AMD contributed $60 million to a strategic investment in British startup Wayve. This funding forms part of a $1.2 billion Series D round for the autonomous driving firm.
Wayve develops mapless artificial intelligence that adapts to new geographies without pre-recorded data. The startup provides a hardware-agnostic platform designed for various vehicle architectures.
AMD joins a group of major semiconductor investors including Qualcomm, Arm, and Nvidia. This move aims to secure AMD's position as a key hardware supplier for the next generation of intelligent vehicles. The collaboration ensures AMD technology remains compatible and competitive within the evolving automotive AI market.