Toyota investing US$1 billion in development of artificial intelligence

Toyota investing US billion in development of artificial intelligence

Toyota is investing a whopping US$1 billion (AU$1.4 billion) over the next five years for research and development of artificial intelligence and robotics, at a new facility in Silicon Valley, California. A new company has been set up, called the Toyota Research Institute (TRI), with the headquarters situated near Stanford University. A second facility will be set up near the Massachusetts Institute of Technology. It will all be headed by Dr Gill Pratt (pictured), Toyota’s executive technical adviser and the now-CEO of TRI. He said the initial goals are to improve vehicle safety by reducing the chances of a car colliding with another car or object, as well as to make driving accessible to everyone regardless of ability. Pratt said; “We also plan to apply our work more broadly, for…


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