Bets On AI-Assisted Driving Make Toyota Stock A Buy

Toyota is investing $50 million to establish joint AI research centers at MIT and Stanford.

Former DARPA manager will lead Toyota’s AI effort, focused on AI-assisted driving for enhanced safety.

The AI research centers will be located at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and Stanford Artificial Intelligence Lab (SAIL).

Toyota is claiming leadership in AI-assisted driving, which is likely to boost the value of Toyota stock.

Toyota Bets on AI

Toyota (NYSE:TM) announced that it will be investing approximately $50 million over the next 5 years to establish joint Artificial Intelligence (AI) research centers at MIT and Stanford.

Gill Pratt, former Program Manager at DARPA (the Defense Advanced Research Projects Agency) and leader of its recent Robotics Challenge, has joined Toyota to direct and accelerate these research activities and their application to intelligent vehicles and robotics.

“We’re here today to mark the beginning of an unprecedented commitment. We will initially focus on the acceleration of intelligent vehicle technology, with the immediate goal of helping eliminate traffic casualties and the ultimate goal of helping improve quality of life through enhanced mobility and robotics,” said Toyota’s R&D manager Kiyotaka Ise. “This partnership, led by Dr. Pratt, is a great opportunity to work with two leading research teams from two top universities. I am very excited about what this new venture means for Toyota, and I look forward to more announcements in the future.”

Toyota believes the opportunities to improve every-day living through artificial intelligence supported technologies are boundless, with significant breakthrough potential for the development of life-saving intelligent vehicles and life-improving robots.

“This bold collaboration will address extremely complex mobility challenges using ground breaking artificial intelligence research,” said Pratt. “I’m thrilled to be a part of the synergies and talent-sharing of Toyota, MIT, and Stanford. Key program areas will be addressed by the two university campuses and Toyota, with combined research targeted at improving the ability of intelligent vehicle technologies to recognize objects around the vehicle in diverse environments, provide elevated judgment of surrounding conditions, and safely collaborate with vehicle occupants, other vehicles, and pedestrians. The joint research will also look at applications of the same technology to human-interactive robotics and information service.”