Smart Eye: Launches AI platform2017-10-12 12:25, Edited at: 2017-10-12 12:36
Smart Eye today, Thursday, at NVIDIA's GPU Technology Conference in Munich, launched an AI (artificial intelligence) platform for the use in vehicles’ in-cabin environments. In the Volvo Drive Me project (trial of 100 autonomous cars on the roads of Gothenburg) Smart Eye's AI platform at the moment collects data on what is happening inside the car. Besides the DriveMe project Smart Eye cannot comment if there are other customers.
A few potential use cases, mentioned by Smart Eye, are seat belt sensors, the driver's characteristics (e.g. weight/size) or if there are children or pets that have been forgotten in the car. We also believe that insurance companies are very interested in how people are positioned in the car.
Smart Eye expects its AI platform to be compatible with NVIDIA's new Pegasus AI computer. Pegasus, launched at the same NVIDIA event, is a license plate sized computer with the AI performance of a 100-sever data center that can compute 320 trillion operations per second.
As we at the moment lack information on when and how much the AI platform can contribute to Smart Eye's bottom line we will for now not make any changes in our estimates. However, today's news are of course positive and gives a hint on the strong innovative force of Smart Eye's R&D departement. We look forward to more information over time.
Shares are up 10 percent at the moment but are still trading in the middle of our base and bear case of SEK 76 and SEK 26 respectively. Click here to read more on our valuation and the Smart Eye investment case in our initiaing coverage report that was published one month ago.
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