Toyota to set up new artificial intelligence R&D company in Silicon Valley

The FV2, shown at Geneva 2014 , is a concept designed to capture the spirit of Toyota’s fun-to-drive philosophy, while connecting advanced future vehicle technologies. At a press conference today, Toyota Motor Corporation announced it will establish a new company, Toyota Research Institute Inc. (TRI), as an R&D enterprise with an initial focus on artificial intelligence and robotics. The headquarters will be located in Silicon Valley near Stanford University in Palo Alto, California, U.S.A. A second facility will be located near the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts, U.S.A. The new company will begin operations in January 2016. Toyota believes artificial intelligence has significant potential to support future industrial technologies and the creation of an entirely new industry. To underscore this belief, it is making an initial investment…


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