Toyota to Invest Billion on Artificial Intelligence

Reddit Email Print Reprint Toyota Motor Corp. (TM – Get Report) plans to invest $1 billion over the next five years to develop artificial intelligence for vehicles, manufacturing and other robotic processes. The Toyota Research Institute will focus on “artificial intelligence and robotics,” according to the automaker. The location will be near Stanford University’s campus in Palo Alto, California. A second location will be near Massachusetts Institute of Technology in Cambridge, Massachusetts. Gill Pratt, who has taught engineering at Olin College of Engineering and was a program director at the U.S. Defense Advanced Research Projects Agency (DARPA), will supervise Toyota’s effort. Toyota hired him in September. “The density of people doing this kind of work in Silicon Valley is higher than any other place in the world,” Pratt told the New…


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