Toyota Research Institute Invests 0 Million in Artificial Intelligence Venture

 Added on July 24, 2017  The News Wheel  AI , artificial intelligence , Gill Pratt , Jim Adler , Toyota AI Ventures , Toyota Research Institute , TRI , Venture No Comments Toyota announced earlier this month the launch of a new venture capital subsidiary called Toyota AI Ventures, which has received an initial $100 million investment from the Toyota Research Institute (TRI) that was itself founded not so long ago in 2015. TRI is an initiative that focuses on researching and developing AI, autonomous car technology, and robotics. Toyota AI Ventures will focus specifically on startup tech companies working on artificial intelligence and has so far invested in the following three startups: SLAMcore, a UK-based company that develops algorithms for smart tech, such as self-driving cars and vehicles, allowing them to map their surroundings and position themselves within it Nauto, a Silicon Valley-based company that creates systems for companies to monitor their drivers and road environments with the aim to restrict bad driving and prevent accidents Intuition Robotics, an Israel-based social companion technology startup Related: Get peace of mind with ToyotaCare Toyota isn’t the first company to form an AI-focused venture capital funds, nor the last. Baidu established theirs…

Link to Full Article: Toyota Research Institute Invests 0 Million in Artificial Intelligence Venture

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