Laser lidar startup Luminar, founded and led by the youngest self-made billionaire tracked by Forbes, will supply its sensors to Nvidia for a new autonomous vehicle technology platform that the chip and computing powerhouse is developing for automakers to install in consumer cars and trucks. The news pushed Luminar’s shares up more than 20%.

Nvidia aims to supply the DRIVE Hyperion system, powered by its Orin “systems on a chip” computing hardware, AI-enabled software and Luminar’s long-range Iris lidar, to automakers starting in 2,024 Luminar said at Santa Clara, California-based Nvidia’s annual GTC conference. The platform, which also integrates cameras and radar for additional sensing capability, includes everything needed for mass-production vehicles to operate autonomously in highway driving, Nvidia said earlier this year.

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