{"id":519026,"date":"2026-07-10T09:27:21","date_gmt":"2026-07-10T09:27:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/519026\/"},"modified":"2026-07-10T09:27:21","modified_gmt":"2026-07-10T09:27:21","slug":"odyssey-co-founder-jeff-hawkes-journey-from-forklifts-to-a-real-world-ai-start-up-thats-just-raised-529m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/519026\/","title":{"rendered":"Odyssey co-founder Jeff Hawke\u2019s journey from forklifts to a real-world AI start-up that\u2019s just raised $529m"},"content":{"rendered":"<p class=\"gngXgPCjmfo\" style=\"display:none\">No matter. By that time, Hawke was back in school, first earning a master\u2019s degree in robotics from the Georgia Institute of Technology then, after graduating in 2013, hopping the pond for a PhD in Applied AI at Oxford.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">This was years before artificial hit the mainstream, but another Kiwi expat in the UK, fellow Auckland University engineering school mechatronics grad Alex Kendall, was already cooking up a way for AI to learn how to navigate traffic lights and roundabouts for his self-driving car technology start-up, Wayve. <\/p>\n<p><img  alt=\"Jeff Hawke, who was raised in Mt Albert, was last in Auckland for Easter. He and his family visit once a year.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Jeff Hawke, who was raised in Mt Albert, was last in Auckland for Easter. He and his family visit once a year.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">The idea was that a car would \u201csee\u201d the world via camera, radar or LiDAR (Laser Imaging, Detection and Ranging) or other sensors, then the hardware-neutral Wayve AI would crunch the data so the car could drive itself, making decisions by itself as it navigated new streets rather than rote-learning routes.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">That all went extremely well. Wayve recently raised US$1.2 billion in a Series D round which valued the company at US$8.6b, with Microsoft, AI chip-making king Nvidia and three major car makers (Mercedes-Benz, Nissan and Fiat, Peugeot and Jeep owner Stellantis) investing. <\/p>\n<p><img  alt=\"Large language models like ChatGPT use text scraped from websites to teach their AIs. Odyssey created a wearable rig with six cameras, two lidar sensors and an inertial measurement unit to collect data that would teach its platform about the real world.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Large language models like ChatGPT use text scraped from websites to teach their AIs. Odyssey created a wearable rig with six cameras, two lidar sensors and an inertial measurement unit to collect data that would teach its platform about the real world.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Uber put in another US$300m on top, and announced that Wayve\u2019s technology would be used for its first robotaxi trial in London later this year.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">But Hawke departed mid-flow, in 2023, for a stealth start-up \u2013 now revealed as Odyssey, which he co-founded with Yorkshireman Oliver Cameron, a self-styled \u201cuniversity dropout\u201d who learned to code as a child. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Hawke and Cameron (who had been working for a Wayve competitor) had the same idea: that the \u201cworld simulation\u201d technology they were building to help cars drive by themselves could be decoupled from video and used to learn not just Give Way signs but the physics of the whole world and be used for everything from robotics to video games to interactive video.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cInstead of ChatGPT learning text and spitting out text, we developed a new category of foundational models called \u2018world models\u2019 \u2013 which you can think of as an intelligent stream of pixels that you can interact with,&#8221; Hawke says.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">This is AI that can learn from sight and sound to understand how the real world works and then simulate it. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Instead of delivering a screed of text like the large language models (LLMs) that popularised AI three years ago, Odyssey\u2019s model simulates the real world, allowing robots that learn like humans, and games that feel like living worlds, Hawke says.<\/p>\n<p><img  alt=\"Odyssey's real-world simulation software.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Odyssey&#8217;s real-world simulation software.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">See the kitten and baby demo on Odyssey\u2019s website <a href=\"https:\/\/odyssey.ml\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/odyssey.ml\/\">here<\/a>.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">The AI giants have already dabbled in video \u2013 most famously ChatGPT maker OpenAI with Sora, launched to the public (or at least ChatGPT Pro subscribers) in December 2024. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">You could deliver a natural language prompt \u2013 \u201ca stylish woman walking down a city street\u201d \u2013 and Sora would produce a video that seemed out of Hollywood, at least if you didn\u2019t look at the details too closely.<\/p>\n<p><img  alt=\"OpenAI's short-lived Sora could create video from plain English prompts - but it wasn't interactive and was restricted to a few seconds - yet still took 20 to 40 minutes to generate, turning it into a money pit for the ChatGPT maker.