Nvidia Is Doubling Down On Serve Robotics

July 22, 2024

•

x min read

Nvidia is deepening their bet on robotics powered by artificial intelligence.

‍What’s happening:‍

Nvidia (NASDAQ: NVDA) has announced they have purchased $3.7M USD of equity in Serve Robotics (NASDAQ: SERV)

By the numbers:‍

Nvidia’s recent purchase of equity in Serve Robotics brings their total ownership position to more than 10% of the entire company
Since inception, Nvidia has invested approximately $12M USD into Serve Robotics

Why it matters:‍

Serve Robotics recently went public on the Nasdaq, aiming to be a first mover in short distance delivery that is done completely autonomously through leveraging computer vision and artificial intelligence technology

Going deeper:‍

Serve Robotics has a partnership to facilitate short distance food deliveries with Uber (NASDAQ: UBER), who was also an early strategic investor in the company

Market reaction:‍

Shares of Serve Robotics are up more than 200% since Nvidia announced they have increased their ownership

‍

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