Toyota Motor on Friday announced plans to launch a new company, Toyota Research Institute, as part of a five-year $1 billion investment in artificial intelligence and robotics technology for automobiles. The new company will begin operations in January 2016 under the leadership of Toyota’s executive technical advisor Gill Pratt. Its headquarters will be in Silicon Valley near Stanford University, and a second facility will be located near MIT. The plan is three-pronged, Pratt said at a press conference in Japan.
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Toyota's $1B AI, Robotics Play Jolts Driverless World
Posted by: David Jones November 6, 2015 02:31 PMToyota Motor on Friday announced plans to launch a new company, Toyota Research Institute, as part of a five-year $1 billion investment in artificial intelligence and robotics technology for automobiles. The new company will begin operations in January 2016 under the leadership of Toyota’s executive technical advisor Gill Pratt. Its headquarters will be in Silicon Valley near Stanford University, and a second facility will be located near MIT. The plan is three-pronged, Pratt said at a press conference in Japan.