Nvidia Backs UK Self-Driving Startup Wayve in $1 Billion Round
- SoftBank leads funding for artificial intelligence company
- Wayve is in talks with automakers to launch tech, CEO says
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US chipmaker Nvidia Corp. is investing in Wayve Technologies Ltd., joining a $1.05 billion funding round for the UK startup that wants to get its autonomous-driving technology into cars.
The raise — one of the largest ever for a European artificial intelligence company — was led by SoftBank Group Corp., with existing investor Microsoft Corp. putting in further funds. The valuation was not disclosed.