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Nvidia to test fleet of robotaxis with Daimler, Bosch

Nvidia Corp. announced late Tuesday a partnership with German car maker Daimler AG and auto-parts giant Bosch Ltd. that will begin testing a robot taxi project in California in less than a year.

Under a partnership announced late Tuesday, Daimler DAI, +0.26% and Bosch BSWQY, +0.00% hope to use Nvidia’s NVDA, +1.60% Pegasus AI chipset to power a fleet of Level 4 and Level 5 — with the latter meaning fully autonomous — taxis by “early next decade.”

Following the announcement, Nvidia shares declined 1.1% after hours, following a 1.6% rise in the regular session to close at $253.25.

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