A British AI startup specializing in self-driving technology has raised more than $1 billion from high-profile backers including Microsoft; Computer chip maker Nvidia.
The London-based company, called Wayve, said on Tuesday that the funding will help it develop embodied AI technology that allows cars to “interact with, understand and learn from human behavior in real-world environments.” He said that it is possible to accelerate The company touts its new AI products as “paving the way to increasing the usability and safety of self-driving systems.”
While self-driving cars are the future of the automotive industry, Serious safety flaws in autonomous driving systems Auto industry experts told CBS MoneyWatch that when there is a potential accident, the system often hands control back to the human driver without enough time for someone to avoid a collision.
Founded in 2017, Wayve and its investors believe that embodied AI is the solution to existing self-driving car safety issues, describing the technology as “GPT for driving.” are doing.
“Since our founding, we have held a core belief that end-to-end AI enables autonomy,” Wayve co-founder and CEO Alex Kendall said in a blog post Tuesday. I've come,'' he said. “We are pleased with our progress and that this funding is a major endorsement of our vision.”
