Velodyne Lidar Inc. (NASDAQ: VLDR) stock declined by 3.39% at the last close whereas the VLDR stock price gains by 5.85% in the pre-market trading session. With the introduction of real-time surround vision lidar sensors, Velodyne Lidar ushered in a new age of autonomous technology. Velodyne, the world’s leading Lidar Company, is recognized for its wide range of ground-breaking lidar technology.
What is happening?
Velodyne Lidar announced today that their Intelligent Infrastructure Solution for traffic management and analytics has been accepted into the NVIDIA Metropolis program. With improvements in AI vision, NVIDIA Metropolis aims to foster and bring to market a new generation of apps and solutions that make the world’s most essential areas and processes safer and more efficient.
Velodyne Lidar’s Intelligent Infrastructure Solution has been accepted into the NVIDIA Metropolis program. The Intelligent Infrastructure Solution monitors transportation networks and public areas using Velodyne’s award-winning lidar sensors and sophisticated AI software.
The Intelligent Infrastructure Solution monitors transportation networks and public areas using Velodyne’s award-winning lidar sensors and sophisticated AI algorithms. The approach addresses the urgent demand for smart city technologies that may aid in improving road safety and preventing traffic collisions. According to government data, 2020 was the deadliest year for road collisions in the United States in more than a decade, with a 7.2 percent rise in deaths over the previous year.
The embedded NVIDIA Jetson AGX Xavier module in Velodyne’s edge AI computing system is used to operate the solution’s unique 3D perception software, which can identify all road users in real-time, including cars, pedestrians, and bicycles. The NVIDIA Jetson AGX Xavier is a small, energy-efficient GPU workstation with unmatched processing capability. It enables the Intelligent Infrastructure Solution AI application to analyze lidar frames in real time to identify, categorize, and extract traffic trajectory at up to 50 frames per second.
Velodyne receives expanded visibility to industry experts, AI-driven businesses, governments, and integration partners eager to use world-class AI-enabled solutions to solve important operational efficiency and safety challenges as part of NVIDIA Metropolis. Velodyne also gets first access to NVIDIA platform upgrades and can take advantage of NVIDIA’s extensive partner ecosystem to help build lidar-based solutions.