Wayve in talks to raise $2B from Microsoft, SoftBank at $8B valuation, FT reports

[Five stacks of coloured coins with a graph line above]
Richard Drury

* Autonomous driving technology group Wayve is reportedly in talks with investors, including Microsoft (NASDAQ:MSFT [https://seekingalpha.com/symbol/MSFT]) and SoftBank (OTCPK:SFTBY [https://seekingalpha.com/symbol/SFTBY]), to raise as much as $2 billion in funding.
* The potential investment could value the UK-based startup at approximately $8 billion, the _Financial Times_ reported on Monday, citing sources.
* Wayve earlier this year said [https://seekingalpha.com/news/4496443-nvidia-plans-500-million-investment-in-uks-self-driving-startup-wayve]Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) plans to invest $500 million in the company as part of a broader £2 billion ($2.7 billion) funding initiative to boost the UK's AI ecosystem.

MORE ON MICROSOFT

* Microsoft: Margins Will Hold Despite Higher CAPEX Outlook [https://seekingalpha.com/article/4829286-microsoft-margins-will-hold-despite-higher-capex-outlook]
* Microsoft: The AI Bubble's Best Risk/Reward Play [https://seekingalpha.com/article/4828846-microsoft-the-ai-bubble-best-risk-reward-play]
* Microsoft Stock Holds Firm Above Key Averages Amid AI Deal With AMD And OpenAI [https://seekingalpha.com/article/4828169-microsoft-stock-holds-firm-above-key-averages-amid-ai-deal-with-amd-openai]
* As Trump, Xi trade shots, 'buy tech on sell-off,' Wedbush says [https://seekingalpha.com/news/4503378-as-trump-xi-trade-shots-buy-tech-on-sell-off-wedbush-says]
* Former British Prime Minister Sunak to join Microsoft, Anthropic as adviser [https://seekingalpha.com/news/4503160-former-british-prime-minister-sunak-to-join-microsoft-anthropic-as-adviser]