Wayve achieves Britain’s largest-ever fundraising round
AI + self-driving cars = money
Roundabouts? No problem. Emergency vehicles? Zebra crossings? A piece of cake. During a recent demonstration ride for The Economist in north London, a self-driving car operated by Wayve, a British startup, even steered around a photo-shoot taking place on the street. Its impressive technology is attracting attention. This week Wayve announced a $1.05bn funding round led by SoftBank, a Japanese conglomerate—Europe’s biggest-ever AI deal. Wayve has integrated its driving system with a chatbot-style language model, so it can explain what it is doing. The company aims to license its technology, which can be adjusted to work with any vehicle. Applied to vans, it is being used in grocery-delivery trials with Asda and Ocado. ■
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This article appeared in the Britain section of the print edition under the headline “Wayve hello”
Britain May 11th 2024
- The Labour Party’s grand bargain with business
- Who is Angela Rayner?
- Could the Greens become a force in British politics?
- Wayve achieves Britain’s largest-ever fundraising round
- Now it’s Prince William’s turn to shape British town planning
- The Conservatives’ world has disappeared. Don’t tell Rishi Sunak
From the May 11th 2024 edition
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