Nvidia, the world’s most valuable company, is in advanced talks to pump $500 million (£400m) into Wayve, a UK-based self-driving car start-up.
The fresh investment follows the company’s participation in Wayve’s record $1.1bn funding round last year alongside Microsoft, which was the largest ever for a European AI business.
The new funding commitment was unveiled during an event in London coinciding with President Trump’s state visit, where Nvidia pledged £2bn in UK start-up investments spanning AI and fintech. Beneficiaries include digital bank Revolut and video AI company Synthesia.
Jensen Huang, Nvidia’s chief executive, told an audience of tech leaders and investors that he expects the UK’s first trillion-dollar company will be an AI business.
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