Toyota AI Ventures, a subsidiary of Toyota Research Institute has a $100 million fund that will focus on investing in robotics and autonomous technology startups.
Toyota Research Institute (TRI) signed an agreement with GoMentum Station to test autonomous vehicle technology at the 5,000 acre autonomous vehicle proving grounds located in Concord, Calif.
Toyota Research Institute is demonstrating its progress in the development of automated driving technology and other project work to the investor community this week.
The automaker has been in talks with both Boston and Cambridge about testing its autonomous vehicles. The move would make Toyota the first big automaker to put self-driving cars on local streets.
Investment will focus in the areas of artificial intelligence (AI), robotics, autonomous mobility, and data and cloud technology, which ideally will help the company to compete with Google, Tesla and Ford.
