Billion-Dollar Investment in AI-Driven Autonomous Driving Technology: Toyota and Nippon Telegraph & Telephone Announce Collaboration

Toyota and Nippon Telegraph & Telephone have agreed on a significant investment in the development of autonomous driving software supported by artificial intelligence. The aim of this collaboration is to promote technological innovations in the field of autonomous driving. By the year 2030, the two corporations will jointly invest 500 billion yen, which is approximately 3.3 billion US dollars, in this forward-looking project. This strategic partnership is intended to combine the expertise of both companies and pave the way for safer and more efficient mobility solutions. Particular focus is directed towards the development of state-of-the-art algorithms and technologies that not only drive technological advancement but could also set pioneering standards in the automotive industry. The substantial investment underscores both companies' commitment to being at the forefront of technology development.