Toyota Invests 1 Billion in Artificial Intelligence in U.S.

Silicon Valley is diving into artificial intelligence technology, with start-ups sprouting up and Google and Facebook pouring vast sums into projects that would teach machines how to learn and make decisions. Now Toyota wants a piece of the action. Toyota, the Japanese auto giant, on Friday announced a five-year, 1 billion research and development effort headquartered here. As planned, the compound would be one of the largest research laboratories in Silicon Valley. Conceived as a research facility bridging basic science and commercial engineering, it will be organized as a new company to be named Toyota Research Institute.