Uber backs Wayve as it targets level 4 autonomous vehicles
Uber has made an investment in Wayve, as the ride-hailing giant positions itself to profit from the moment when (or if?) autonomous vehicles finally go mainstream. The undisclosed investment is an extension of Wayve’s massive $1bn funding round, announced in May. Under the deal, Uber has taken a minority stake in the London-based self-driving startup. “Wayve’s advanced embodied AI approach holds a ton of promise as we work towards a world where modern vehicles are shared, electric, and autonomous,” said Uber’s CEO Dara Khosrowshahi. Founded in Cambridge in 2017, Wayve fits a regular car with a range of cameras and…This story continues at The Next WebOr just read more coverage about: Uber
Uber has made an investment in Wayve, as the ride-hailing giant positions itself to profit from the moment when (or if?) autonomous vehicles finally go mainstream. The undisclosed investment is an extension of Wayve’s massive $1bn funding round, announced in May. Under the deal, Uber has taken a minority stake in the London-based self-driving startup. “Wayve’s advanced embodied AI approach holds a ton of promise as we work towards a world where modern vehicles are shared, electric, and autonomous,” said Uber’s CEO Dara Khosrowshahi. Founded in Cambridge in 2017, Wayve fits a regular car with a range of cameras and…
This story continues at The Next Web
Or just read more coverage about: Uber