Nvidia is in negotiations with Wayve Technologies for a possible $ 500 million investment in autonomous car startup, in a movement that can further expand companies’ collaboration in the sector. The companies signed a letter of intent to evaluate the financing that, if completed, would be part of Wayve’s next round of funding, reinforcing a partnership started in 2018.
London -based Wayve bet on Nvidia’s technology to feed her Artificial Intelligence (AI) models. Its AI Training and Fleet Training Infrastructure is based on Microsoft Azure, which uses Nvidia’s hardware.
Startup develops software known as Embodied AI, which allows cars to interact, understand and learn from human behavior in real environments, giving vehicles a “robotic brain” capable of adapting to unexpected situations.
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The company said its next platform will be built on Nvidia’s Drive Agx Thor, a design, testing and implementation of autonomous vehicles used by companies such as Chinese Byd, Xiaomi and Swedish Volvo Car, according to Nvidia itself.
Nvidia had already invested in Wayve, which last year raised $ 1.05 billion of investors such as Japan’s Softbank Group, Microsoft and Nvidia itself.
In June, Uber Technologies and Wayve announced an agreement to start fully autonomous vehicle tests on public roads in London, as soon as all licenses and authorizations of local authorities are approved.
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At the time, the companies said they chose the British capital for their significant differences in relation to road layout and traffic laws compared to US cities, where most tests were being performed.
A more complex driving environment would allow companies to better develop the technology needed to deploy large -scale autonomous cars. Source: Dow Jones Newswires
*Content translated with the aid of artificial intelligence, revised and edited by the Broadcast writing, Real Time News System of the State Group
