Core Viewpoint - Rivian (RIVN) experienced a significant stock increase of 15.1% following the launch of its self-developed RAP1 chip, which is based on Arm architecture, along with autonomous driving hardware equipped with lidar and a paid Autonomy+ plan aimed at achieving "hands-free driving" over 3.5 million miles of road, with a long-term vision targeting L4 autonomous driving and self-driving taxis [1][2]. Group 1 - Rivian's stock surged by 15.1% on Friday morning [1][2] - The company introduced the RAP1 chip, which is based on Arm architecture [1][2] - The new autonomous driving hardware includes lidar technology [1][2] Group 2 - Rivian's Autonomy+ plan is a paid service aimed at achieving "hands-free driving" [1][2] - The company has set a goal to implement this technology over 3.5 million miles of road [1][2] - Rivian's long-term vision includes L4 level autonomous driving and self-driving taxis [1][2]

AI Development - Rivian is transitioning to AI-defined vehicles [1] - Rivian Unified Intelligence is a common AI foundation across the company [1] - The platform is multi-agent, multi-LLM, and multi-modal, developed in-house [1] Product Roadmap - Rivian Assistant will be available early next year [1]

RT Sawyer Merritt (@SawyerMerritt)This is Rivian's next-generation Autonomy hardware and software platform, which the company says is a "self-improving, end-to-end AI system for our autonomy platform that scales."• 11 cameras (65 total megapixels)• 5 radars• New front-facing LiDAR• Powered by a new in-house designed chip called RAP1 (5nm TSMC)Rivian also detailed its software-first approach to autonomy, powered by the new Rivian Autonomy Platform and an end-to-end data loop used for training. The company in ...

RT Rivian (@Rivian)Rivian Autonomy & AI Day is here.Join us for a look at the next big leap in Autonomy and AI with CEO @RJScaringe and leaders from across our Autonomy, Hardware and Software teams.Live at 9am PST on X. https://t.co/BiYmROfI12 ...

Core Viewpoint - Shares of Rivian Automotive increased by 18% following positive analyst commentary regarding the company's development of a custom chip for self-driving features and its initiatives in the electric vehicle market [1] Group 1: Company Developments - Rivian Automotive is focusing on creating a custom chip aimed at enhancing self-driving capabilities, which is seen as a significant step forward in its technology development [1] - The bullish sentiment from analysts reflects confidence in Rivian's potential to innovate within the electric vehicle sector, particularly in the pickup truck and SUV segments [1] Group 2: Market Reaction - The 18% surge in Rivian's stock price indicates strong market enthusiasm and investor confidence in the company's future prospects [1]

Group 1 - The core viewpoint of the article highlights a significant increase in the stock prices of various electric vehicle companies, indicating positive market sentiment towards the sector [1] Group 2 - Tesla (TSLA.US) saw its stock rise over 2%, with an intraday increase exceeding 3% [1] - Xpeng Motors (XPEV.US) experienced a stock increase of over 1% [1] - Li Auto (LI.US) reported a stock rise of over 2% [1] - NIO (NIO.US) had a stock increase of over 1.6% [1] - Rivian Automotive (RIVN.US) showed a remarkable stock increase of over 16% [1]

Core Viewpoint - Rivian Automotive's stock surged over 16%, reaching a new high for the year at $19.19, following the announcement of its self-developed AI chip "RAP1" [1] Group 1: Company Developments - Rivian has developed the RAP1 chip, which will be integrated into the upcoming R2 SUV, replacing NVIDIA's technology [1] - The RAP1 chip is capable of processing 5 billion pixels per second and achieving a computational speed of 16 trillion operations per second, which is four times faster than the current system that relies on NVIDIA chips [1]

Core Viewpoint - Rivian's stock surged over 18% to $19.44 following the announcement of its proprietary RAP1 chip for the upcoming R2 SUV, which will replace NVIDIA's technology and integrate lidar sensors [1][2] Group 1: Technology Advancements - Rivian will utilize the RAP1 chip in its R2 SUV, enhancing its self-driving capabilities [1] - The new vehicle's computing module will feature two RAP1 chips, capable of processing 5 billion pixels per second and achieving a computation speed of 160 trillion operations per second, which is four times faster than the current NVIDIA-based system [2]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - The stock prices of electric vehicle companies have risen significantly, indicating positive market sentiment towards the sector [1] Group 1: Stock Performance - Tesla (TSLA.US) saw an increase of over 2%, with a peak rise of more than 3% after market opening [1] - Xpeng Motors (XPEV.US) rose by over 1% [1] - Li Auto (LI.US) experienced a gain of over 2% [1] - NIO (NIO.US) increased by over 1.6% [1] - Rivian Automotive (RIVN.US) surged by over 16% [1]