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The London-based developer of artificial intelligence systems for self-driving vehicles raised the funding from SoftBank, Nvidia, Microsoft and others.

The table stakes for small companies to compete with the likes of Microsoft and Google are in the billions of dollars. And even that may not be enough.

Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.

The company raised $7.3 billion over the last year, as the lure of artificial intelligence changes Silicon Valley deal-making.