Nvidia and Wayve: $500M LOI and Gen‑3 Platform

Nvidia CEO Jensen Huang descended on the United Kingdom this week, armed with a pledge to invest $2.6 billion to supercharge the country’s AI startup ecosystem. Wayve, the U.K.-based self-driving tech startup, could be one of those to receive funds from Nvidia’s AI investment commitment.

Also, U.K.-based fintech Tide has entered the unicorn club with a fresh funding of $120 million led by TPG, as the startup now serves over 1.6 million micro and small enterprises globally — with more than half of them based in India, the company’s largest and fastest-growing market.

The new round — a mix of primary and secondary investment, though the startup declined to confirm the exact split — values the eight-year-old startup at $1.5 billion.

Learn more about your ad choices. Visit podcastchoices.com/adchoices