Toyota pouring $50 million into Stanford, MIT research centers to help automate driving

Markets Associated Press

Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology in hopes of gaining an edge in an accelerating race to phase out human drivers.

Continue Reading Below

The financial commitment announced Friday will be made over the next five years at joint research centers at the schools located in Silicon Valley and another technology hub in Cambridge, Massachusetts.

Toyota has hired robotics expert Gill Pratt to oversee research aimed at developing artificial intelligence and other innovations that will enable future car models to navigate the roads without people doing all the steering and stopping.

Major tech companies such as Google and Uber are competing against a range of automakers to make robot cars that will be better drivers than people and save lives by causing fewer accidents.