lidar, or airy detection and ranging, systems and radar sensors successful its forthcoming cars to alteration "level 4," oregon afloat automated driving, arsenic defined by SAE Levels of Driving Automation.

A rider tin slumber successful the backmost spot successful a level 4 self-driving car portion it carries them to their destination successful mean postulation and upwind conditions. Waymo, the Alphabet-owned robotaxi person successful the U.S., considers its vehicles level 4.

Rivian CEO RJ Scaringe said Thursday the company's forthcoming self-driving vehicles alteration the institution "to prosecute opportunities successful the rideshare space," besides known arsenic robotaxis.

Rivian is not unsocial successful aiming to present autonomous systems that conscionable level 4 expectations, portion rolling retired partially automated features on the mode to drivers who mostly privation these to trim fatigue connected agelong drives oregon marque them safer down the instrumentality overall.

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Rivian and Tesla stock's since Rivian went public.

Tesla and General Motors are moving connected their ain proprietary driverless systems, portion Honda, Lucid and Nissan person partnered with venture-backed autonomous conveyance tech startups (Helm.AI, Nuro and Wayve respectively) to make akin systems with a scope of antithetic method approaches.

Rivian is nether unit to beryllium its aboriginal maturation imaginable to investors and to turn its lawsuit basal amid slowing income of artillery electrical vehicles successful the U.S. and contention from Chinese EV makers internationally.

The afloat electrical conveyance conception has experienced a income slump domestically aft the Trump medication enactment an aboriginal extremity successful September to a $7,500 national taxation credit antecedently disposable for EV buyers successful the U.S.

Shares of Rivian are up astir 25% this year, but stay disconnected much than 80% since the company's 2021 archetypal nationalist offering amid interior and outer challenges.

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