Nvidia Eyes Major Stake in Wayve as AI Collaborations Strengthen
Nvidia plans a $500 million investment in Wayve, a London-based autonomous driving tech firm, as part of its next funding round. This follows a UK-US technology alliance and complements Nvidia's £2 billion commitment to Britain's AI startups. Wayve, which uses innovative machine learning approaches, is partnering with Nvidia in global expansion efforts.
In a significant development, Nvidia, a leading U.S. chip designer, has inked a letter of intent for $500 million investment in Wayve, the autonomous driving technology company. This move aligns with a recently signed UK-U.S. technology pact, which fosters collaboration in artificial intelligence.
Wayve, founded in 2017, has already garnered over $1 billion in investments, notably from SoftBank Group and Nvidia, with Uber also contributing in 2024. The company stands out for its unique machine learning approach, leveraging camera sensors to interpret traffic dynamics rather than relying on digital maps and coding.
Wayve's expansion is underscored by its partnership with Nvidia, as their chips fuel the global AI surge. While continuing operations in the UK and U.S., Wayve is extending its presence into markets such as Germany and Japan. Nvidia's additional pledge of £2 billion towards British AI startups signals robust support for the burgeoning AI sector.
(With inputs from agencies.)
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