Uber plans to deploy 20,000 Lucid electric SUVs with Nuro Driver autonomous system in global cities. Lucid shares soared 36% after Uber deal announcement. Nvidia’s AI technology powers Nuro Driver. Lucid and Nuro to receive major investments from Uber. Lucid’s financials show high cash burn rate.

Uber’s partnership with Lucid and Nuro involves creating a premium robotaxi service using Lucid Gravity SUVs equipped with Nuro Driver. Uber to invest in Lucid and Nuro, with plans to deploy 20,000 vehicles globally. Nuro raised $106 million in funding, shifting focus to autonomous driving tech. Lucid faces financial challenges with cash burn rate.

Nvidia stands to benefit from Uber-Lucid-Nuro deal. Nuro Driver uses Nvidia’s AI tech for self-driving system. Nuro’s system powered by Nvidia’s supercomputer and GPUs for AI training and inferencing. Lucid vehicles equipped with Nvidia’s AI tech. Tesla uses Nvidia’s AI tech for training but not inside vehicles.

Uber-Lucid-Nuro robotaxi service to compete with Tesla and Waymo. Uber’s scale and financial resources could make new service successful. Nvidia could profit from service’s success. Tesla uses Nvidia’s AI tech for training but not inside vehicles. Consider investing in Nvidia for potential growth. Stock Advisor’s top 10 stocks for investment. Join Stock Advisor to access the latest top 10 list. Suzanne Frey, an Alphabet executive, sits on The Motley Fool’s board. Beth McKenna holds Nvidia positions. The Motley Fool supports and has positions in Alphabet, Nvidia, Tesla, and Uber Technologies. Check out the disclosure policy.

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Read more at Nasdaq: The Lucid-Uber Robotaxi Deal: How Nvidia Will Also Benefit