Silicon Republic May 7, 2024
UK PM Rishi Sunak said the latest funding marks the biggest investment ever made in a UK-based AI company.
UK autonomous driving AI start-up Wayve has raised more than $1bn in a Series C round led by SoftBank and backed by Nvidia and Microsoft.
Founded in 2017, Wayve has built an end-to-end deep learning autonomous driving system for public roads. The London-headquartered start-up is now building AI foundation models for autonomy, what it describes as “GPT for driving”. These models, Wayve claims, can “see, think and drive” through any environment.
The latest investment will help the company launch its first Embodied AI products for production vehicles. As its core AI model advances, Wayve said these products will help manufacturers upgrade...
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