Detroit Bureau on Twitter

Posts Tagged ‘Toyota Research Institute’

Toyota Invests $100M in New Venture to Develop Disruptive Tech

New Toyota AI Ventures provides financing to tech startups.

by on Jul.12, 2017

Toyota's Gill Pratt said the new venture continues the company's long-standing tradition of introducing disruptive technologies.

The Toyota Research Institute plans to invest $100 million to launch Toyota AI Ventures, a new subsidiary designed to provide early-stage financing to startup technology companies.

Toyota AI Ventures will offer TRI the opportunity to collaborate with talented entrepreneurs who prefer to work in a venture business environment.

Subscribe Now!

“Toyota has a history of disruptive innovation in the service of mankind, moving from textile machinery to automobiles in the late ’30s, to the broad electrification of the automobile with Prius in the ’90s, to autonomous mobility and human assist robots,” said Gill Pratt, CEO of TRI. (more…)

Automakers Face Long Climb, Cautions Toyota’s New Autonomous Czar

How do you figure out what you don’t know that you don’t know.

by on Jan.06, 2016

Toyota's Gill Pratt is leading the Japanese maker's efforts in the autonomous vehicle arena.

Early pioneers didn’t realize just how big the Rocky Mountains were until they started climbing up the foothills. In many ways, it’s the same challenge for pioneers in the new world of autonomous vehicles, suggests Gill Pratt.

One of the biggest challenges is trying to learn what you never thought about before – call it “uncertainty on uncertainty,” says the new CEO of the Toyota Research Institute. Funded to the tune of $1 billion, TRI is the think tank Toyota has set up to help it develop self-driving vehicle technology.

Subscribe Now!

That’s one of the most competitive fields in the auto industry today, with some manufacturers hoping to have their first, fully-autonomous vehicles on the road by 2020. But in a keynote speech at the 2016 Consumer Electronics Show in Las Vegas, Pratt throws colder water on those optimistic expectations, warning that, “We’re a long way from the finish line.” (more…)