As Rivian faces declining demand for electric vehicles, CEO RJ Scaringe emphasizes the company's $5.8 billion partnership with Volkswagen and its focus on AI and self-driving technology. The introduction of advanced sensors and cameras on their Gen 2 vehicle aims to enhance self-driving capabilities. Rivian is moving away from traditional rules-based driving systems, adopting modern AI techniques to facilitate faster development. Scaringe believes that self-driving technology is critical for the company's future success, as it enhances user experience by freeing up consumers' time.
"It’s incredibly important. It arguably becomes the most important part of the business-the vehicle's ability to drive itself. Consumers start getting their time back..."
"On our Gen 2 vehicle, we started working on designing an entire camera set, with 55 megapixels, more than any other vehicle sold in the U.S..."
"Self-driving developed before 2021 was heavily rules-based. But now, we can use end-to-end training, using modern techniques akin to what's used in large language models and transformers..."
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