On Friday, Shares of NVIDIA Corporation (NASDAQ:NVDA), added 1.66% and closed at $68.52 in the last trading session. The last trading range of the stock ranges between $67.37 and $67.19. NVIDIA ( NASDAQ : NVDA ) and TomTom (TOM2), the Dutch mapping and navigation group, recently declared they are partnering to develop artificial intelligence to create a cloud-to-car mapping system for self-driving cars.
The work combines TomTom’s extensive HD map coverage, which already spans more than 120,000 km of highways and freeways, with the NVIDIA DRIVE™ PX 2 computing platform. Together, the solution accelerates support for real-time in-vehicle localization and mapping for driving on the highway.
NVIDIA co-founder and CEO Jen-Hsun Huang declared the partnershipat the company’s inaugural GTC Europe, a regional version of its annual GPU Technology Conference in Silicon Valley, now in its seventh year.
“Self-driving cars require a highly accurate HD mapping system that can generate an always up-to-date HD map in the cloud,” said Rob Csongor, vice president and general manager of Automotive at NVIDIA. “DRIVE PX 2 for AutoCruise provides TomTom with a real-time, in-vehicle source for HD map updates.”
Paypal Holdings Inc (NASDAQ:PYPL), jumped 1.44% and closed at $40.97 in the last trading session. The last trading range of the stock ranges between $40.27 and $41.05. The company’s Market capitalization is $50.16 Billion with the total Outstanding Shares of 1.21 Billion. – Lending Club (LC), the world’s leading online marketplace connecting borrowers and shareholders, declared recently that Russell S. Elmer has been named General Counsel, reporting to Scott Sanborn, President and Chief Executive Officer. Elmer will succeed Jason Altieri who has served as the Company’s General Counsel for the past seven years.
Elmer, who was formerly with Lending Club from 2012 to early 2014, brings more than 25 years of legal experience, most recently as Deputy General Counsel and Corporate Secretary at PayPal Holdings Inc. (PYPL). As Lending Club General Counsel, Elmer will oversee all legal matters counting corporate securities, M&A, corporate governance, government and regulatory affairs and litigation.
“I’m thrilled to welcome Russ back to Lending Club as General Counsel,” said Scott Sanborn, President and CEO of Lending Club. “I believe his deep legal experience at the intersection of technology and finance in addition to his hands-on knowledge of our business will allow him to be incredibly effective as we enter Lending Club’s next phase.”