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Toyota Launching $1 Billion AI Lab . . . And It’s Not Just For Cars

The automaker is hiring robotics expert Gill Pratt—and investing $1 billion in R&D labs near Stanford and MIT.

Toyota has big plans for artificial intelligence—and not just in cars. The automaker is earmarking $1 billion in funds for a new subsidiary called the Toyota Research Institute (TRI). The R&D firm will focus on building artificial intelligence products for automobiles and the home.

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