Waabi, a Toronto-based self-driving startup, has just come out of stealth with an insane amount of $83.5 million in a Series A funding round led by Khosla Ventures. The company’s financial backers also include Geoffrey Hinton and other artificial intelligence scientists with great influence in the academia and applied AI community.
What makes the news interesting is that it is happening at a time that the self-driving industry is facing a downturn.
What makes Waabi different? The company aims to solve the “scale” challenge of self-driving car research and “bring commercially viable self-driving technology to society.” Those are two key challenges of the self-driving car industry.
What Waabi describes as its “next generation of self-driving technology” has yet to pass the test of time. But its execution plan provides hints at what directions the self-driving car industry could be headed.
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