Toyota Makes Billion Bet on Artificial Intelligence

Toyota announced today it is investing $1 billion in a new Silicon Valley venture dedicated to artificial intelligence and robotics, including finding ways to apply the technology to the automaker’s vehicles and other areas of daily life.Akio Toyoda, president of Toyota, said the Toyota Research Institute will begin operations in January 2016, with a facility in Silicon Valley and a second location near the Massachusetts Institute of Technology in Cambridge, Mass.While self-driving technology and ways to prevent accidents will be some of the key goals, Toyota said it also plans to explore how this technology can be leveraged in every day life, such as robotic assistants to assist seniors.Karl Brauer, a senior analyst at Kelley Blue Book, told ABC News the investment and strategic location in Silicon Valley is vital…


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