Byju's Founder Admits: "It's Worth Zero"
Speaking to journalists, Raveendran admitted to a series of missteps that led to the company's downfall.
Elliot Kim
In a significant expansion, UK-based startup Wayve is bringing its cutting-edge self-learning automated driving software to the US, with testing underway in San Francisco and a new office opening in Sunnyvale, California. This move marks a major milestone for the company, which secured a whopping $1 billion in funding just a few months ago from investors including SoftBank Group, Nvidia, Microsoft, and Uber.
Wayve's innovative approach to autonomous driving uses self-learning AI, similar to Tesla's technology, which sets it apart from traditional rules-based systems. The company's test drivers will be taking to the roads in a fleet of specially equipped Mustang Mach-E EVs, with the goal of eventually selling its "Embodied AI" solution to automakers, robotics companies, and beyond.
This US expansion is a significant step forward for Wayve, as it looks to make a splash in the global autonomous driving market. With its sights set on revolutionizing the industry, Wayve's technology has the potential to transform the way we think about transportation and mobility.
Speaking to journalists, Raveendran admitted to a series of missteps that led to the company's downfall.
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