(Original title: Toyota launches venture capital fund targeting artificial intelligence startups)
Netease Technology News July 12 news, according to US media reports, Toyota Motor launched a 100 million US dollars, focusing on artificial intelligence Toyota AI Venture Capital Fund. This initial stage investment fund will become a subsidiary of Toyota Research Institute and will be used for the same purpose as other VC companies. The fund's managing director is Jim Adler, who is also vice president of Toyota Research.
Adler and his team have invested in three companies to date: Nauto, a developer of autonomous driving cars, SLAMcore, a developer of visual tracking and mapping algorithms, and Intuition Robotics, an old robotics partner.
The Toyota AI Venture Capital Fund stated that their greatest value is to help start-up companies think about business issues. Toyota Research also provides expertise to help the fund perform due diligence and help start-ups improve core technologies.
Adler said: "We let start-up companies responsible for discussing these issues, we will not obtain intellectual property rights from the investment." Toyota's fund as an independent subsidiary is to reduce the conflict of interest. The company is expected to focus on the seed stage and A round of financing. (Wood Xiulin)
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