Self-driving cars — powered by AI

The advancements in artificial intelligence that brought us AI chatbots and image generators are now fueling a fresh approach to self-driving cars.

Why it matters: Autonomous vehicle (AV) development is essentially stuck — it’s still too difficult and expensive to scale up the technology into a profitable business.

Driving the news: As AI begins to leap from the digital realm into the physical world, investors are pouring fresh capital into this next phase of AV development — “AV 2.0.”

Driverless truck company Waabi said today it had raised $200 million in an oversubscribed Series B round led by Uber and Khosla Ventures.
That follows a huge deal last month by Wayve, a U.K.-born startup, which raised $1.05 billion in a Series C round led by SoftBank Group.
Nvidia, one of the biggest names in AI, participated in both deals.
SoftBank also invested a reported $1 billion last September in Stack AV, an automated trucking company founded by former Argo AI execs.

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