Toyota to spend bn to speed artificial intelligence development

An onboard display monitor shows other vehicles as a staff member of Toyota Motor Corp drives its self-driving technology “Mobility Teammate Concept” prototype car hands-free on an expressway during the Toyota Advanced Technologies media preview in Tokyo on Oct 8, 2015. (Reuters photo) Related Stories TOKYO — Toyota Motor Corp said Friday that it will spend US$1 billion over the next five years to further the research of artificial intelligence in the United States in an effort to ramp up development of self-driving and other key advanced safety technology. Toyota, the world’s biggest automaker by volume, said in a release that it will set up the Toyota Research Institute Inc, a research and development centre, in January with an initial focus on artificial intelligence and robotics. Gill Pratt, a Toyota…


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