Toyota Starting AI Research Company in Palo Alto

Toyota wants to be at the forefront of research to support self-driving cars, starting with a $1B investment to launch a research company that will have campuses in Silicon Valley and Cambridge.

The Toyota Research Institute will start operations with an anticipated 200 employees in a Palo Alto facility near Stanford University in January, Toyota Motor president Akio Toyoda announced last week. The second campus will be near MIT in Cambridge. Toyota has not yet disclosed the address for either facility, a company spokesman tells us. The company previously committed $50M for artificial intelligence research at Stanford and MIT. The Toyota Research Institute is intended to push movement from research to product development, Toyota says. Here's Toyota Research Institute head Gill Pratt.

With Google's research (Google's cars are driving around Mountain View and Austin, TX, as you read this), Silicon Valley has become the place to be for developing the necessary software. Most of the big auto companies have engineering labs in the area.

Toyota's $1B investment will be spread over five years. The company foresees artificial intelligence and robotics research going beyond cars to support other programs, such as home-care robotics.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Jose Newsletters
Related Stories

FoxRock Buys Quincy Office At 78% Discount After Luring Tenant Away

SL Green's $2.5B Sell-Off Hits Interest Rate Snag

Bill Barr's Law Firm Expands Footprint In Move To Pennsylvania Avenue

Conversions Ramp Up As New Report Calls For Resident-Led Downtown Denver Recovery

Elecor, Formerly Paramount Group, Gains New Muscle With Rithm In Its Corner

'Ultra-Luxury' Inner Loop Office Tower Planned Near The Galleria

Dean Adler Looks To Sell 'The Best Property We Own'

2.1M SF Chicago Office Complex Set For November Sheriff's Auction

2 Fulton Market Moves Signal Strength Of Top-Shelf Office Market

Sir George Iacobescu Has A Message For Developers Sitting On The Sidelines

JPMorgan's Chicago Office Renovation Costing Bank Over $800M, Dimon Says

BXP Lands Equity Partner For Madison Avenue Office Project