Toyota announces plan to set up Silicon Valley artificial intelligence research unit

Toyota announces plan to set up Silicon Valley artificial intelligence research unit

Reuters

Toyota Motor Corp said on Friday it will set up a research & development company with a focus on artificial intelligence technologies in Silicon Valley, and plans to invest $1 billion over the next five yeas.

The new firm, Toyota Research Institute, will be led by CEO Gill Pratt, Toyota’s executive technical advisor, and will have a second facility near the Massachusetts Institute of Technology in Cambridge, it also said.

(Reporting by Hideyuki Sano)

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