Wayve, an A.I. Start-Up for Autonomous Driving, Raises $1 Billion [The New York Times]
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Source: The New York Times
Wayve, a London maker of artificial intelligence systems for autonomous vehicles, said on Tuesday that it had raised $1 billion, an eye-popping sum for a European start-up and an illustration of investor optimism about A.I.’s ability toreshape industriesSoftBankWayve, which had previously raised about $300 million, did not disclose its valuation after the investment.Wayve was co-founded in 2017 by Alex Kendall, a Cambridge University doctorate student focused on computer vision and robotics. Unlike generative A.I. models, which create humanlike text and images and are being developed by OpenAI, Google and Anthropic, the so-called embodied A.I. systems made by Wayve serve as the brains for physical objects, be they cars, robots or manufacturing systems. The A.I. allows a machine to make real-time decisions on its own.“The full potential of A.I. is when we have machines that are in the physical world that we can trust,” Mr. Kendall said.Companies focused on autonomous driving are facing
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