British driverless car firm raises $1bn from investors in Europe’s biggest AI deal to date

BRITAIN’S hopes of rivalling Silicon Valley were boosted yesterday as a driverless car company raised $1billion (£790million) from investors.

The cash injection into Wayve, the biggest to date in a European AI start-up, brings self-driving cars closer to reality.

Tim AndrewBritish driverless car firm Wayve has raised $1bn in Europe’s biggest AI deal to date[/caption] SuppliedWayve has developed AI algorithms which analyse real-life driving scenarios[/caption]

Wayve has...