- Microsoft and SoftBank’s $2B investment aims to raise Wayve’s valuation to $8B.
- Nvidia and Uber join as investors in the autonomous driving sector.
- No immediate effects on major cryptocurrencies, focus remains on core investments.
Microsoft and SoftBank are planning a large $2 billion funding round for UK autonomous driving startup Wayve, bolstering its valuation to approximately $8 billion by 2025.
With major tech investors involved, this funding could impact innovation in autonomous technology, but limited direct effects on major cryptocurrencies have been observed currently.
Microsoft and SoftBank are planning a significant $2B investment round for British autonomous driving startup Wayve. This initiative is poised to increase Wayve’s valuation to an estimated $8B.
The key entities involved include Microsoft, SoftBank, and Wayve, with Nvidia and Uber as investors. These organizations anticipate major transformations within the autonomous vehicle sector. They collectively aim to fortify Wayve’s market presence and technological strides.
This investment is unlikely to alter cryptocurrencies’ landscape, although indirect advantages for AI-themed digital assets may emerge. Historically, similar funding into AI and related fields has elevated sector stocks but sparingly affected crypto assets.
At present, neither Microsoft nor SoftBank disclosed plans to incorporate blockchain or cryptocurrency within Wayve’s growth trajectory. Regulatory bodies, including the UK FCA, have issued no statements linking these developments to crypto markets.
https://twitter.com/FT/status/1704437391116650000
While this funding highlights the growing interest in autonomous technology, it steers clear of cryptocurrency involvement. Should future blockchain integration occur, tokens like Matic or AI-themed assets may garner attention, yet current trajectories focus on core investments without crypto avenues.
