Wayve Secures $2bn Investment from Microsoft and Softbank
British AI startup 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.
- Wayve's approach teaches vehicles to drive through real-world video and data.
- The company is already 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.
Using machine learning and computer vision to teach vehicles how to drive through real-world video and data.
Author's summary: Wayve receives $2bn investment from Microsoft and Softbank.