Wejo surges on Microsoft partnership to develop software platform
04/01/2022 22:01
** U.K.-based connected vehicle data analytics firm's shares
WEJO.O rise 40.6% to $8.88 in aftermarket trading
** Wejo says it is developing processing platform in
partnership with Microsoft Corp MSFT.O called Wejo Neural
Edge, which uses machine learning for efficient handling of
vehicle data at scale urn:newsml:reuters.com:*:nBw6CDpgVa
** The platform will generate insights to help automotive
manufacturers reduce costs and improve manufacturing of vehicles
- WEJO
** From record high on Nov 18, when WEJO completed SPAC
merger, stock has declined 68.3% up to last close
(Reporting by Chavi Mehta in Bengaluru)
((Chavi.Mehta@thomsonreuters.com;))