TOKYO (Reuters) – Toyota Motor and Nippon Telegraph and Telephone (NTT) said on Thursday they expect to invest a total of 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence (AI) to reduce traffic accidents. The automaker and the Tokyo-headquartered telecommunications firm said they plan to develop a […]
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Toyota, NTT to invest $3.3 billion on development of AI platform
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TOKYO (Reuters) – Toyota Motor and Nippon Telegraph and Telephone (NTT) said on Thursday they expect to invest a total of 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence (AI) to reduce traffic accidents.
The automaker and the Tokyo-headquartered telecommunications firm said they plan to develop a mobility AI platform that uses large amounts of data to support driving assist technology.
The firms are targeting having a working system ready by 2028 and provide it to other automakers, aiming for widespread adoption from 2030 onwards.
(Reporting by Daniel Leussink; Editing by Christian Schmollinger)