Self-driving cars need AI, and we delivered big on AI at the GPU Technology Conference in Silicon Valley this week. During his keynote, NVIDIA founder and CEO Jensen Huang made a host of announcements that will change how the automotive industry designs, builds and drives its cars. Chief among these was the unveiling of Volta, the world's most advanced GPU architecture, which will fuel the forthcoming DRIVE PX Xavier AI car supercomputer. Xavier is a complete system-on-chip that integrates a next-generation CPU, Volta GPU and our new Tensor Cores. Huang also announced that Toyota, legendary for its high standards and priority on safety, has selected NVIDIA DRIVE PX for autonomous vehicles.
The work we've seen Google and Uber put into self-driving cars is impressive, but short of Tesla's autopilot mode, consumer applications of autonomous driving are few and far between. Speaking at NVIDIA's GPU Technology Conference, company CEO and Founder Jensen Huang announced that Toyota has chosen the NVIDIA Drive PX platform as the heart of it future autonomous vehicles. Huang stopped just short of announcing an actual vehicle or a release date, but says NVIDIA's engineers have been working closely with Toyota to build a vehicle that will hopefully hit the market sometime in the "next few years." When it does, however, it should have all the autonomous drive benefits of NVIDIA's self driving test car. That, Huang could show -- including standard features like autopilot mode, a co-pilot feature that can take over the wheel on familiar routes, such as a commute, and safety features that can prevent a driver from passing into an intersection if it detects traffic running a red light.
Nvidia is temporarily stopping testing of its autonomous vehicle platform in response to last week's fatal collision of a self-driving Uber car with a pedestrian. Ultimately [autonomous vehicles] will be far safer than human drivers, so this important work needs to continue. We are temporarily suspending the testing of our self-driving cars on public roads to learn from the Uber incident. Our global fleet of manually driven data collection vehicles continue to operate. Reuters first reported the news.
Nvidia just revealed that they earned huge profits in the third quarter last Thursday. The chipmaker racked up a revenue of $2 billion, a figure that is more than the forecast $1.69 billion. Forbes reported that the earnings are also had a year-over-year increase of 54%. Stock prices are also up by 83 cents, compared to the previous estimate of 57 cents. This number displays an increase of 89% compared to last year's digits.