logo
UK self-driving startup Wayve sets up Japan testing and development centre

UK self-driving startup Wayve sets up Japan testing and development centre

The Star22-04-2025

Executives from UK self-driving startup Wayve and SoftBank attend an event in Tokyo, Japan, April 22, 2025. REUTERS/Daniel Leussink
TOKYO (Reuters) -British self-driving technology startup Wayve said on Tuesday it has established a new testing and development centre in Japan, its first expansion into an Asian market.
Wayve said the new centre will allow it to speed up the development of AI-powered driving software in collaboration with automakers and support testing and developing of the technology in Tokyo and surrounding regions.
"By incorporating training data from Japan's complex road environments, Wayve will strengthen the generalization of its foundation model and enhance adaptability across global markets," Wayve said in a statement.
Japan's third-biggest automaker Nissan said this month its next-generation autonomous driving technology to be launched in fiscal 2027 will feature software supplied by Wayve.
Wayve, which is backed by SoftBank Group, is also testing its technology in the United Kingdom, Germany, the United States and Canada.
Unlike conventional systems that rely on detailed digital maps and coding, Wayve's technology uses machine learning with camera sensors mounted on the outside of vehicles to learn from traffic patterns and driver behaviour.
(Reporting by Daniel Leussink; Editing by Edwina Gibbs)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia's Monash IVF CEO quits days after second embryo mix-up in 2 months
Australia's Monash IVF CEO quits days after second embryo mix-up in 2 months

The Star

timean hour ago

  • The Star

Australia's Monash IVF CEO quits days after second embryo mix-up in 2 months

BENGALURU: Australian fertility business Monash IVF said on Thursday (June 12) that chief executive officer and managing director Michael Knaap has resigned, days after the company disclosed a second fertility clinic mix-up within two months. Shares of the company ended the session 9.1 per cent higher, indicating the news helped alleviate investor concerns that had sent the stock plummeting 38 per cent in the two months since the first mix-up was revealed after market hours on April 10. The IVF provider's finance chief, Malik Jainudeen, has taken over as acting CEO. The company, which has not yet disclosed the reason behind Knaap's resignation, did not immediately respond to a Reuters request for comment. Knaap had served as Monash's CFO for more than three years before taking over as CEO in April 2019. The second mix-up, reported a few days ago, raised concerns about an industry that did not have much active government attention until recently. In April, the fertility company confirmed a mix-up at its Brisbane clinic, where a patient unknowingly gave birth to another couple's child after an embryo from a different patient was mistakenly transferred. "Monash IVF has a lot of work to do to win back public trust and confidence, (and) they need a strong leadership team to do that," said Mary-Anne Thomas, Victoria's Minister for Health. Jefferies analysts, in a note from June 10, said they believe publicity around these incidents will likely lead to Australian IVF market share losses in the shorter-to-medium term. - Reuters

PolyU startups showcase innovation and entrepreneurial achievements at London Tech Week 2025
PolyU startups showcase innovation and entrepreneurial achievements at London Tech Week 2025

Malay Mail

timean hour ago

  • Malay Mail

PolyU startups showcase innovation and entrepreneurial achievements at London Tech Week 2025

PolyU participated in the world-renowned London Tech Week 2025 held from 9 to 11 June in London, UK. Group photo of Prof. Christopher Chao, PolyU Vice President (Research and Innovation) (front row, 5th from right), PolyU delegation and Ms Daisy IP, Head of Investment Promotion of InvestHK London (front row, 2nd from right). PolyU Startup Founder(s) Introduction Advantage Data Vision Limited Prof. Lawrence Wing Chi CHAN Associate Professor, Department of Health Technology and Informatics; and Director, Advantage Data Vision Limited The startup has leveraged massive real‑world, multi‑omics datasets and patented AI algorithms to create a cloud‑based platform that accurately predicts patients' response to cancer immunotherapy. The deep‑learning engine guides clinicians, optimises hospital resources, reduces adverse events and accelerates pharmaceutical trials through precise patient stratification and risk assessment, delivering tangible value worldwide. Light-weight Technologies Limited Prof. Jianguo LIN Chair Professor of Materials Technologies, Department of Industrial and Systems Engineering; and Co-founder and Chairman, Light-weight Technologies Limited Dr Qingsong WENG Research Associate, Department of Industrial and Systems Engineering; and Co-founder and Chief Executive Officer, Light-weight Technologies Limited The startup uses their globally unique light alloy manufacturing technologies, such as advanced hot stamping and extrusion techniques, with its self-developed smart industrial software and advanced simulation platform to produce ultra-thin, ultra-wide light alloy profiles and complex curved profiles that are unattainable with existing manufacturing processes. The startup provides high-strength, lightweight, cost-effective, and sustainable solutions that enable energy saving and emission reduction for the automotive, aerospace, railway, marine, and other engineering sectors, gaining wide recognition from leading global OEMs. UbiquiTech Innovations Limited Prof. Jiannong CAO Dean, Graduate School; Otto Poon Charitable Foundation Professor in Data Science; Chair Professor of Distributed and Mobile Computing; Director, Research Institute for Artificial Intelligence of Things; Director, University Research Facility in Big Data Analytics; and Co-founder and Chief Scientist, UbiquiTech Innovations Limited Dr Zhixuan LIANG PolyU GBA Postdoctoral Fellow; and Chief Executive Officer, UbiquiTech Innovations Limited The startup is committed to the intersection of robotics, AI and smart city solutions, with a view to developing cutting-edge autonomous robots designed to address complex challenges in modern urban and industrial environments. viAct Mr Gary Chun-kui NG Co-founder and Chief Executive Officer, viAct Mr Hugo CHEUK Co-founder and Chief Operating Officer, viAct viAct is a pioneer in AI monitoring technology dedicated to enhancing safety and efficiency in heavy industries such as construction, oil and gas, and manufacturing. The startup made it onto Forbes Asia 100 to Watch list in 2022. Its leading, globally deployed technology "Scenario-based Vision Intelligence", was showcased at renowned international events such as the World Economic Forum. HONG KONG SAR - Media OutReach Newswire - 12 June 2025 - The Hong Kong Polytechnic University (PolyU) took part in the world-renowned London Tech Week 2025 held from 9 to 11 June in London, UK, as the only participating university from Hong Kong. Four PolyU startups showcased their ground-breaking innovations in artificial intelligence (AI), advanced manufacturing technologies and healthcare solutions. The event attracted business leaders, industry experts and investors from around the world, providing the PolyU startups with valuable opportunities to explore potential collaborations and establish is committed to translating cutting-edge research into impactful solutions that address real-world challenges. Below are introductions to the four PolyU the event's panel discussion themed "Creating the Future from Campus: Why are University Spinouts so Important for Innovation?",, shared his insights into knowledge transfer, the nurturing of university spinouts, and the support and resources available to PolyU startups. Prof. Chao remarked, "Supported by PolyU's signature startup ecosystem,, our startups are spearheading translational innovations that generate long-lasting global societal impact. Our ecosystem not only provides invaluable development opportunities but also fosters the international growth of our entrepreneurs. I am delighted to see PolyU startups shine at London Tech Week, inspiring global audiences with their creativity and determination to make a difference."This year, the London Tech Week attracted over 45,000 participants from more than 90 countries, including startups, technology giants, investors and innovators. The event provided a platform for startups to engage in person with venture capitalists, corporate investors and angel investors; promote their solutions on dedicated stages; connect with industry leaders at the forefront of innovation; and gain valuable insights from successful entrepreneurs who have expanded globally. For more information, please visit the event website Hashtag: #PolyU The issuer is solely responsible for the content of this announcement.

