Nov. 06, 2015
President Akio Toyoda
At a press conference today, Toyota Motor Corporation announced it will establish a new company, Toyota Research Institute Inc. (TRI), as an R&D enterprise with an initial focus on artificial intelligence and robotics. The headquarters will be located in Silicon Valley near Stanford University in Palo Alto, California, U.S.A. A second facility will be located near the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts, U.S.A. The new company will begin operations in January 2016.