SoftBank leads $1 billion funding for UK self-driving startup Wayve [Reuters]
Ford Motor Company (F)
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Source: Reuters
Group to accelerate the development and launch in production-model vehicles of its Embodied AI technology that can learn from and adapt to human behavior. Nvidia also contributed in the Series C funding round as a new investor, as did existing investor Microsoft The latest funding brings Wayve's total funds raised to just over $1.3 billion and marks the largest investment yet in a British startup focused on artificial-intelligence technology. In a statement, British Prime Minister Rishi Sunak hailed the funding round as "a testament to our leadership in this industry, and that our plan for the (UK) economy is working." Founded in 2017, Wayve's autonomous driving technology uses AI that the startup says will enable vehicles to "navigate situations that do not follow strict patterns or rules, such as unexpected actions by drivers, pedestrians, or environmental elements." "This will enable automakers and fleets to accelerate their transition from assisted to autonomous drivin
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