Microsoft & SoftBank Invest $2 Billion in Wayve to Boost Autonomous Driving

Tech giants Microsoft and SoftBank have announced a major investment of $2 billion in UK-based autonomous driving startup, Wayve. This significant funding aims to increase Wayve’s valuation to an estimated $8 billion by 2025. Joining this venture are industry powerhouses Nvidia and Uber, further solidifying Wayve’s position within the autonomous vehicle sector. While this investment is expected to drive innovation in autonomous technology, it has no immediate impact on major cryptocurrencies. Microsoft and SoftBank have not indicated any plans to integrate blockchain or cryptocurrency into Wayve’s operations.