Toyota launches venture capital fund targeting artificial intelligence startups

Toyota launches venture capital fund targeting artificial intelligence startups -

  • Toyota is the latest Fortune 500 company to launch an AI focused venture capital fund.
  • The initial early-stage fund will deploy $100 million and operate as a subsidiary of the Toyota Research Institute.
  • The automaker has strategically positioned itself as an ROI rather than strategic-focused fund — meaning that it aims to profit like any other VC firm.

 Toyota is the latest Fortune 500 company to launch an AI focused venture capital fund. The initial early-stage fund will deploy $100 million and operate as a subsidiary of the Toyota Research Institute. The automaker has strategically positioned itself as an ROI rather than strategic-focused fund — meaning that it aims to profit like any other VC firm. Read More
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Google Deep Learning Founder says Tesla’s Autopilot system is ‘irresponsible’

Google Deep Learning Founder says Tesla’s Autopilot system is ‘irresponsible’

  • Tesla will prioritize Model 3 reservations for current Tesla owners over non-owners
  • It doesn’t seem fair for Ng to ask not to ship the Autopilot, which is extremely useful to tens of thousands of Tesla owners, just because a few of them are abusing the system.
  • Following a few recent accidents in the past weeks, Tesla received some criticisms over its approach on releasing semi-autonomous features.
  • One of the most severe criticism came from renowned scientist Andrew NG who said that it was plainly “irresponsible” for Tesla to ship the Autopilot.
  • It’s still difficult to agree with Ng’s claim of creating a “false sense of safety” when Tesla asks drivers to “prepare to take immediate corrective action” and even recommend to keep their hands on the wheel – it doesn’t do much to create a sense of safety.

Read the full article, click here.


@ElectrekCo: “Google Deep Learning Founder says Tesla’s Autopilot system is ‘irresponsible’”


Tesla Model 3 exclusive leaked specs: 0-60 under 4 sec fast and 300+ mile range options (Update: Base 6 sec 0-60 and 215 mile range)


Google Deep Learning Founder says Tesla’s Autopilot system is ‘irresponsible’