Ambarella (AMBA), Applied Intuition Partner for AV Development
Ambarella AMBA recently announced that it has entered into a partnership with California-based Applied Intuition to jointly build an autonomous vehicle (AV) development solution.
The advanced driver assistance systems (ADAS) solution is based on Ambarella’s CV3-AD peripheral component interconnect express (PCIe) hardware-in-the-loop (HIL) card and Applied Intuition’s simulation software. It allows customers to test their ADAS or AV stack directly on a CV3-AD system-on-chip (SoC), ignoring any electronic control units related delays.
By installing AMBA’s CV3-AD PCIe card directly into development desktop or server infrastructure, customers will be able to conduct HIL testing in a cost-effective manner in a much less time than previously possible. In January 2022, Ambarella launched CV3 AI domain controller SoC for implementing autonomous driving for vehicles from Level 2+ to Level 4, single- and multi-camera ADAS, Driver Monitoring System and in-cabin solutions, single- and multi-channel electronic mirrors with blind-spot detection and intelligent parking assistance systems.
Ambarella CTO, Les Kohn, stated, “Applied’s broad set of software solutions and Ambarella’s CV3-AD HIL card enable customers to verify their full ADAS or AV software stack in a real-time, bit-accurate virtual environment. This allows extensive testing of potentially dangerous scenarios without real-world driving, reduces costs and accelerates time to production.”
Ambarella, Inc. Price and Consensus
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Ambarella’s CV3-AD PCIe single-chip provides up to 500 eTOPS, i.e., Graphic Processing Unit (GPU) equivalent trillion operations per second of CVflow AI processing for neural network computation. The system includes a general vector processor, an advanced image processor, a dense stereo and optical flow engine, up to 16 Arm Cortex-A78AE Central Processing Units and an automotive GPU in a single SoC.
The CV3 chip from AMBA simultaneously processes in-cabin sensing applications, including driver and occupant monitoring, along with covering the whole AD stack. It supports the full range of viewing, recording, sensing and path planning applications. It accelerates automakers’ development timelines and simplifies the deployment of new features by providing the headroom for a single, robust over-the-air update implementation.
In December, Ambarella unveiled the first ever centrally processed 4D imaging radar architecture for AI-based ADAS, Level 2+ to Level 5 autonomous driving systems and autonomous robotics. The unique, software-designed architecture enables both central processing of raw radar data and deep, low-level fusion with other sensor inputs, including cameras, lidar and ultrasonics. The new 4D imaging radar architecture features convenient over-the-air software upgrades that are pushed to the CV3 SoC and aggregated across all systems’ radar heads.
Ambarella possesses deep technical knowledge in camera-based SoCs which act as the company’s main growth driver given the growing demand for ADAS technology lately. Most global automakers are currently in various stages of developing self-driving cars, creating huge demand for camera-based SoCs and computer vision technology. Moreover, AMBA’s SoC designs integrate high-definition video processing, image processing, audio processing and system functions onto a single chip, which help in delivering exceptional video and image quality at high compression rates, differentiated functionality and low power consumption.
During third-quarter fiscal 2023, the company’s revenues increased 2% to $80.9 million, primarily on improvement in the automotive and security camera businesses. We believe that the growing demand for security cameras with computer vision capability might give Ambarella an opportunity to increase its value contribution per camera while further accelerating its top line.
Zacks Rank & Key Picks
Ambarella currently carries a Zacks Rank #3 (Hold). Shares of AMBA have decreased 59.9% in the past year.
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