Toyota, NTT to invest $3.3 billion to build AI platform

Delhi Delhi. Toyota Motor and Nippon Telegraph & Telephone (NTT) plan to invest a total of 500 billion yen ($3.27 billion) in an infrastructure and software platform to reduce traffic accidents using artificial intelligence by 2030. The automaker and The telecom firms said in a joint statement on Thursday that they want to develop a mobility AI platform that uses vast amounts of data to support driver assistance technology, with the aim of having a system ready by 2028.

The joint effort comes as Japanese automakers face pressure to step up their efforts in the growing autonomous driving market, which is increasingly dominated by Tesla and Chinese firms. Toyota and NTT said they expect That the platform will help in things like preventing accidents due to poor visibility in urban areas, supporting automated driving services and making merging on expressways easier.

They aim to make the system available not only for themselves but also for other industry players, government and academic partners who want to reduce traffic accidents to zero, with the goal of widespread adoption by 2030. Toyota and NTT have for the first time They partnered in 2017 to develop technology for 5G-connected cars and in 2020 committed capital as part of a smart city project.

Last November, NTT said it planned to test driverless vehicle technology with Toyota as early as 2025 and invest in a US startup developing self-driving systems.Toyota invests in mobility with AI Established an autonomous driving technology unit in 2021 to research and develop.

The unit, now known as Woven by Toyota, is also developing Eren, an automotive software platform, and building a test site called Woven City for mobility-related systems and services in Shizuoka Prefecture, west of Tokyo. Still working.