Toyota spends B to create Silicon Valley lab

A row of Google self-driving Lexus crossovers in Silicon Valley(Photo: Eric Risberg, AP) LOS ANGELES — Upping the ante in the smart-car wars, Toyota has announced it will spend $1 billion to create a new subsidiary in Silicon Valley that will focus entirely on developing artificial intelligence and robotics. In creating Toyota Research Institute as a separate entity, Toyota becomes the latest automaker to establish a research arm in the heart of California’s high-tech corridor. It also represents a new commitment to California by Toyota after uprooting its U.S. headquarters from the Los Angeles suburb of Torrance, where it had been situated for decades, to Plano, Texas. Toyota joins Mercedes-Benz, Ford and a list of other automakers that have been using their Silicon Valley research labs to develop self-driving cars…

Link to Full Article: Toyota spends B to create Silicon Valley lab

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