On January 25, 2024, in MENLO PARK, California, Cyngn Inc. (Nasdaq: CYN) announced a significant advancement in its technology for autonomous commercial vehicles by integrating Nvidia AI computers into its fleet of DriveMod vehicles. This move follows Tesla’s initiative to transition from Intel microchips to Nvidia AI desktops, aligning with its pioneering Autopilot technology. The transformation will encompass the entire DriveMod portfolio, including the DrivingMod Tugger, DrivingMod Stockchaser, and Riding-Mod Forklift.
Cyngn’s decision to leverage Nvidia AI computers stems from its commitment to enhancing vehicle efficiency and capacity while reducing production costs. Nvidia’s computers provide unparalleled processing power and a state-of-the-art development environment, aligning perfectly with Cyngn’s vision for the future of intelligent mechanical systems.
Lior Tal, the chairman and CEO of Cyngn, commended the forward-thinking nature of Nvidia’s AI computers, referring to them as “the powerhouses of the future.” By integrating these computers into their vehicles, Cyngn anticipates not only a significant cost reduction by streamlining the DriveMod system components but also a decrease in power consumption. The adoption of Nvidia’s AI computers for advanced technology platforms like DriveMod reinforces Cyngn’s position as an industry leader in innovation, as evidenced by its expanding patent portfolio and continuous investment in research and development.
Cyngn’s integration of Nvidia computers into its DriveMod vehicles signifies a substantial leap towards reshaping the mechanical technology landscape and embarking on a transformative journey. The company remains dedicated to pushing boundaries and delivering cutting-edge solutions that enhance the efficiency and safety of its autonomous vehicles.
About Cyngn
Cyngn specializes in developing and implementing flexible and cutting-edge autonomous vehicle technology for professional organizations. Its self-driving solutions empower businesses to enhance productivity and efficiency by addressing prevalent challenges such as labor shortages, costly security incidents, and the increasing consumer demand for eCommerce.
Through Cyngn’s DriveMod Kit, customers can seamlessly integrate self-driving technology into their operations without incurring substantial initial expenses or needing to overhaul existing vehicle investments. DriveMod, part of Cyngn’s Business Autonomy Suite, includes a range of AV fleet management tools, teleoperation capabilities, analytics solutions, and the internal toolkit Evolve.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Sections 27A and 21E. Forward-looking statements are identified by words like “expects,” “anticipates,” “believes,” “plans to,” “potential,” and similar expressions. These statements are based on management’s current expectations and beliefs but are subject to risks, uncertainties, and assumptions that could lead to materially different outcomes. Visitors are advised that forward-looking statements are inherently uncertain and may be affected by various factors, as outlined in the Company’s Form 10-K filed with the SEC on March 17, 2023. Cyngn is under no obligation to update these forward-looking statements based on new information or future events.
