Auto Industry Updates: Wolfspeed, NVIDIA, ABB, and Veritone in Focus
The University of Pittsburgh continues to pioneer interdisciplinary learning-technology innovations, as it strengthens its research capabilities through strategic partnerships and advanced technological support.
In a significant development, the university is set to leverage NVIDIA's full-stack AI platform and accelerated computing expertise. This collaboration aims to accelerate the workflows and enhance the scalability and resiliency of AI applications within the research groups at the University of Pittsburgh.
Meanwhile, the University of Pittsburgh is making strides in democratizing AI education in healthcare and medicine. The institution, which is ranked No. 6 among U.S. universities in research funding from the National Institutes of Health, is poised to lead the way in this critical field.
Elsewhere, Veritone, Inc. has announced significant enhancements to Veritone Track, its advanced AI-powered digital video forensics tool for public safety and law enforcement. The update includes a redesigned user interface that streamlines workflows and new functionality to automatically stitch together all video evidence where a person or vehicle of interest was found, creating a cohesive timeline.
Veritone Track leverages AI to detect vehicles of interest and automatically follow their movements using video footage from various camera sources. This technology reduces the need for manual review of countless hours of footage, drastically improving case clearance rates and operational efficiency.
In a separate development, Wolfspeed, a leading manufacturer of silicon carbide (SiC) semiconductors, is set to receive up to $750 million in funding under the U.S. CHIPS and Science Act. This funding agreement, signed provisionally in October 2024 between Wolfspeed and the U.S. Department of Commerce, is aimed at building new silicon-carbide fabs in North Carolina and New York and is expected to create around 3,000 construction jobs during the expansion phase.
The investment by the Department of Commerce is intended to offset a portion of the costs of Wolfspeed's capital-intensive expansion plans. The expansion includes building advanced 300mm silicon carbide wafer fabs that will enhance Wolfspeed's capacity to manufacture SiC semiconductors, which are critical for high-voltage, high-temperature, and high-frequency power electronics used in electric vehicles, aerospace, defense, and emerging technologies.
This funding is a crucial part of Wolfspeed's broader $2.5 billion capital investment plan to expand SiC manufacturing capacity in the U.S., supporting national semiconductor supply chain resilience goals under the CHIPS Act framework.
Lastly, the University of Pittsburgh, ranked No. 14 among U.S. universities granted utility patents, is also home to iDEMS, a dynamic application powered by Veritone's leading enterprise AI platform, aiWARE. This platform leverages the combined power of more than 300 pre-trained and trainable, best-of-breed cognitive AI and generative AI models across more than 20 cognitive categories in a single AI platform.
NVIDIA aims to accelerate the innovation, commercialization, and operationalization of a technical community for physical AI, robotics, autonomous systems, and AI across the nation and the globe. The company will provide the University of Pittsburgh with access to its latest AI software and frameworks, including NVIDIA Isaac Lab, Isaac Sim, NeMo, and NIM microservices.
These collaborations and advancements underscore the University of Pittsburgh's commitment to driving innovation and pushing the boundaries of AI research and applications.
The University of Pittsburgh, through its partnership with NVIDIA, is set to apply the full-stack AI platform and accelerated computing expertise, demonstrating its interest in integrating technology with finance, particularly AI applications within research groups.
The University of Pittsburgh's iDEMS, powered by Veritone's aiWARE, is a testament to the University's focus on technology, leveraging AI for utility patent applications.
