London-based autonomous driving start-up Wayve has secured $1bn in funding from investors including SoftBank, Microsoft, and Nvidia. The investment highlights investor confidence in the potential of artificial intelligence (AI) to revolutionise industries. Wayve uses cameras, sensors, and modern car technologies to develop AI systems for self-driving vehicles. The start-up focuses on embodied AI systems that allow machines to make independent real-time decisions, rather than relying heavily on maps or lidar sensors. Wayve plans to use the funding to further develop its technology and expand into new markets. The start-up is currently in talks with major automobile manufacturers to integrate its software into vehicles.

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