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Source: Toyota

Toyota Just Announced They're Creating Their Own Self-Driving Vehicle Company

By Brian Spaen

Toyota is creating a new company that is entirely focused on automated driving. The spinoff in Tokyo, called Toyota Research Institute-Advanced Development (TRI-AD), will be creating software for self-driving technology. They’ll be focusing on both driver assistance and fully autonomous cars as they look to keep all production in-house.

$2.8 billion will be invested in TRI-AD and the company expects to hire around 1,000 employers over the next couple years. It will be a branch of the Toyota Research Institute that was first created in North America back in 2016. This was established to explore artificial intelligence in vehicles and robotics.

Advanced Development will be handling data collected from autonomous vehicle testing and will translate it from research to commercialization. This means they’ll be creating the self-driving software based on what they learn in product development. On a worldwide scale, they're looking to bring high-level engineers to their workplace.