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Toyota gears up against Google, Ford, and Tesla with $100 million AI venture fund

The new fund, officially a part of Toyota Research Institute, is called Toyota AI Ventures, and will concentrate its investments in four areas: artificial intelligence, robotics, autonomous mobility, and data and cloud technology. The effort should pit Toyota against a wide variety of big-name auto and tech-industry players, including Google, Tesla, Ford, and others.

Toyota AI Ventures, which is based in Silicon Valley, has already put money into three startups:  Israel’s Intuition Robotics, Silicon Valley’s Nauto, and England’s SlamCore.DT