Shares stumble after Trump's latest trade threat
Shares stumble after Trump's latest trade threat

The Sun

time2 hours ago

  • The Sun

Shares stumble after Trump's latest trade threat

HONG KONG, CHINA: Investors were rattled on Thursday after Donald Trump said he would impose unilateral tariffs on partners in the next two weeks, reigniting trade war fears soon after reaching a deal with China to dial down tensions between the superpowers. The mood was also shaded by geopolitical concerns after the US president said personnel were being moved from the Middle East as nuclear talks with Iran faltered and fears of a regional conflict grew. The equity losses snapped a recent rally fuelled by talks between Beijing and Washington in London that saw them hammer out a framework agreement to move towards a pact to reduce levies. Investors have been on edge since Trump's 'Liberation Day' tariff blitz on April 2 that sent shockwaves through stock and bond markets and stoked global recession fears. Days later he announced a pause in those measures until July 9 to allow for countries to cut deals with the White House, sparking relief rallies that have pushed some markets towards all-time highs. However, he once again shook confidence by saying on Wednesday that he intended to send letters telling governments what levies Washington would be imposing. 'We're going to be sending letters out in about a week-and-a-half, two weeks, to countries, telling them what the deal is,' he told reporters. 'At a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it.' While some analysts indicated that previous threats had been rowed back, the comments added to the ongoing uncertainty about Trump's policies, reviving fears about sky-high levies and the impact on the economy. They also came not long after he had flagged the London agreement, and posted on social media that 'President Xi and I are going to work closely together to open up China to American Trade', referring to his counterpart Xi Jinping. Stephen Innes at SPI Asset Management said: 'Whether this is a hardball negotiation tactic or a pressure valve reset ahead of another 90-day extension is anyone's guess -- but traders are reading it as another layer of headline risk. 'The market knows the Trump playbook: bark, delay, then deal. But the closer we get to the cliff's edge, the more likely someone slips.' Rate cut speculation Most Asian markets fell on Thursday, with Tokyo, Hong Kong, Wellington, Sydney, Taipei, Mumbai, Bangkok and Jakarta in the red after a broadly healthy run-up this week. London was lower as data showed the UK economy shrank more than expected in April, while Paris and Frankfurt also fell. There were gains in Singapore, Seoul and Wellington. Shanghai was flat. The weak performance followed losses on Wall Street, where trade worries overshadowed another below-forecast inflation reading that provided fresh speculation the Federal Reserve will cut interest rates. Oil prices slipped but held most of Wednesday's surge of between four and five percent that came after Trump said US personnel were being moved from the potentially 'dangerous' Middle East as Iran nuclear talks stutter. The move came as Tehran threatened to target US military bases in the region if a regional conflict broke out. The US president said the staff were 'being moved out because it could be a dangerous place'. 'We've given notice to move out and we'll see what happens.' With regard to Iran, he added: 'They can't have a nuclear weapon, very simple. We're not going to allow that.' Trump had until recently expressed optimism about the talks, but said in an interview published Wednesday that he was 'less confident'. Key figures at around 0715 GMT Tokyo - Nikkei 225: DOWN 0.7 percent at 38,173.09 (close) Hong Kong - Hang Seng Index: DOWN 1.0 percent at 24,128.75 Shanghai - Composite: FLAT at 3,402.66 (close) London - FTSE 100: UP 0.1 percent at 8,858.48 Euro/dollar: UP at $1.1516 from $1.1489 on Wednesday Pound/dollar: UP at $1.3563 from $1.3545 Dollar/yen: DOWN at 143.85 yen from 144.62 yen Euro/pound: UP at 84.91 pence from 84.79 pence West Texas Intermediate: DOWN 0.7 percent at $67.67 per barrel Brent North Sea Crude: DOWN 0.8 percent at $69.24 per barrel New York - Dow: FLAT at 42,865.77 (close)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store