Toyota, NTT to invest $3.3 bln on development of AI platform

NTT

31/10/2024 05:21

TOKYO, Oct 31 (Reuters) - Toyota Motor  7203.T  and
Nippon Telegraph and Telephone (NTT)  9432.T  said on Thursday
they expect to invest a total of 500 billion yen ($3.27 billion)
by 2030 into an infrastructure and software platform using
artificial intelligence (AI) to reduce traffic accidents.
    The automaker and the Tokyo-headquartered telecommunications
firm said they plan to develop a mobility AI platform that uses
large amounts of data to support driving assist technology.
    The firms are targeting having a working system ready by
2028 and provide it to other automakers, aiming for widespread
adoption from 2030 onwards.
    

 (Reporting by Daniel Leussink; Editing by Christian
Schmollinger)
 ((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))