Microsoft, SoftBank in $2 billion investment talks with Wayve, FT says
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STORY: Wayve is in talks with Microsoft and Softbank to raise up to $2 billion in funding.That's according to the Financial Times, citing sources on Monday.It would value the British driving technology group at around $8 billion.The discussions come weeks after Nvidia signed a letter of intent with Wayve.The U.S. tech giant aims for a potential $500 million investment in the London-based company.Investors have poured billions globally into fast-growing AI start-ups.Wayve currently operates in Britain and the U.S.It has expanded its testing and development operations to markets, including Germany and Japan, working with the likes of Nissan on features designed to assist drivers in urban areas.The firm declined to comment on the report.Microsoft and SoftBank didn't immediately respond to Reuters' requests for comment.
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STORY: Wayve is in talks with Microsoft and Softbank to raise up to $2 billion in funding.That's according to the Financial Times, citing sources on Monday.It would value the British driving technology group at around $8 billion.The discussions come weeks after Nvidia signed a letter of intent with Wayve.The U.S. tech giant aims for a potential $500 million investment in the London-based company.Investors have poured billions globally into fast-growing AI start-ups.Wayve currently operates in Britain and the U.S.It has expanded its testing and development operations to markets, including Germany and Japan, working with the likes of Nissan on features designed to assist drivers in urban areas.The firm declined to comment on the report.Microsoft and SoftBank didn't immediately respond to Reuters' requests for comment.