Self-driving cars are still a thing of skepticism among most drivers. Despite being hailed as the future of the automotive industry, a significant safety flaw remains unresolved in these systems. Wayve, a British AI startup specializing in autonomous driving technology, believes that their embodied AI technology is the solution to this problem. Established in 2017 and backed by high-profile investors like Microsoft and Nvidia, Wayve has raised over $1 billion to accelerate development of their technology.
Wayve’s embodied AI technology allows vehicles to interact with, comprehend, and learn from human behavior in real-world environments. This promotes greater usability and safety in autonomous driving systems. The company’s co-founder and CEO, Alex Kendall, sees this funding as a major endorsement of their vision for autonomous driving. Anne Marie D. Lee, editor for CBS MoneyWatch, covers a range of topics including personal finance, the workplace, travel, and social media.
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