Summary:
Uber has partnered with AI startup Wayve, investing in the company for a minority stake.
Wayve's AI technology can power all levels of autonomous driving in any vehicle.
Uber plans to integrate Wayve's technology into its app, eventually offering self-driving rides.
This investment follows Uber's previous investments in Aurora Technologies and Cruise, and collaborations with Waymo and Lyft.
The partnership highlights the ongoing trend of collaboration and innovation in the autonomous driving industry.
Uber Teams Up with AI Startup Wayve to Accelerate Autonomous Driving
Ride-hailing giant Uber has partnered with British AI startup Wayve, investing an undisclosed amount for a minority stake. This collaboration aims to bring autonomous driving technology to consumers faster.
Wayve's 'general purpose' driving AI can power all levels of automation in any vehicle, anywhere in the world. The company's AV2.0 technology, an algorithm-based product, uses data from the physical environment to enable vehicles to drive themselves. This technology can equip vehicles with Level 2+ advanced driver assistance, as well as Level 3 and 4 automated driving capabilities.
Uber plans to integrate Wayve's AV2.0 technology into consumer vehicles, eventually offering self-driving rides through its app. This investment builds on Wayve's recent $1 billion Series C funding round, led by SoftBank, with participation from Nvidia and Microsoft.
This partnership follows Uber's previous investment in Aurora Technologies and its recent tie-up with Cruise, highlighting the company's commitment to advancing autonomous driving. Uber has also previously offered rides in Waymo's self-driving vehicles, demonstrating a broader industry trend toward collaboration and innovation in this space.
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