Wayve

Wayve, a British autonomous driving start-up, is in talks with Microsoft and SoftBank over a potential $2 billion funding round, valuing the company at $8 billion.

Summary of transaction details:

• Value: $2 billion
• Sector: DeepTech & AI
• Advisor: Not disclosed
• Key Entities: Wayve, Microsoft, SoftBank, Nissan
• Location: UK

Note: The planned investment signals continued confidence in Britain’s AI innovation sector, amidst intensifying global competition in autonomous driving and artificial general intelligence, and is expected to support the development of Wayve’s AI-powered software for hands-free cars.