Are self-driving vehicles the future of the automotive industry? For London-based AI company Wayve, the answer is clear. “I founded Wayve because I believe that physical AI is one of the biggest opportunities of our generation,” CEO Alex Kendall said.
“I believe that physical AI is one of the biggest opportunities of our generation.”
Alex Kendall
CEO of Wayve
Rather than developing and operating proprietary robotaxi fleets, however, Wayve licenses its AI foundation models to major automakers worldwide to embed into their own vehicles, from passenger cars to robotaxis. These models are built on embodied AI — the integration of AI into physical systems — and continuously refine driving behavior based on camera and sensor inputs. As a result, vehicles can interact with and learn from real-world environments, reacting to unexpected scenarios even without prior training exposure or pre-mapping.
“What makes Wayve stand out is that they are taking a technology-driven approach that’s right not just for today, but that can also adapt for [tomorrow],” said Matt Gehl, co-head of International Technology Investment Banking at J.P. Morgan. “We want to be part of their journey — not just so we’re there in the future, but so we can help them get there.”
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