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AI startup Wayve wins $1bn SoftBank, Nvidia and Microsoft funding for self-driving car software
Japan’s SoftBank leads largest investment to date in a European artificial intelligence company
The UK self-driving car technology startup Wayve has secured more than $1bn (£800m) of investment to develop the next generation of artificial intelligence-powered vehicles, with the funding round led by Japan’s SoftBank. Wayve’s current technology is integrated into six vehicle platforms including electric cars such as the Jaguar I-Pace and the Ford Mustang MachE, as part of advanced driver assistance systems. The automated vehicle bill is expected to become law in the coming weeks and is designed to unlock a “transport revolution” by enabling the safe deployment of self-driving cars, according to the government.
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