Microsoft, SoftBank in talks for $2 billion investment in UK's Wayve, FT reports
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This comes after Nvidia had signed a letter of intent in September for a potential $500 million investment in London-based Wayve, as investors globally pour billions into fast-growing AI start-ups. Wayve currently operates in Britain and the U.S. and has been expanding its testing and development operations to markets, including Germany and Japan. The firm declined to comment on the report, while Microsoft and SoftBank did not immediately respond to Reuters' requests for a comment.
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This comes after Nvidia had signed a letter of intent in September for a potential $500 million investment in London-based Wayve, as investors globally pour billions into fast-growing AI start-ups. Wayve currently operates in Britain and the U.S. and has been expanding its testing and development operations to markets, including Germany and Japan. The firm declined to comment on the report, while Microsoft and SoftBank did not immediately respond to Reuters' requests for a comment.