By Gillian West

Car manufacturer Toyota has announced plans to invest $1bn into artificial intelligence (AI) and driverless technology.

Based in Silicon Valley, the Toyota Research Institute (TRI) is to begin operation in January 2016 with a second facility based near Massachusetts Institute of Technology (MIT).

The mission statement of TRI is to “bridge the gap between fundamental research and product development:” It aims to do that by accelerating research and development in areas that will help “resolve society’s future challenges”.

Dr Gill Pratt, TRI’s chief executive officer, commented: “Our initial goals are to improve safety by continuously decreasing the likelihood that a Read full story ›

Source: The Drum