Toyota and NTT Invest $3.27 Billion in AI for Safer Self-Driving Cars by 2028

October 31, 2024
Toyota and NTT Invest $3.27 Billion in AI for Safer Self-Driving Cars by 2028
  • To support this platform, NTT's Innovative Optical and Wireless Network (IOWN) will manage the large data volumes necessary for analysis, improving communication capacity and reducing power consumption.

  • Since 2021, Toyota has integrated hands-free driving features into its Mirai fuel-cell vehicle, showcasing its advancements in autonomous technology.

  • Toyota has announced a significant partnership with NTT, committing to invest 500 billion yen (approximately $3.26 billion) in AI-assisted autonomous driving software by 2030.

  • This collaboration, which began in 2017 focusing on 5G-connected vehicles, expanded in 2020 to include a smart city initiative.

  • The partnership aims to develop dedicated software starting in 2025, with operational capabilities expected by 2028 and large-scale deployment planned for 2030.

  • The joint initiative will create a mobility AI platform that utilizes extensive data to enhance driver-assist technology, targeting completion by 2028.

  • The development of AI technology is crucial for enhancing safety in autonomous vehicles by analyzing driving data and preventing potential collisions.

  • Toyota and NTT aspire to make their system accessible to industry stakeholders, government entities, and academic institutions, aiming for zero traffic accidents by 2030.

  • This initiative is part of a broader strategy for Japanese automakers to compete in the autonomous driving market, which is increasingly dominated by Tesla and various Chinese companies.

  • Toyota's commitment to autonomous driving innovation is also evident in its establishment of Woven by Toyota, a dedicated unit focused on developing AI-driven mobility solutions.

  • The ultimate goal of this initiative is to have a functional system available to other automakers by 2028.

  • The new platform is designed to tackle challenges like accidents caused by poor visibility in urban settings and to facilitate automated driving services, including improved merging capabilities on expressways.

Summary based on 4 sources


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