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>OpenAI&#8217;s short-lived Sora could create video from plain English prompts &#8211; but it wasn&#8217;t interactive and was restricted to a few seconds &#8211; yet still took 20 to 40 minutes to generate, turning it into a money pit for the ChatGPT maker.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">In December 2025, Disney invested $1b into OpenAI to create a brave new world where Sora users could create their own videos using Luke Skywalker, Darth Vader or one of more than 200 other characters from the Disney-owned Star Wars franchise.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Hawke says Sora was delivering a finished product, whereas Odyssey can be used for creating a video \u2013 or a virtual world \u2013 that you can interact with, because it knows the laws of physics and how the world works.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">You\u2019ll also notice he\u2019s talking about Sora in the past tense.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">It all went to heck. Disney pulled the plug on its Sora partnership in March this year. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">No product materialised for the public \u2013 likely because Sora took between 20 and 40 minutes to process a prompt for its maximum 10 seconds of video.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Sora was not only slow but a money pit. Cantor Fitzgerald estimated OpenAI was losing US$15m per day on the GPU-intensive video generation service, which would have worked out to US$5.5b over the year if the ChatGPT maker hadn\u2019t pulled the plug in April.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cSora was shut down largely due to cost reasons,\u201d Hawke says.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Given Odyssey is not just video but interactive video, won\u2019t it be quantumly more compute-intensive again?<\/p>\n<p><img  alt=\"Odyssey co-founders Jeff Hawke (left) and Oliver Cameron.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Odyssey co-founders Jeff Hawke (left) and Oliver Cameron.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Especially given Hawke is not just talking about interacting with a piece of video, but multiple people interacting in the same scene at once \u2013 plus possibly some AI, agents too?<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cOne thing that is unique about world models is that they are streaming. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cYou\u2019re not generating a whole video clip at once, with a determined start and end. Rather, you\u2019re simulating forward in time, which changes the equation a lot. You can structure it as a real-time model, which is much more computationally efficient.\u201d<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Some heavy hitters reckon that Hawke knows what he\u2019s talking about.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">When Odyssey staged a US$18m Series A raise in 2024, it drew investment from Nvidia and OpenAI.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">A much larger Series B round that just closed brought in US$310 million ($529m) at a US$1.45 billion which saw Nvidia rival AMD plough in funds, along with Amazon, which has also become a partner. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Odyssey will use the tech giant\u2019s Amazon Web Services (AWS) as its preferred cloud provider and Amazon\u2019s inhouse-designed Tranium chips.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Other Series B backers included the CIA\u2019s venture capital wing, In-Q-Tel and New Zealand\u2019s Icehouse Ventures, which got its foot in the door with a $4.7m contribution.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">The new funds will be used for \u201cpeople and CPUs\u201d, Hawke says.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">How far is Odyssey from commercialising its product?<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">That will depend in part on how soon partners can take its technology and use it to create products that consumers can get their mitts on.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cI\u2019d bet good money on seeing a world model video game within a year and I suspect a number of other industries will find early-use cases as well.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cAI moves fast.\u201d<\/p>\n<p>The expat crew<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Odyssey has around half its 35 staff in Kings Cross, London, which Hawke says has emerged as the city\u2019s AI hub. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">He\u2019s just minutes from Alex Kendall\u2019s Wayve. The other half are in Palo Alto, Silicon Valley.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">The UK and US are home to a raft of Kiwi expats making it big in AI.