Nvidia (NASDAQ:NVDA), the American chipmaker, has entered a letter of intent to potentially commit $500 million to Wayve, a UK-based self-driving technology company, the startup confirmed Thursday.
Wayve, currently active in the United Kingdom and United States, is broadening its testing and development programs into Germany and Japan, expanding its global footprint.
The potential investment coincides with Nvidia’s announcement of £2 billion ($2.7 billion) in funding for the UK artificial intelligence startup sector.
These initiatives align with a new UK-U.S. technology partnership, aiming to reinforce collaboration in AI and other high-tech areas.
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