Toyota plant $100 Millionen in Startups zu investieren, die disruptive Technologien entwickeln.
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Toyota AI Ventures, a Silicon Valley-based subsidiary of Toyota, plans to invest the money into early-stage startups that are developing “disruptive” technologies in those fields, the company said.
“Auto manufacturers must participate in the startup ecosystem to stay ahead of the rapid shift in the auto industry,” Jim Adler, managing director of Toyota AI Ventures, said in a statement.
The company said the fund is part of Toyota’s mission to help “discover what’s next” for Japan’s biggest automaker. Toyota’s AI venture fund has already invested in 19 different start-ups over the last two years, bringing its total funding commitment to autonomous driving technology to $200 million, the company said.
“The growing interest in automated systems has created great opportunities to improve human lives using AI and next-generation mobility technology,” Dr. Gill Pratt, chief executive officer at the Toyota Research Institute, said in a statement. Pratt added the fund will help “bridge the gap” between automakers and technology start-ups focused on autonomous transportation.