Toyota has entered the race to build self-driving cars, announcing on Friday a $50m investment over the next five years into development of the technology. The company said it would invest in its own autonomous car technology and that it was working with other automakers to develop an “ecosystem for developing driverless cars”. "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," said Toyota Head of Research and Development, Kiyotaka Ise.
Toyota has entered the race to build self-driving cars, announcing on Friday a $50m investment over the next five years into development of the technology. The investment will go towards the establishment of research centres with Stanford University and the Massachusetts Institute of Technology, aimed at working on the combination of artificial intelligence with self-driving car technology. "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," said Toyota Head of Research and Development, Kiyotaka Ise.