Cognitive Pilot Joins NVIDIA Inception
Cognitive Pilot, an autonomous driving technology joint venture of Sberbank and Cognitive Technologies group, has joined NVIDIA Inception, with the support of which it will promote and expand its AI-based solutions on international markets. NVIDIA Inception is a program designed to nurture companies revolutionizing industries with advancements in AI and data sciences.
“Within NVIDIA Inception, we will get unique technical expertise from NVIDIA and its partners, as well as an opportunity to train our specialists in the NVIDIA Deep Learning Institute,” said Olga Uskova, CEO of Cognitive Pilot. “NVIDIA partner companies include such IT giants as Oracle, Amazon and Microsoft. NVIDIA is also willing to provide us with special pricing for its products. NVIDIA Inception program will offer us an opportunity to collaborate with industry-leading experts and other AI-driven organizations.”
Cognitive Pilot will be able to work with NVIDIA’s partner network in the U.S. and South America to promote its products on those markets.
“We have already registered a U.S. subsidiary – Cognitive Pilot Corporation – that is based in Houston, Texas. This representative office will be responsible for recruiting new dealers and partners to promote and sell the Cognitive Agro Pilot system, handling product delivery and certification/patent issues, and building a partner network in the United States. Dealers will also be in charge of direct servicing of our clients,” said Uskova.
Already this year, about 25% of Cognitive Pilot’s sales will be export sales. For now, this is mainly to Argentina and Brazil, where Cognitive Pilot has partnerships and relationships with a number of local suppliers of high-tech solutions for agriculture.
By working with NVIDIA, the company expects to significantly increase its penetration rate in the global AI for agriculture market, which has enormous potential. According to several analyst firms, the global market for autonomous farm equipment is growing rapidly. It will experience a 10% compound annual growth rate (CAGR), reaching $150 billion (U.S.) by 2031, predicted Fact.MR. Similarly, The Business Research Co. forecast a CAGR of 15%, with the market growing from $62.31 billion in 2020 to $127.3 billion in 2025.
“By becoming a member of NVIDIA Inception, we will not only get vast opportunities to develop our own business through support in reaching new markets and technological assistance, but also to establish cooperation with leading industry experts and organizations working in the field of AI across the globe,” Uskova added.
NVIDIA Inception helps tech companies during critical stages of product development, prototyping and deployment. Every NVIDIA Inception member gets a custom set of ongoing benefits, such as