4 Sources
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Toyota, NTT to Invest $3.3 Billion on Development of AI Platform
TOKYO (Reuters) - Toyota Motor and Nippon Telegraph and Telephone (NTT) said on Thursday they expect to invest a total of 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence (AI) to reduce traffic accidents. The automaker and the
[2]
Toyota, NTT to invest $3.3 bln on development of AI platform
TOKYO, Oct 31 (Reuters) - Toyota Motor (7203.T), opens new tab and Nippon Telegraph and Telephone (NTT) (9432.T), opens new tab said on Thursday they expect to invest a total of 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence (AI)
[3]
Toyota, NTT to Invest $3.3 Billion in AI, Autonomous Driving
Toyota Motor Corp. and Nippon Telegraph & Telephone Corp. have agreed to invest billions to develop autonomous-driving software assisted by artificial intelligence. The two companies plan to jointly invest ¥500 billion ($3.3 billion) between now and 2030, executives said in a news briefing on
[4]
NTT and Toyota Motor Corporation agree to joint initiative in the field of mobility and AI/telecommunications with the aim of realizing a society with zero traffic accidents By Investing.com
Toyota City, Japan, Oct 31, 2024 - (JCN Newswire) - - Today, Toyota Motor (NYSE:TM) Corporation (hereafter, Toyota) and Nippon Telegraph and Telephone (OTC:NPPXF) Corporation (hereafter, NTT) have agreed to a joint initiative in the field of mobility and AI/telecommunications with the aim of
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Toyota Motor and Nippon Telegraph and Telephone (NTT) have agreed to jointly invest $3.3 billion by 2030 to develop an AI-powered mobility platform aimed at reducing traffic accidents and advancing autonomous driving technology.

In a groundbreaking collaboration, Toyota Motor Corporation and Nippon Telegraph and Telephone Corporation (NTT) have announced a joint initiative to develop an AI-powered mobility platform. The two Japanese giants plan to invest a total of 500 billion yen ($3.3 billion) by 2030, aiming to create a society with zero traffic accidents
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.The centerpiece of this collaboration is the development of a "Mobility AI Platform" that will combine seamless communications infrastructure with AI and computing capabilities. This platform is designed to process vast amounts of data intelligently, connecting people, vehicles, and infrastructure to realize a safe, secure, and sustainable mobility society
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.Key components of the Mobility AI Platform include:
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The development of the Mobility AI Platform is set to begin in 2025, with social implementation and collaboration with various partners starting around 2028. The companies are targeting widespread adoption from 2030 onwards
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.This initiative goes beyond traditional automotive technology, incorporating Toyota's development of Software Defined Vehicles (SDV) with a primary focus on safety and security. The platform aims to support driving assist technology and future automated driving capabilities by leveraging large amounts of data
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.The project also addresses environmental concerns by strategically locating computing resources in areas rich in renewable energy. This approach aims to achieve local production and consumption of electricity while promoting energy efficiency in data analysis and processing
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.Related Stories
Toyota and NTT envision that the Mobility AI Platform will become a standardized tool in the mobility field. They plan to make it available not only for their own use but also to a wide range of industry, government, and academic partners who share the goal of realizing a society with zero traffic accidents
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.The collaboration between Toyota and NTT is built on shared values, including contributing to society through technological and industrial development, a people-centered approach, and global contributions originating in Japan. This joint initiative represents a significant step towards creating a prosperous mobility society where safety and freedom coexist harmoniously
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.As this ambitious project unfolds, it has the potential to revolutionize the automotive and telecommunications industries, setting new standards for AI-driven mobility solutions and road safety worldwide.
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