Toyota Plans To Invest USD 50 Million To Build Artificial Intelligence

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Japanese carmaker Toyota has announced plans to invest USD 50 million to build artificial intelligence into cars.

This will be a joint research with Stanford University and the Massachusetts Institute of Technology that is to take place over the next five years.

Kiyotaka Ise, the Chief of research and development at Toyota said, "We will initially focus on the acceleration of intelligent vehicle technology, with the immediate goal of helping eliminate traffic casualties and the ultimate goal of helping improve quality of life through enhanced mobility and robotics."

Although the Japanese automobile maker did not mention making cars that drive themselves, it did promise work on "intelligent vehicle technology" since many companies are working on autonomous cars.

A Stanford lab led by professor Fei-Fei Li will work with Toyota. He said, "Our team will work to help intelligent vehicles recognize objects in the road, predict behaviors of things and people, and make safe and smart driving decisions under diverse conditions."

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