Toyota to Boost Investment in Artificial Intelligence by Strengthening Relationship with Preferred …

With the aim of promoting the joint research and development of artificial intelligence technologies in mobility-related fields, Toyota Motor Corporation (TMC) has decided to invest in Preferred Networks Inc. (PFN). The investment will amount to 1 billion yen, and Toyota will receive stock in PFN through the allocation of new shares to a third party as of December 30, 2015. TMC is actively researching and developing a wide-range of technologies that are expected to significantly affect the nature of mobility in the future―including automated driving technologies―with a particular focus on intelligence that assists driving, connectivity and interactivity. The overall goal of these initiatives is to foster the creation of a society in which mobility means safety and freedom. With this shared purpose in mind, PFN would like to plan and…


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