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.
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Researchers at the Massachusetts Institute of Technology (MIT) and Amsterdam Institute for Advanced Metropolitan Solutions have started the world’s first major research program on autonomous floating vessels in metropolitan areas1. The program, named Roboat, is the world’s first major research program on autonomous floating systems that focusses on moving people and goods, portable infrastructure and data gathering.
Roboat aims to design and deploy the world’s first fleet of autonomous boats in the city of Amsterdam from 2017. The project has a budget of 25 million euros and the initial phase will last for five years.
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