Wayve Secures $2bn Investment from Microsoft and Softbank
British AI start-up Wayve is in talks for a landmark deal that could value the company at $8bn, accelerating the driverless car race.
Founded in 2017 by Cambridge PhD students Alex Kendall and Amar Shah, Wayve has developed a breakthrough approach to self-driving cars using machine learning and computer vision.
- Backed by elite investors including SoftBank, Nvidia, Microsoft, Ilya Sutskever, and Yann LeCun.
- Previous investments include a $1 billion round led by SoftBank and $500 million from Nvidia.
Wayve's AI-powered software is designed to make any car hands-free.
Author's summary: Wayve secures $2bn investment for AI-powered self-driving cars.
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