Toyota Invests $1 Billion in AI and Robots, Will Open R&D Lab in Silicon Valley

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Toyota announced that it is investing US $1 billion over the next five years to establish a new R&D arm headquartered in Silicon Valley and focused on artificial intelligence and robotics. The Toyota Research Institute (TRI) plans to hire hundreds of engineers to staff a main facility in Palo Alto, Calif., near Stanford University, and a second facility located near MIT in Cambridge, Mass.

Read the source article at IEEE Spectrum