Toyota Is Taking Another Step Towards Self-Driving Cars

Toyota tm is putting more money toward making self-driving cars a reality. The Japanese automaker is buying a 3% stake for $8.2 million in Tokyo-based artificial intelligence firm Preferred Networks. Toyota has been working with the company since October of last year. The Wall Street Journal reports that the deal is expected to close by the end of the year. Toyota announced in October that it wants to put self-driving cars on the road by 2020, and this investment suggests that the company is taking another step towards developing autonomous vehicles. Toyota’s corporate communications manager Aaron Fowles told Fortune the carmaker is particularly interested in Preferred Network’s “research into intelligent vehicle technology—the foundation of advanced driving support systems.” He added that the firm’s research “is in line with [Toyota’s] focus…


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