Toyota Starts Company To Speed Development Of Autonomous Cars

The joint venture comprises Toyota and two of its major parts suppliers — Denso and Aisin Seiki

SAN FRANCISCO

In an attempt to move driverless-car software more quickly into its cars and trucks, Toyota is creating a separate company and hopes to fill it with some of the world’s best autonomous-vehicle coders.

Toyota Research Institute-Advanced Development, based in Tokyo, will draw on work turned out by Toyota’s research labs and transform it into commercial-ready products.

The joint venture comprises Toyota and two of its major parts suppliers — Denso and Aisin Seiki. The partners will invest $2.8 billion, Toyota said, but didn’t say when.

The company will be headed by James Kuffner, now chief technical officer of the Toyota Research Institute in Silicon Valley.

Kuffner, a Stanford University graduate and Carnegie Mellon University professor, was a researcher at Google from 2009 to 2016. He’s well known in the coding community as co-inventor of the randomly exploring random tree algorithm, a benchmark in robot motion planning.

Toyota is hoping such talent will help attract “world class” programmers to create a “smooth software pipeline from research to commercialisation,” a company news release said.

With 300 employees now, the new company will eventually employ 1,000, Toyota said.

Kuffner said he’ll move with his family from Silicon Valley to Tokyo, where the company conducts much of its internal business in English.

Tech talent is scarce in general, but especially so in driverless-car development. Toyota has driverless research centers in Los Altos, Ann Arbor, Mich., and Cambridge, Mass. The Tokyo centre will help extend the network, he said.

“We have always adopted the approach to take talent wherever we can get it. Based on the recent politics (that seek to reduce immigration) it’s harder for some of the talent to come to the US,” Kuffner said.

Also, a small, new growth company could attract more desirable workers with equity or stock options, he said.

Like all automobile manufacturers, Toyota is looking for ways to break down bureaucracy so it doesn’t get left behind as the industry moves rapidly toward robotic cars powered by electric drive.

Toyota has been reshuffling top management and diversifying its board of directors to face what Toyota Motor Corp. President Akio Toyoda sees as existential threats to the traditional automotive business.

“Over the next 100 years, there is no guarantee that automobile manufacturers will continue to play leading roles in mobility,” he said at a company event in November. “A crucial battle has begun — not one about winning or losing, but one about surviving or dying.”

Check out &nbspgetthat.com/autos&nbsp for hundreds of new and used cars for sale in the UAE.

RECENT NEWS

UAE Secures Over $30bn In Crypto Investments In Just One Year: Report

With a proactive regulatory framework, the UAE presents investors with a balance between innovation and security Read more

DIFC Partners With Lloyds To Boost Future Talent In Insurance Sector

The agreement, which envisages a longstanding partnership, will help support development of a talent pipeline into the ... Read more

Paymob Secures UAE Central Bank License For Retail Payment Services

The regulatory nod also enables the company to provide merchants with its full suite of omni-channel solutions Read more

Open Banking Fuels GCC Fintech Boom As UAE, Saudi Lead Regional Growth Surge

The open banking payments volume in the GCC is projected to quadruple to over $930 billion by 2028 from $230 billion in... Read more

Saudi Arabia Leads Region With 178 Venture Capital Deals Last Year

Saudi venture capital funding is supporting business startups in the Kingdom Read more

UAE Gold Reserves Reach $6.7bn

CBUAE gold reserves surged by 34.8 per cent in the first 10 months of 2024 Read more