Nvidia eyes $500M investment into selfdriving tech startup Wayve | TechCrunch

Image for article Nvidia eyes $500M investment into selfdriving tech startup Wayve | TechCrunch
News Source : TechCrunch

News Summary

  • Wayve says it has signed a letter of intent with Nvidia to evaluate a $500 million strategic investment.
  • Nvidia participated in Wayve’s $1.05 billion Series C round that closed in May 2024.
  • “The next trillion-dollar company, you guys,” Huang said in a video featuring his first ride in a Wayve-equipped vehicle on public streets in London.
  • The company plans to sell its “Embodied AI” to automakers and other tech companies.
Nvidia CEO Jensen Huang descended on the United Kingdom this week, armed with a pledge to invest 2 billion ($2.6 billion) to supercharge the countrys AI startup ecosystem. Wayve, the U.K.based sel [+3167 chars]

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