Official announcements or press releases from Toyota or NTT

Toyota and NTT Invest 500 Billion Yen ($3.3 Billion) in AI Self-Driving Technology, Targeting 2028 Rollout

Oct 28, 2024, 07:40 PM

Toyota Motor Corporation and Nippon Telegraph and Telephone (NTT) have announced a joint investment of approximately 500 billion yen (around $3.3 billion) over the next five years to develop artificial intelligence (AI) and next-generation network-based driver-assistive technology for automobiles. The partnership aims to create software that predicts accidents and enhances self-driving capabilities. Research and development efforts are set to begin next year, with a target rollout planned for 2028. This collaboration underscores the growing focus on AI in the automotive sector as companies seek to improve safety and efficiency in self-driving technologies.