Hyperdrive
Toyota, NTT to Invest $3.3 Billion in AI, Autonomous Driving
- Two firms looking to reduce accidents, share tech with others
- Toyota CEO: Large Data Loads Crucial for Vehicle Software
NTT CEO Akira Shimada, left, and Toyota CEO Koji Sato at a news conference in Tokyo on Oct. 31.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Toyota Motor Corp. and Nippon Telegraph & Telephone Corp. have agreed to invest billions to develop autonomous-driving software assisted by artificial intelligence.
The two companies plan to jointly invest ¥500 billion ($3.3 billion) between now and 2030, executives said in a news briefing on Thursday.