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Technology Stocks : Driverless autos, trucks, taxis etc.
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From: Sam3/2/2018 2:36:56 PM
   of 567
 
Toyota's self-driving software research gets $2.8B boost
The automaker is partnering with two suppliers to forge its own path toward full autonomy.
by Andrew Krok
March 2, 2018 8:52 AM PST

Some automakers are content to rely on the work of others to create a self-driving vehicle. Toyota, on the other hand, appears ready to go its own way -- with a bit of help.

Toyota announced today that it's teaming up with two suppliers to create a new venture called Toyota Research Institute-Advanced Development (TRI-AD... get it?). The goal is to accelerate Toyota's efforts in developing and deploying "fully integrated, production-quality software" for use in self-driving vehicles.

Toyota Research Institute In conjunction with its partners Denso and Aisin, TRI-AD will hit the ground running with more than $2.8 billion in investments. This includes fleshing out the group's staff to a meaty 1,000 employees, many of which will be engineers. The group will have its headquarters in Tokyo, but it will use English as its primary business language.

The Toyota Research Institute, from which TRI-AD borrows part of its name and purpose, was established in 2016 to advance the automaker's efforts in tech research, including AI, robotics and autonomous vehicles.

continues at cnet.com
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