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Source: Toyota

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

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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.