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US chip designer Nvidia has signed a letter of intent for a possible $500 million investment in the next funding round at Britain‘s Wayve, the autonomous driving technology group said on Thursday.
The development comes after Britain and the United States signed a technology pact aimed at boosting ties in artificial intelligence and other fields.
Founded in 2017, Wayve raised over $1 billion last year, led by SoftBank Group and supported by Nvidia. Ride-hailing platform Uber had also made a separate investment in the firm in 2024, for an undisclosed…
