Nvidia, Volvo Cars accelerate auto industry's data-processing power race

FILE PHOTO: Volvo's new electric car Volvo C40 Recharge is presented in Stockholm, Sweden March 2, 2021. Claudio Breciani/TT News Agency/via REUTERS

DETROIT (Reuters) - Volvo Cars said Monday it will use a new generation of high-powered chips from Nvidia Corp to enable more autonomous driving functions in future vehicles, starting next year.

Volvo is among a crowd of new and established automakers putting digital processing power ahead of horsepower as they try to catch up with Tesla Inc.