Uber ready to go driverless in the UK Tech Uber has declared itself “ready to go” with driverless taxi services in the UK, saying it could roll out the technology immediately if regulators give the green light. Andrew Macdonald, the taxi giant’s senior vice president of mobility, told the BBC the company is prepared to deploy robotaxis as soon as the “regulatory environment is [...]
Wayve: Nvidia, Uber and Softbank backed EV startup set for global expansion Tech British artificial intelligence (AI) startup Wayve, which develops autonomous vehicle systems, has announced plans to accelerate its international expansion by launching a new hub in Stuttgart, Germany. Backed by tech giants Uber and Softbank, the self-driving firm is testing its AI-powered self-driving tech in Germany and the US and plans to secure partnerships with various automakers. [...]
UK venture capital industry not attracting enough domestic funding, says report Entrepreneurship The UK’s venture capital industry is not attracting enough funding from domestic investors compared with the likes of France and Germany, a report from the sector’s industry body has warned. Venture Capital in the UK, a new annual paper from the British Venture Capital Association (BVCA), found the country’s risk capital sector had shown “resilience” [...]
Uber partners with Wayve to offer self-driving rides August 29, 2024 Uber has already announced tie-ups with self-driving group's Waymo and Cruise this year as it pushes into the nascent autonomous vehicle market.
HSBC: UK’s AI startups on track to raise record-breaking £3.4bn this year July 16, 2024 The UK continues to be the premier European hub for startup innovation and investment, outpacing France and Germany combined in the first half of 2024.
UK sweeps a third of European tech funding in 2024 as London and Cambridge boom July 11, 2024 UK firms have received nearly a third of European venture capital tech funding so far this year, new data shows, as investors flock back to London and Cambridge bolsters its credentials as an international hub.
Wayve: Loss widens at British AI darling backed by Nvidia, Microsoft and Softbank June 12, 2024 Wayve, the British artificial intelligence (AI) start-up that secured an investment of more than £800m recently, saw its losses pass £40m during its latest financial year.
What Wayve’s billion-dollar round says about the UK’s fundraising landscape May 12, 2024 Wayve's latest funding round was heralded as a watershed moment for UK tech, but also revealed a worrying trend about our fundraising landscape.
Wayve: Nvidia and Microsoft back British self-driving startup in boost for UK’s AI goals May 7, 2024 Wayve has conducted trials on UK public roads since 2018 and has already partnered with delivery fleets from Asda and Ocado.