Uber takes stake in SoftBank-backed self-driving tech startup Wayve [Video]

LONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology.

As part of the deal, Uber is also investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. The investment is an extension of Wayve’s $1 billion Series C funding round announced earlier this year, which was led by Japanese tech investor SoftBank.

U.S. chipmaker Nvidia and software giant Microsoft also invested in Wayve’s Series C.

“Wayve is building a ‘general purpose’ driving Al that can power all levels of driving automation in any type of vehicle, anywhere in the world,” Alex Kendall, Wayve’s co-founder and CEO, said in the statement.

He said that, together with Uber, Wayve is “excited to work with Automotive OEMs [original equipment makers] to bring autonomous driving technologies to consumers sooner.”

Uber CEO Dara Khosrowshahi added that the two companies “share a …