Wayve Secures $2bn Investment from Microsoft and Softbank
British AI start-up Wayve is in talks for a landmark deal, potentially valuing the company at $8bn, as the driverless car market accelerates.
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.
- Wayve's technology teaches vehicles to drive through real-world video and data, rather than relying on pre-programmed rules.
- The company is backed by elite investors, including SoftBank, Nvidia, Microsoft, Ilya Sutskever, and Yann LeCun.
Wayve's AI-powered software is designed to make any car hands-free, with the goal of revolutionizing the automotive industry.
Wayve has developed a unique approach to self-driving cars, using machine learning and computer vision to teach vehicles how to drive.
Author's summary: Wayve receives $2bn investment from Microsoft and Softbank.