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12h ago

Nvidia Signs Letter of Intent to Evaluate $500 Million Investment in Wayve

The potential stake stems from Nvidia's pledge to invest in U.K. AI startups.

Wayve Nvidia Jensen
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Wayve is collaborating with fleet operators to develop Wayve AI Driver solutions for last-mile delivery and ride-hail

Overview

  • Wayve said the letter of intent covers a $500 million strategic investment under evaluation for its next funding round, with no closing date disclosed.
  • TechCrunch reported that the tentative commitment is linked to Nvidia's £2 billion plan to support the U.K.'s AI ecosystem.
  • Wayve and Nvidia have collaborated since 2018, and the startup's new Gen-3 platform is built on Nvidia Drive AGX Thor hardware.
  • The Gen-3 system is designed to deliver eyes-off advanced driver assistance and Level 4 features for both city streets and highways.
  • Wayve pursues a camera-driven, map-light approach intended to run across multiple vehicle types, with Nissan targeting 2027 integration and Uber preparing London driverless trials.