Volvo Cars said Monday it will use a new era of substantial-driven chips from Nvidia Corp to allow more autonomous driving functions in potential motor vehicles, commencing future year.

Volvo is among the a crowd of new and founded automakers placing electronic processing power in advance of horsepower as they try out to catch up with Tesla Inc.

Nvidia, a maker of higher-run chips for gaming and info processing centers, has benefited from the computing electrical power race among automakers. Company Main Govt Jensen Huang advised buyers Monday Nvidia forecasts it can generate $8 billion in income more than the upcoming 6 decades from profits of its Nvidia Drive automotive devices.

Tesla, the world’s most valuable automaker, has taken the guide in software-driven functions and purposeful ability in section by equipping its cars and trucks and SUVs with highly effective, and pricey, on-board computer systems that can deal with intricate tasks these kinds of as automatic driving, and be upgraded above the air.

“Nvidia’s pipeline of automotive orders has developed into the a lot of billions of bucks,” Danny Shapiro, Nvidia’s senior director of automotive, instructed reporters ahead of the firm’s GTC21 convention Monday. Earnings for the company’s automotive organization fell 23{c9ada2945935efae6c394ba146a2811ce1f3bfd992f6399f3fbbb16c76505588} in 2020.

Volvo Autos, owned by China’s Geely Holding, mentioned it will use Nvidia’s new Generate Orin process, with considerably much more processing ability than present Nvidia chips made use of in Volvo motor vehicles, starting with a new generation XC90 activity utility thanks to start subsequent yr.

In a nod to Tesla, Volvo mentioned vehicles equipped with the new Nvidia Orin methods will be “hardware-completely ready” for autonomous driving options these types of as a “Freeway Pilot” feature that will be activated by means of a application download “when it is confirmed to be safe for person geographic areas and circumstances.”

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Faraday Long term said it will supply autonomous driving, parking and a “summon” element in its FF 91 design because of out in 2022. Tesla by now features a “summon” technique that will allow a vehicle to navigate as a result of a parking good deal at the owner’s distant command.

Rival automakers like Daimler AG and a number of Chinese electrical auto startups are taking a very similar method.

Nvidia also reported Monday it is acquiring a new on-board personal computer technique on a chip called Atlan that will give a vehicle the computing electrical power presently uncovered in a information heart. This chip ought to be all set for 2025 styles, Nvidia explained.