Wayve Receives $2bn Cash Injection from Microsoft and Softbank
British AI start-up Wayve is in talks for a landmark deal that could value it at $8bn, accelerating the driverless car race.
Founding and Development
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.
- Teaches vehicles to drive through real-world video and data
- Does not rely on pre-programmed rules
Investors and Funding
Wayve is backed by elite investors, including:
- SoftBank
- Nvidia
- Microsoft
- Ilya Sutskever, OpenAI co-founder
- Yann LeCun, Meta's Chief AI Scientist
Last year, SoftBank led a $1 billion round, with Nvidia adding $500 million in September.
Wayve's AI-powered software is designed to make any car hands-free.
Author's summary: Wayve receives a $2bn investment from Microsoft and Softbank.
More News
- “Man Utd are quite convinced…” - Fabrizio Romano reveals “complete” star will leave Old Trafford in 2026
- ‘No Kings’ protests liveblog: Scenes from around Southern Colorado’s big and small cities and towns
- 'No Kings' protests against Trump planned nationwide, in what the GOP calls 'hate America' rallies
- B.C. Lions 37, Edmonton Elks 24: Robert Carter interception, TD run key in surging Vancouver win
- EU Updates Age Verification Standards for Minors
- Borrower Monitoring, AI Processing, DPA, Verification Tools; Events and Training; Robots Will do What?
- TBA, Appraisal, Reverse Mortgage Tools; STRATMOR on AI and Competition; Can the CFPB be Willed Away?
- Crowds gather across Colorado for ‘No Kings’ protests