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Wayve reported that the firms have committed to a letter of intent to assess the investment.
Nvidia has been an investor in Wayve since 2018, providing AI chips for its systems through their partnership. The U.S. semiconductor manufacturer took part in the startup's funding round last year, which secured more than $1 billion. The lead investor was the Japanese conglomerate SoftBank Group.
Wayve was established in 2017. The firm created an AI system for vehicles utilizing machine learning along with cameras and sensors to assess driving conditions and driver actions.
Wayve's AI technology enables vehicles to maneuver through any setting without depending on maps, as stated on the company's website.
source: bloomberg.com
Nvidia has been an investor in Wayve since 2018, providing AI chips for its systems through their partnership. The U.S. semiconductor manufacturer took part in the startup's funding round last year, which secured more than $1 billion. The lead investor was the Japanese conglomerate SoftBank Group.
Wayve was established in 2017. The firm created an AI system for vehicles utilizing machine learning along with cameras and sensors to assess driving conditions and driver actions.
Wayve's AI technology enables vehicles to maneuver through any setting without depending on maps, as stated on the company's website.
source: bloomberg.com