Nvidia is reportedly in discussions for a $500 million investment in UK-based self-driving car company Wayve. This investment is part of a larger £2 billion commitment from Nvidia to bolster the UK's AI startup ecosystem. The funding aims to fuel innovation, create new jobs, and help the UK compete in the global AI market.
Wayve, a leading AI startup developing self-driving software for carmakers, has already secured $1.1 billion in funding from investors including Microsoft and SoftBank. Nvidia's additional investment will bring Wayve's total funding to $1.8 billion. Wayve has expanded its operations to Japan and Germany, and has plans to double its headcount across its global offices.
Nvidia's CEO, Jensen Huang, has expressed confidence in the UK's potential to lead the next wave of AI innovation, citing the country's world-class universities, bold startups, and cutting-edge supercomputing infrastructure. Nvidia's investment will provide UK startups with access to capital, advanced GPU technology, and collaboration opportunities with Nvidia's engineers.
