According to @ReutersBiz, Nvidia has signed a letter of intent for a possible $500 million investment in the next funding round at UK autonomous driving firm Wayve, as stated by the company. Source: Reuters Business reut.rs/46JqfTT. Reuters previously reported that Wayve raised a $1.05 billion round in May 2024 led by SoftBank with participation from Nvidia and Microsoft, indicating an existing strategic relationship between Nvidia and Wayve that traders can factor into assessments of Nvidia’s automotive AI exposure. Source: Reuters. Reuters has also reported that AI-themed crypto tokens rallied during periods of heightened Nvidia-related AI enthusiasm in 2024, so crypto market participants may monitor AI narratives for sentiment spillover from major AI investment headlines. Source: Reuters.