Nvidia is in advanced discussions to invest $500mn in UK self-driving car company Wayve, as part of the US chipmaker’s planned £2bn funding pledge earmarked for British start-ups.
Jensen Huang, Nvidia’s chief executive, announced the prospective deal as he stood alongside British Prime Minister Sir Keir Starmer at an event in London on Thursday following President Donald Trump’s state visit.
He also promised several more investments in UK-based companies, including financial technology group Revolut, telling the audience of tech entrepreneurs and investors that “the [first] trillion-dollar company in the UK will be an AI company . . . that’s for sure”.
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