For Rivian Automotive (NASDAQ: RIVN) investors, the R2 understandably grabs plenty of attention and inspires much optimism about the young electric vehicle (EV) maker's future. Building and selling more affordable electric vehicles is obviously a big part of the company's growth story. But Rivian also needs to make the technology inside those vehicles worth paying for. That's exactly where Rivian's recent acquisition comes into the fold. Buying an artificial intelligence (AI) start-up might sound like another expensive project with a distant payoff. But this deal could support two near-term opportunities: additional investment from Uber Technologies and more compelling paid features for existing or future Rivian owners. Let's dig in.
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