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PALO ALTO, Calif. – Shares of Rivian Automotive declined 6.1% Thursday after the electric vehicle maker held its first " Autonomy and AI Day ," with plans to eventually launch self-driving EVs.

Rivian CEO RJ Scaringe and other executives said the automaker has developed a custom chip, car computer and new artificial intelligence models that will enable it to bring autonomous features to its forthcoming vehicles.

Rivian also said it plans to roll out an Autonomy+ subscription with "continuously expanding capabilities" to customers of its second-generation vehicles in early 2026, to be powered by its Rivian Autonomy Processors and autonomy computers.

The Autonomy+ offering will be priced at $2,500 as a o

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