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Toyota Launches $800M Fund To Boost ‘mobility’ And Ai-focused Companies

by forbes.com posted 2weeks ago 20 views
The carmaker expects to see a drop in vehicles sold this year, as Covid-19 keeps consumers out of dealerships. : Toyota is accelerating its transition from a traditional carmaker to one with a broader focus on mobility, with the announcement Thursday of a new $800 million global investment fund designed to back growth-stage companies that are developing innovative technologies and business models in autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities.

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