Wayve Pursues $2B Funding from Microsoft and SoftBank Amid AI Boom
Wayve, a prominent UK startup company focusing on artificial intelligence, seeks up to $2 billion in funding from Microsoft and SoftBank Group amid a booming AI investment landscape.
- Wayve, founded in 2017 in the United Kingdom, is negotiating with Microsoft and SoftBank Group for potential funding that could reach up to $2 billion.
- If successful, the funding deal may elevate Wayves valuation to approximately $8 billion, according to insiders familiar with the discussions.
- The funding comes as global investors actively seek opportunities in fast-growing sectors like artificial intelligence, spurred by advancements from companies like Nvidia.
Why It Matters
This funding initiative not only underscores the growing interest in artificial intelligence but also highlights the competitive landscape among major players like Microsoft and SoftBank Group to invest in innovative technologies, such as self-driving cars.