Nvidia (NASDAQ:NVDA), the U.S. semiconductor giant, has signed a letter of intent to possibly invest $500 million in London-based autonomous driving company Wayve, the British firm revealed Thursday.
Wayve, which currently operates in the UK and U.S., has been expanding its autonomous vehicle testing and development into new markets, including Germany and Japan.
The prospective funding comes on the same day Nvidia announced £2 billion ($2.7 billion) in planned investments aimed at supporting the UK’s artificial intelligence startup ecosystem.
These moves follow a recent UK-U.S. technology agreement designed to strengthen collaboration in AI and other emerging tech sectors.
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