Microsoft, SoftBank in talks for $2 billion investment in UK's Wayve, FT reports
Oct 13 (Reuters) - British autonomous driving technology group Wayve is in talks with Microsoft MSFT.O and SoftBank 9984.T to raise up to $2 billion in funding, which could value the firm at about $8 billion, the Financial Times reported on Monday, citing sources.
This comes after Nvidia NVDA.O had signed a letter of intent in September for a potential $500 million investment in London-based Wayve, as investors globally pour billions into fast-growing AI start-ups.
Wayve currently operates in Britain and the U.S. and has been expanding its testing and development operations to markets, including Germany and Japan.
The firm declined to comment on the report, while Microsoft and SoftBank did not immediately respond to Reuters' requests for a comment.
Founded in 2017, Wayve raised over $1 billion last year, led by SoftBank and supported by Nvidia. Ride-hailing platform Uber UBER.N also made an undisclosed investment in the firm in 2024.
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