Credit: Omar:. Lopez-Rincon on Unsplash London self-driving startup Wayve will train, test and simulate its AI Driver on CoreWeave’s Nvidia Blackwell cloud under a multi-year deal. Terms were not disclosed. CoreWeave shares fell about 3% before the market opened.
Wayve, the London startup building self-driving software, will train its AI models on CoreWeave’s cloud under a multi-year deal, CoreWeave said on Monday. Neither company disclosed the value or length of the agreement. Wayve will use Nvidia Blackwell chips on CoreWeave Cloud to train, test and simulate its AI Driver. The software learns from driving data gathered in more than 70 countries.
Wayve started out on Weights & Biases, an AI model-tracking tool that CoreWeave bought last year. “Our AI Driver gets better by running this data flywheel: gathering real-world driving experience, training on it, evaluating it, and deploying only what outperforms what is already on the road,” said Silvius Rus, Wayve’s senior vice president of engineering. Wayve doesn’t build cars. It licenses its software to carmakers and ride-hailing firms. Uber started carrying passengers in Wayve-driven cars in London in September, with a safety driver in every car, and Mercedes-Benz plans to put the AI Driver in its production cars.
The startup, valued at $8.6B in February, counts Microsoft and Nvidia among its backers. It has used Microsoft’s Azure cloud to train its models since 2022, so the CoreWeave deal may not be exclusive. For CoreWeave, the deal is a push beyond chatbot makers into “physical AI,” such as cars and robots. Microsoft made up about two-thirds of its revenue last year, Stocktwits reported.
This year it has added deals with Meta and Jane Street. The news did little for its shares, which fell about 3% before the market opened and were on course for an 18-month low, Stocktwits said. They had already dropped in a post-midterm sell-off last week. Worries about CoreWeave’s roughly $50B of debt drove a sharp selloff in October.
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