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Nvidia eyes $500M investment into self-driving tech startup Wayve
TechCrunch· 2025-09-19 20:55
Investment Commitment - Nvidia CEO Jensen Huang announced a £2 billion ($2.6 billion) investment to enhance the AI startup ecosystem in the UK [1] - The investment will include contributions from venture-capital investors such as Accel, Air Street Capital, Balderton, Hoxton Ventures, and Phoenix Court [3] Wayve's Strategic Investment - Wayve has signed a letter of intent with Nvidia for a potential $500 million strategic investment in its next funding round [2] - Nvidia previously participated in Wayve's $1.05 billion Series C funding round that closed in May 2024 [2] Wayve's Technology and Development - Wayve utilizes a self-learning approach for its automated driving system, which does not rely on high-definition maps [3][6] - The company plans to sell its "Embodied AI" technology to automakers and tech companies [4] - Wayve's generation 2 self-driving platform is integrated into Ford Mach E test vehicles and uses Nvidia GPUs [8] - The newly unveiled generation 3 platform employs Nvidia Drive AGX Thor, enabling advanced driving assistance systems and Level 4 driverless features [8] Relationship with Nvidia - Wayve has maintained a close development relationship with Nvidia since 2018, allowing its software to run on existing OEM vehicle chips [7] - Nvidia's commitment to Wayve is underscored by Huang's statement about the potential of Wayve becoming a trillion-dollar company [9]
Toyota launches e-Palette BEV for diverse mobility services
Yahoo Finance· 2025-09-16 09:50
Core Insights - Toyota Motor Corporation has launched the e-Palette battery electric vehicle (BEV) aimed at diverse mobility services, with deployment planned in TOYOTA ARENA TOKYO and Toyota Woven City [1][6] - The company aims to introduce Level 4 automated driving systems by fiscal year 2027 [2] Vehicle Specifications - The e-Palette has a total weight of 2,950 kg and can accommodate up to 17 individuals, reaching speeds of up to 80 km/h, powered by a 72.82 kWh main battery [2] - The vehicle can function as a shuttle bus during peak hours and transform into a store during the day while recharging [2] Customization and Accessibility - The interior of the e-Palette can be customized for various uses, including mobile entertainment, with features like low floors, wide sliding doors, and electric ramps for wheelchair access [3] Automated Driving Features - The vehicle is equipped with an automated driving kit (ADK) compatible with Toyota's vehicle control interface (VCI), including sensors like cameras and LiDAR for safety and reliability [4] - It features a "Steer-by-Wire System" to reduce steering effort for the driver [4] Additional Features - Digital signage for customized information display and a cabin monitoring system for door safety are included, along with standard and quick charging capabilities [5] - The e-Palette can also serve as an emergency power source during disasters [5]
QUALCOMM Incorporated (QCOM) and BMW Launches Snapdragon Ride Pilot, A Next-Generation Automated Driving System
Yahoo Finance· 2025-09-12 14:58
Group 1 - Qualcomm Incorporated (NASDAQ:QCOM) is recognized as one of the 11 Best Roth IRA Stocks to invest in currently [1] - Qualcomm and BMW launched the Snapdragon Ride Pilot, a next-generation automated driving system, on September 5, 2025, after three years of collaboration [2] - The Snapdragon Ride Pilot system utilizes Qualcomm's Snapdragon Ride SoCs and a co-developed AD software stack to provide safety-first autonomy, including NCAP compliance and Level 2+ hands-free driving capabilities [3] Group 2 - The Ride Pilot system is validated in over 60 countries, with plans to expand to over 100 countries by 2026, incorporating AI-powered perception and robust cybersecurity features [4] - Qualcomm is focused on developing AI-driven, low-power computing and connectivity platforms to enhance consumer experiences and drive digital transformation globally [5]