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Others making waves include Shane Legg, also based in Kings Cross, who is leading Google\u2019s <a href=\"https:\/\/www.nzherald.co.nz\/business\/economy\/when-the-robots-are-smarter-than-us\/KVOV5NSLEN67JVL4K727PGZ6DE\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/economy\/when-the-robots-are-smarter-than-us\/KVOV5NSLEN67JVL4K727PGZ6DE\/\">DeepMind project<\/a> \u2013 possibly the closest thing that Odyssey has to a direct competitor (although in the context that Google also invested in Odyssey\u2019s Series B). <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cI have huge respect for them and a lot of DeepMind staff are friends,\u201d Hawke says. <\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">\u201cIt\u2019s a small community.\u201d<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">There\u2019s also Dave Ferguson, the San Francisco-based co-founder of autonomous driving start-up, Nuro, which last August <a href=\"https:\/\/www.nzherald.co.nz\/business\/robotaxis-self-driving-start-up-nuro-founded-by-kiwi-dave-ferguson-raises-us203m-at-a-us6b-valuation-in-funding-round-backed-by-uber-nvidia\/FDLS4XENRFANLCOPW3GQ2YJKTQ\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/robotaxis-self-driving-start-up-nuro-founded-by-kiwi-dave-ferguson-raises-us203m-at-a-us6b-valuation-in-funding-round-backed-by-uber-nvidia\/FDLS4XENRFANLCOPW3GQ2YJKTQ\/\" target=\"_blank\">raised US$203m at a US$6b valuation<\/a> from backers including Nvidia (Icehouse again got its foot in the door, chipping in $5m).<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Plus the Christchurch-raised, now Singapore-based Paul Copplestone, co-founder of Supabase, which this month <a href=\"https:\/\/www.nzherald.co.nz\/business\/ai-vibe-coding-startup-supabase-co-founded-by-kiwi-paul-copplestone-raises-us500m-at-us10b-valuation\/WEPYF6RK5VEM3DLFG4DKTKUIWU\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/ai-vibe-coding-startup-supabase-co-founded-by-kiwi-paul-copplestone-raises-us500m-at-us10b-valuation\/WEPYF6RK5VEM3DLFG4DKTKUIWU\/\" target=\"_blank\">raised US$500m at a US$10b valuation<\/a> for its technology that helps enable \u201cvibe coding\u201d (with Icehouse also chipping in).<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Those in the cheaper seats include Adrian Macneil, the former Treasury software developer, now relocated to Silicon Valley, who recently <a href=\"https:\/\/www.nzherald.co.nz\/business\/ai-robotics-firm-foxglove-headed-by-kiwi-adrian-macneil-raises-us40m\/VU25Y7ELFZH5ZN2JHJL7MWP5PQ\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/ai-robotics-firm-foxglove-headed-by-kiwi-adrian-macneil-raises-us40m\/VU25Y7ELFZH5ZN2JHJL7MWP5PQ\/\" target=\"_blank\">raised $40m<\/a> at an undisclosed valuation for his physical world AI start-up, Foxglove, Harry Mellsop, whose early stage firm. Antioch, which operates in a similar field and recently <a href=\"https:\/\/www.nzherald.co.nz\/business\/ai-robot-takeover-antioch-co-founded-by-kiwi-harry-mellsop-raises-15m-at-a-102m-valuation-tech-insider\/premium\/Y2FHNDQZTRDZBOW3JOO4DGF7M4\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/ai-robot-takeover-antioch-co-founded-by-kiwi-harry-mellsop-raises-15m-at-a-102m-valuation-tech-insider\/premium\/Y2FHNDQZTRDZBOW3JOO4DGF7M4\/\" target=\"_blank\">raised $15m<\/a><a href=\"https:\/\/www.nzherald.co.nz\/business\/ai-vibe-coding-startup-supabase-co-founded-by-kiwi-paul-copplestone-raises-us500m-at-us10b-valuation\/WEPYF6RK5VEM3DLFG4DKTKUIWU\/\" rel=\"nofollow noopener\" title=\"\" target=\"_blank\"> at a $102m<\/a><a href=\"https:\/\/www.nzherald.co.nz\/business\/ai-vibe-coding-startup-supabase-co-founded-by-kiwi-paul-copplestone-raises-us500m-at-us10b-valuation\/WEPYF6RK5VEM3DLFG4DKTKUIWU\/\" rel=\"nofollow noopener\" title=\"\" target=\"_blank\"> valuation<\/a>, and Nic Lane, co-founder of UK AI-training start-up Flower Lab, which <a href=\"https:\/\/www.nzherald.co.nz\/business\/companies\/kiwis-ai-start-up-flower-labs-offering-a-new-way-of-ai-training-raises-32-million\/I7BNYYRB4JEOJF77W4J32F7NOY\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/companies\/kiwis-ai-start-up-flower-labs-offering-a-new-way-of-ai-training-raises-32-million\/I7BNYYRB4JEOJF77W4J32F7NOY\/\" target=\"_blank\">raised US$20m at a US$100m valuation<\/a>.<\/p>\n<p class=\"gngXgPCjmfo\" style=\"display:none\">Chris Keall is an Auckland-based member of the Herald\u2019s business team. He joined the Herald in 2018 and is the technology editor and a senior business writer.<\/p>\n","protected":false},"excerpt":{"rendered":"No matter. By that time, Hawke was back in school, first earning a master\u2019s degree in robotics from&hellip;\n","protected":false},"author":2,"featured_media":519027,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[242506,365,363,364,17452,257487,71,1976,11540,2203,5511,111,139,69,189496,2081,257488,11555,1037,145,8475,61,102],"class_list":["post-519026","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-529m","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-cofounder","tag-forklifts","tag-from","tag-hawkes","tag-jeff","tag-journey","tag-just","tag-new-zealand","tag-newzealand","tag-nz","tag-odyssey","tag-raised","tag-realworld","tag-started","tag-startup","tag-technology","tag-thats","tag-to","tag-with"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/519026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=519026"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/519026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/519027"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=519026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=519026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=519026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}