Toyota to Invest Billion for Artificial Intelligence Ramp;D

Toyota To Invest $1B In AI Research In Silicon Valley As Autonomous Car Tech According to a release, Toyota will now build two new research facilities close to Stanford and MIT’s campuses with Pratt as CEO overviewing the new company as he plans to create a group of around 200 employees – “leading researchers and engineers”. Toyota will establish a new research and development facility in California’s Silicon Valley at the cost of $1 billion over five years. A second facility will be located near the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts. Pratt joined Toyota in September to direct the research being undertaken in the joint projects with MIT and Stanford. TRI’s primary mission is to accelerate research and development in a range of fields to help resolve…


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