Nvidia holds a significant ownership stake in Serve Robotics, a leader in sidewalk delivery robots that spun out of Uber. The company has a multi-year contract with Uber and is advancing in autonomous vehicle software, including reaching level four autonomy, which presents valuable intellectual property.
“Nvidia also disclosed a 3.7 million share position in serve robotics toer SCV or 31.6 million this is really interesting on two points first because that means Nvidia owns 88.4% of the outstanding shares of this company by far its largest position by ownership also though is because Nvidia was an early investor into the company putting up $10 million in 2022 that prior investment was worth $17 million when serve issued shares in an IPO this year but the investment disappeared from nvidia's 13f report now whether some of these shares were held on to after that or whether it's a totally new investment Nvidia is still backing the company serve robotics spun out of uber in 2021 and is the leader in sidewalk delivery robots Market it says it could be worth $450 billion by 20130 Uber is still a major company with a multi-year contract for 2,000 delivery robots to be operating by the end of next year and it's already completed tens of thousands of deliveries for Uber Eats 7-Eleven and other customers and one overlooked upside here it could be its lead in that autonomous vehicle software one of the few to reach level four autonomy that intellectual property and the potential to reach level five autonomy isn't just valuable to the company in its main business but in other applications that could become a revenue source for serf”