Uber backs Wayve as it targets level 4 autonomous vehicles

Quick Summary:

Uber has made an investment in Wayve, as the ride-hailing giant positions itself to profit from the moment when (or if? ) autonomous vehicles finally go mainstream.

The undisclosed investment is an extension of Wayve’s massive $1bn funding round, announced in May.

Under the deal, Uber has taken a minority stake in the London-based self-driving startup.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsSouth Africa

Topics: Insider Artificial Intelligence Deep tech Investors and funding Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 10:51:20 (2 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 22307942

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About The Next Web

Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 1 days ago

Coverage Areas: Netherlands

Ownership: Independent Company

Publication Timezone: GMT +1:00

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News Language: English

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Publisher ID: #13

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