London self-driving startup Wayve will train its AI Driver models on CoreWeave Cloud under a multi-year deal, CoreWeave said Monday. The deal uses Nvidia Blackwell chips to train, test and simulate the software that controls Wayve's vehicles. Neither company disclosed the deal's value or length, and CoreWeave shares fell about 3% before the market opened.
London self-driving startup Wayve will train its AI models on CoreWeave’s cloud under a multi-year deal, CoreWeave said Monday. Neither company disclosed the value or length of the agreement. CoreWeave shares fell about 3% before the market opened.
What will Wayve use CoreWeave Cloud for?
Wayve will use Nvidia Blackwell chips on CoreWeave Cloud to train, test and simulate its AI Driver, the software that controls its vehicles. The system 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.
Silvius Rus, Wayve’s senior vice president of engineering, described the training cycle. “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,” he said.
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. Mercedes-Benz plans to put the AI Driver in its production cars.
Does Wayve also train its models on Microsoft Azure?
Valued at $8.6 billion in February, Wayve counts Microsoft and Nvidia among its backers. The company has used Microsoft’s Azure cloud to train its models since 2022, so the CoreWeave agreement may not be exclusive.
For CoreWeave, the deal is a move beyond chatbot makers and into “physical AI,” such as cars and robots. Microsoft accounted for about two-thirds of its revenue last year, according to Stocktwits. This year the company has added deals with Meta and Jane Street.
How did CoreWeave shares react to the Wayve deal?
The news did little for the stock. Shares fell about 3% before the open and were on course for an 18-month low, Stocktwits reported. They had already dropped in a post-midterm sell-off last week. Investor worries about CoreWeave’s roughly $50 billion of debt drove a sharp selloff in October.
Cet article a été rédigé avec l'assistance de l'IA.
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