Microsoft, SoftBank in talks for $2 billion investment in UK's Wayve, FT reports

Core Insights - British autonomous driving technology group Wayve is in discussions with investors, including Microsoft and SoftBank, to secure up to $2 billion in funding, which could potentially value the start-up at approximately $8 billion [1] Company Summary - Wayve is focused on developing autonomous driving technology and is currently seeking significant investment to enhance its operations and market position [1] - The involvement of major investors like Microsoft and SoftBank indicates strong interest and confidence in Wayve's technology and future prospects [1] Industry Context - The autonomous driving sector is experiencing increased investment activity, with companies seeking substantial funding to advance their technologies and compete in a rapidly evolving market [1] - The potential valuation of $8 billion reflects the growing importance and financial backing of autonomous driving solutions within the broader automotive and technology industries [1]