Toyota announces plan to set up Silicon Valley artificial intelligence research unit

A Toyota logo is seen in a showroom at a Toyota dealership in Warsaw on April 11, 2014. Photo by Kacper Pempel for Reuters. Toyota Motor Corp said on Friday it will set up a research & development company with a focus on artificial intelligence technologies in Silicon Valley, and plans to invest $1 billion over the next five yeas. The new firm, Toyota Research Institute, will be led by CEO Gill Pratt, Toyota’s executive technical advisor, and will have a second facility near the Massachusetts Institute of Technology in Cambridge, it also said. (Reporting by Hideyuki Sano)


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