none

TOYOTA TO ESTABLISH ARTIFICIAL INTELLIGENCE R&D COMPANY

10-11-2015
by 
in 

Toyota Motor Corporation (TMC) has unveiled a $1.4 billion plan to boost research into artificial intelligence, robotics and big data to address society's future mobility challenges.


TMC will make the initial investment over the next five years to establish, staff and conduct operations at the Toyota Research Institute Inc. (TRI) – a new company that will help bridge the gap between fundamental research and product development.


Its headquarters will be in the Silicon Valley near Stanford University with a second facility near the Massachusetts Institute of Technology (MIT). The new company will begin operations in January next year.

Toyota believes artificial intelligence has significant potential to support future industrial technologies and the creation of an entirely new industry.


The latest investment is in addition to the $70 million) investment over the next five years with MIT and Stanford to establish joint fundamental artificial intelligence research centres at each university.


TRI's primary mission is to accelerate research and development in a range of fields to help resolve society's future challenges by using artificial intelligence and big data, thereby contributing to a sustainable future where everyone can experience a safer, freer and unconstrained life. 
Directed by Dr Gill Pratt, Toyota's executive technical adviser and chief executive officer of the new enterprise, TRI will hire leading researchers and engineers to support its wide range of activities.


Dr Pratt said TRI's initial goals are to:

·       Improve safety by continuously decreasing the likelihood that a car will be involved in an accident

·       Make driving accessible to everyone, regardless of ability, and

·                Apply Toyota technology used for outdoor mobility to indoor environments, particularly for the support of seniors.
“We also plan to apply our work more broadly, for example, to improve production

efficiency and accelerate scientific discovery in materials," Dr Pratt said. 

Related news & editorials

  1. 01.06.2020
    01.06.2020
    by      In , In , In
    Australia’s manufacturing sector has developed a plan to reverse its languishing fortunes.
    The plan, which will be delivered to government, contains 11 major recommendations crowd-sourced during April and May from Australia’s manufacturing communities, academics and industry experts.
    A New Deal... Read More
  2. 01.06.2020
    01.06.2020
    by      In
    GoProto ANZ has teamed up with Erebus Medical and Cobalt Design to help hospitals in the fight against COVID-19.
    Initiated in mid-March as the pandemic escalated in Italy and Spain, the project sought to prevent Australian hospitals becoming overwhelmed by a predicted peak in coronavirus patients... Read More
  3. 01.06.2020
    01.06.2020
    by      In
    Across every industry, the COVID-19 crisis has caused disruption and highlighted risks in the global supply chain. On the other hand, it has unveiled potential opportunities for Australian manufacturers to reinvigorate the industry and compete more effectively in the future.
    With innovation booming... Read More
  4. 27.05.2020
    27.05.2020
    by      In
    The Australian Made Campaign has teamed up with Primex Field Days to support and further promote the growth of the Australian agriculture sector.
    Primex Field Days, traditionally held at Casino in the NSW Northern Rivers, is one of Australia’s most diverse agricultural events. It aims to bring... Read More