In Brief No single company holds the secret to the future, and Japanese automotive giant Toyota knows that. Which is why the car maker launched a venture capital unit for its research division to fund startups that could make a mark in AI and robotics.
Great innovation often springs from brilliant minds, that’s no secret. And, of course, having enough money to bring ideas to life makes a big difference. Toyota is merging brilliance with a big-budget by funding some new cutting-edge technology.
On Thursday, the Japanese car maker launched the venture capital (VC) arm of its Toyota Research Institute. The Silicon Valley-based Toyota AI Ventures, as its name implies, invests in startups working on artificial intelligence (AI), robotics, autonomous driving technologies, data analytics, and cloud computing. In total, Toyota plans to allot about $100 million to fund qualified startups.
“What’s clear is that the automotive industry, and
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