After revealing a partnership with NVIDIA (NASDAQ:NVDA) to improve free-space mapping and artificial intelligence capability for the automotive sector, Arbe Robotics (NASDAQ:ARBE) stock continues its surge at over 60% mid-day trading on Monday.
Using Arbe’s ultra-high-density radar technology, the collaboration seeks to increase vehicle safety and autonomy. Arbe intends to present this technologywhich is said to provide a “Grand Unified Perception Modelat CES 2025 in Las Vegas.” For autonomous driving, the system combines radar data into original equipment manufacturer (OEM) systems to precisely map drivable areaseven in challenging environments. Arbe provides high-resolution tracking, object classification, and simultaneous localization and mapping together with low obstacle, small object, and non-reflective target detection using its radar technology.
It also minimizes multipath reflections and allows real-time detection of blocked objects, hence greatly improving perception accuracy. Arbe’s statement comes following a difficult third quarter marked by missing projections of a $0.11 loss and an adjusted EPS loss of $0.13. Income also fell short of projections at $123,000 instead of the expected $450,000. Notwithstanding these outcomes, Arbe’s relationship with NVIDIA could help to establish Arbe as a major participant in the fast changing autonomous vehicle industry.
This article first appeared on GuruFocus.
