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Toyota starts $1 billion center to develop cars that don’t crash

The research institute will focus on the artificial intelligence and robotics technology Toyota needs to make cars that can overcome driver errors and reduce traffic fatalities.

By Craig Trudell, Bloomberg, Yuki Hagiwara, Bloomberg | Updated on November 06, 2015
Toyota Motor Corp.'s Executive Technical Advisor Gill Pratt, left, and President Akio Toyoda, right, shake hands during a press conference on artificial intelligence in Tokyo, Friday, Nov. 6, 2015. Toyota is investing $1 billion in a research company it's setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker's determination to lead in futuristic cars that drive themselves and apply the technology to other areas of daily life. (AP Photo/Eugene Hoshiko)

(Bloomberg) — Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities.

Toyota Research Institute Inc. will pitch in on the safety systems the automaker is developing to curtail car accidents that kill 1.25 million people per year worldwide. The company will also work toward making it easier for elderly drivers to hang onto their keys in aging countries including Japan and the U.S., Toyota’s biggest markets.

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