Toyota will invest billion on artificial intelligence

Standford, California – Akio Toyoda, president of Toyota Motor Corp (NYSE: TM), announced on Friday that his company would start to research on the development of artificial intelligence and robotics since they are determined to be pioneers on self-driving futuristic cars and also other day-to-day life areas. Operations will begin in January 2016, with 200 employees at a facility in Silicon Valley, near Stanford University, plus an East Coast office near the Massachusetts Institute of Technology in Cambridge. The new organization, the Toyota Research Institute Inc., will be led by Gill Pratt and is focused on hiring highly qualified engineers and researchers. Pratt used to be a program manager at the U.S. military’s Defense Advanced Research Projects Agency and has now joined the automobile manufacturer as a technical adviser. He…

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