Smart City Initiatives: Toyota and NTT’s $3.27 Billion Investment in Mobility AI
Smart City Project Funding
Toyota Motor and Nippon Telegraph and Telephone (NTT) have jointly announced a substantial investment of 500 billion yen (approximately US$3.27 billion) by 2030. This funding is aimed at developing a sophisticated AI mobility platform designed to significantly reduce traffic accidents.
Enhancing Driver-Assist Technology
- Focus on using large data sets to support advanced driver-assist technology.
- Anticipate a ready system by 2028.
- Collaborative efforts aimed at preventing accidents from poor visibility in urban settings.
Competitive Landscape
As Japanese manufacturers face intensifying competition from Tesla and various Chinese firms in the autonomous driving sector, this partnership seeks to position them favorably.
Future Vision and Partnerships
- System aimed for widespread use by industry players, government, and academic institutions by 2030.
- First partnered in 2017, focusing on technology for 5G-connected vehicles.
- Plans to test driverless-vehicle technology by 2025.
Woven City and Beyond
In addition to the AI initiative, Toyota has established a new unit named Woven by Toyota, concentrating on autonomous driving technology and developing an automotive software platform, known as Arene. They are also working on establishing a testing site called Woven City in Shizuoka prefecture, aimed at enhancing mobility systems and services.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.