"U.S. chip designer Nvidia has signed a letter of intent for a possible $500 million investment in the next funding round at Britain's Wayve, the autonomous driving technology group said on Thursday. The development comes after Britain and the United States signed a technology pact aimed at boosting ties in artificial intelligence and other fields. Founded in 2017, Wayve raised over $1 billion last year, led by SoftBank Group and supported by Nvidia."
"Wayve's technology, unlike conventional systems that rely on detailed digital maps and coding, uses machine learning with camera sensors mounted on the vehicles to learn from traffic patterns and driver behaviour. Its autonomous driving platforms have been powered by a partnership with Nvidia, whose chips are now bolstering a global AI boom. The London-based Wayve currently operates in Britain and the U.S. and has been expanding testing and development to wider markets like Germany and Japan."
Nvidia has signed a letter of intent to potentially invest $500 million in Wayve's next funding round. Britain and the United States recently signed a technology pact to strengthen ties in artificial intelligence and related fields. Founded in 2017, Wayve raised over $1 billion last year led by SoftBank Group with Nvidia's support, and Uber made a separate investment in 2024. Wayve uses machine learning with vehicle-mounted cameras to learn from traffic patterns and driver behaviour instead of relying on detailed digital maps and coding. Wayve operates in Britain and the U.S. and is expanding testing to Germany and Japan. Nvidia also pledged £2 billion to the British AI startup ecosystem.
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