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Applied Intuition, whose software is used to train self-driving vehicles, has received investment offers valuing it at at least $30bn, The Information reports, citing people who have spoken to company leaders.
Why it mattersThe offers could encourage the company to raise at least $1bn in the coming months, the report says. That is a possible next step, not a completed fundraising round or a confirmed valuation. In the AI investment market, even the offers are a hefty signal.
Discuss: Should investors value self-driving software companies on the promise of future autonomy, or wait for evidence of broad commercial use?
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