Toyota will invest $1 billion to set up a new U.S. artificial intelligence and robotics research center over the next five years, the maker announced in Tokyo on Friday.
The new Toyota Research Institute Inc. will have offices in both Silicon Valley and Cambridge, Massachusetts, announced Akio Toyoda, President of Toyota and a grandson of the automaker’s founder. The facility will focus not only on ways to make driving safer but also on technology that can improve the lives of the elderly and disabled.
A key target will be to “improve safety by continuously decreasing the likelihood that a car will be involved in an accident,” explained Dr. Gill Pratt, the CEO of the new venture. It also aims to “make driving accessible to everyone, regardless of ability,” while also applying technology “to indoor environments for the support of seniors.”