UK AI Company To Develop Next Gen Self-driving Cars

India, May 7 -- British AI company Wayve has announced plans to invest $1.05 billion to develop the next generation of AI-powered self-driving vehicles.

Backed by SoftBank Group, NVIDIA and Microsoft, Wayve will use this investment to develop and launch the first "embodied AI" technology for self-driving vehicles in the UK.

Embodied AI will enable automated vehicles to learn from and interact with a real-world environment, including the ability to navigate and learn from situations that do not follow strict patterns or rules, such as unexpected actions by drivers or pedestrians - going far beyond the capabilities of existing AV technology.

Between 2018 and 2022, the UK self-driving vehicle sector alone generated £475 million of dire...