Uber is strategically investing in Wayve as part of a $1.05 billion Series C funding to enhance autonomous driving technology. They aim to integrate Wayve's AI into consumer vehicles for future ride-hailing operations.
Wayve's self-learning AI, which utilizes cameras and radar instead of lidar, allows for greater flexibility in autonomous vehicle integration for manufacturers, differing from Tesla's approach, by offering Level 2+ to Level 4 driving capabilities.
The partnership is expected to leverage Wayve's autonomous technology on Uber's platform, with vehicles potentially joining the Uber network, although specific details of the collaboration and its timeline remain undisclosed.
Testing of Wayve's technology is currently underway in the U.K. on Jaguar I-Paces and Ford E-Transits, and they plan to expand their Level 2+ advanced driver assistance system to new markets.
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