Looking to the future: Toyoda (right) shaking hands with Pratt during a press conference in Tokyo announcing Toyota's new R&D company focused on artificial intelligence in Silicon Valley.
TOKYO: Toyota Motor Corp said it will set up a research and development company with a focus on artificial intelligence in Silicon Valley, as competition to develop self-driving cars intensifies.
The world's top-selling automaker plans to invest US$1bil (RM4.31bil) in R&D over the next five years in a departure from its cautious stance on automated drive.
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