Nvidia (NVDA) on Tuesday unveiled a palm-sized AI computer to be used by China internet giant Baidu's (BIDU) self-driving cars. Among a series of AI and other announcements it made at a chip industry conference in China, Nvidia said the new Drive PX 2 artificial-intelligence platform for "AutoCruise" functions will let vehicles use "deep neural networks to process data from multiple cameras and sensors." It said the product will let Baidu and other customers "accelerate production of automated and autonomous vehicles." Nvidia stock fell 1.5% in the stock market today, to 59.87, after rising 2% at the open. Baidu stock fell 1.2% Tuesday, to 181.90.

Microprocessor and chip maker NVIDIA is using artificial intelligence onboard its newest computer system that will power Chinese web company Baidu's self-driving car, according to a Reuters report. Baidu is the Chinese equivalent of Google, and operates the country's most popular search engine of the same name that holds a 56.3% market share. NVIDIA, as some of us know, is famous for its Graphics Processing Units (GPUs) that powers many high-end gaming PCs and laptops, as well as super-fast mobile processors like the Tegra series. But NVIDIA has been eyeing the artificial intelligence space for quite some time now. Because AI requires a very high level of computational power.