Mexican Media Brands
Toyota Doubles Funding for AI Startup Investments
Toyota Motor Corp. says its AI Ventures unit is launching a second $100 million fund to spend on startups in artificial intelligence, robotics, big-data and advanced mobility.
#robotics
Share
Toyota Motor Corp. says its AI Ventures unit is launching a second $100 million fund to spend on startups in artificial intelligence, robotics, big-data and advanced mobility.
AI Ventures operates through the Toyota Research Institute headquarters in Silicon Valley. The unit debuted its first $100 million fund in mid-2017.
Managing Director Jim Adler tells Automotive News that AI Ventures has so far invested in 19 companies, after reviewing the business plans of 1,500 potential candidates. He says the unit still has some funds remaining in its first round but wants to be ready for new opportunities.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
