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LONDON - British self-driving technology startup Wayve said on Tuesday it has raised $1.05 billion in a funding round led by SoftBank Group to accelerate the development and launch in production-model vehicles of its Embodied AI technology that can learn from and adapt to human behavior.Nvidia also contributed in the Series C funding round as a new investor, as did existing investor Microsoft.
In a statement, British Prime Minister Rishi Sunak hailed the funding round as"a testament to our leadership in thisFounded in 2017, Wayve's autonomous driving technology uses AI that the startup says will enable vehicles to"navigate situations that do not follow strict patterns or rules, such as unexpected actions by drivers, pedestrians, or environmental elements."
The startup's technology is currently integrated into six different vehicle platforms including electric vehicles like the Jaguar I-PACE and Ford Mustang MachE as part of advanced driver assistance systems , Kendall said. As the self-driving technology advances, Wayve's AI will be upgraded using over-the-air software updates.
Among the main challenges is that self-driving software systems have simply lacked humans' ability to predict and assess risk quickly, especially when encountering unexpected incidents or"edge cases."
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