Nvidia eyes $500M investment into self-driving tech startup Wayve

Nvidia CEO Jensen Huang visited the UK with a commitment to invest £2 billion ($2.6 billion) to boost the country’s AI startup ecosystem, with a potential $500 million strategic investment targeted at Wayve, a UK-based self-driving technology startup. Wayve has signed a letter of intent with Nvidia to explore this investment as part of its next funding round, following Nvidia’s participation in Wayve’s $1.05 billion Series C round in May 2024. The investment is aligned with Nvidia’s broader AI startup funding initiative, which also involves venture capital firms like Accel and Balderton. Wayve is advancing its self-driving technology through a data-driven, self-learning approach that does not rely on high-definition maps, making it adaptable to existing vehicle sensors such as cameras and radar. Wayve’s autonomous driving platform, which has been developed in close collaboration with Nvidia since 2018, currently uses Nvidia GPUs in its Ford Mach E test vehicles. The company recently unveiled its third