Rivian Automotive (RIVN) will host its first “Autonomy and AI Day” on Thursday, as the electric vehicle maker turns to artificial intelligence to help bolster its growth prospects amid a broader EV slowdown.
The company is expected to reveal progress on its technology roadmap, including its autonomous vehicle platform and data flywheel.
“Over the longer term, we believe what will differentiate Rivian’s autonomous capabilities will be our end-to-end AI-centric approach,” its CEO Robert Scaringe said during last month’s earnings call.
Rivian (RIVN) spent nearly two years building its own AI assistant, TechCrunch reported, with more details likely to be revealed during the event.
The AI assistant is designed to be integrated with all vehicle controls. Much of the AI software stack was developed in-house, while Rivian (RIVN) tapped other companies for specific agentic AI functions.
The EV maker is also preparing for the launch of R2, a more affordable midsize electric SUV, in the first half of next year.
Its CFO Claire McDonough recently reaffirmed that R2 and Rivian’s (RIVN) technology road map will be “truly transformative” for growth and profitability.
But Morgan Stanley struck a more cautious tone last Sunday, as “slowing adoption, loss of the $7,500 tax credit, and persistent consumer concerns (range anxiety, charging infrastructure, residual values, battery tech, affordability) create headwinds that a mass-market vehicle may struggle to overcome in the near-term.”