Toyota, one of the leading car manufacturers in the market today has pledge to spend over a billion dollars in the next five years for their Artificial Intelligence (A.I.) projects.
The car company will set up their institute somewhere in the Silicon Valley near Stanford University, which will be named as Toyota Research Institute (TRI).
Another institute will be opened as well, around Cambridge, Massachusetts, near Massachusetts Institute of Technology (MIT).
The TRI in Silicon Valley will employ over 200 researchers and engineers.
The A.I. Toyota plans to create is not only for their future cars or any automotive plans but also to aid senior citizens with indoor and outdoor locomotion, this is according to a press release by Toyota.
"It is our responsibility to make life better for our customers, and society as a whole," Akio Toyoda, President of Toyota Motor Corporation, said in a statement.
Already Toyota has pledged $50 million that will be spent in the next five years with institutions MIT and Stanford. This pledge is to create a joint establishment in artificial intelligence study between the two universities and Toyota.
This dream of Toyota is a foreseeable project and a very good one at that.
Toyota actually plans to build R&D near MIT and Stanford that can use information gathered to develop marketable products. This is a very well thought of plan from Toyota because it will create an easier access for researchers and developers to apply their creations in Toyota's bevy of mobility products.
Who know what the future can bring for Toyota with their partnership between two mega universities, MIT and Stanford.
Both institutes have amazing technology courses and genuinely informatics crazed students.
Toyota is also a brand that has a good run in artificial intelligence, and with this partnership the world may see a whole slew of new mobility A.I.
In five years-times, Toyota might be able to change the world.
