UK-based Wayve, a pioneer in self-driving car technology, has recently secured an impressive investment exceeding $1 billion (£800 million) to advance the next era of AI-driven vehicles. Spearheaded by Japan’s SoftBank, this funding marks a significant milestone in the European AI startup landscape. Reports Technology News
Joining SoftBank in this substantial investment are prominent players like Nvidia and Microsoft from California. This infusion of $1.05 billion signifies a resounding endorsement of Wayve’s vision and capabilities.
Established in London in 2017, Wayve is poised to utilize this substantial financial backing to propel the development and introduction of cutting-edge “embodied AI” technology for autonomous vehicles within the UK.
This innovative approach to AI empowers self-driving vehicles to not only learn from but also engage with real-world scenarios. It equips them with the ability to adapt and respond to situations that defy conventional patterns or rules, such as unpredictable behaviors exhibited by drivers or pedestrians.
Wayve’s cutting-edge technology has seamlessly assimilated into six vehicle platforms, encompassing electric vehicles like the Jaguar I-Pace and the Ford Mustang Mach-E, amplifying their capabilities within advanced driver assistance systems.
Across the automotive landscape, major players are channeling investments into autonomous vehicle development. Notably, a slew of startups has emerged, among them Alphabet’s Waymo and General Motors’ Cruise in the United States.
 in funding. This significant investment is earmarked for the advancement of the next wave of AI-driven self-driving vehicles.){kind=link}