Toyota Motor Corporation (Toyota) and Albert Inc. have agreed on a business alliance for big data analysis, mainly in the field of advanced development of automated driving technology, and that Toyota will invest in Albert.
The investment in Albert is expected to be around 400 million yen, with Toyota acquiring new shares in Albert issued through a third-party allocation of shares dated May 30, 2018.
To promote the development of automated driving technologies, Toyota has been bolstering its organisation by establishing the advanced research company, Toyota Research Institute (TRI), in the United States in January 2016 and the advanced development company, Toyota Research Institute-Advanced Development (TRI-AD), in Tokyo, while also advancing its technology development centred on AI.
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