Toyota and NTT Invest $3.3 Billion in AI Platform Development
Toyota Motor and Nippon Telegraph and Telephone (NTT) plan to invest a total 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence to reduce traffic accidents.
The automaker and telecommunications firm said in a joint statement on Thursday they want to develop a mobility AI platform that uses large amounts of data to support driver assist technology, aiming to have a system ready by 2028.