Wayve raises $1B to take its Tesla-like technology for self-driving to many carmakers

Wayve, a U.K.-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed $1.05 billion in Series C funding led by SoftBank Group. This is the U.K.’s largest AI fundraise ever and sits among the top 20 AI fundraises globally to date. […]

Biden administration plans $285M in CHIPS Act funding for digital twins

President Joe Biden’s administration is looking to fund efforts that improve semiconductor manufacturing by using digital twins. Digital twins are virtual models used to test and optimize physical objects and systems. For example, auto manufacturers are looking to use digital twins of their factories to […]