Toyota to invest in ALBERT
Toyota Motor Corporation and ALBERT Inc. announced an agreement on a business alliance for big data analysis—primarily in the field of advanced development of automated driving technology—and that Toyota will invest in ALBERT. Toyota's investment in ALBERT is expected to be in the amount of 400 million yen, and Toyota is to acquire new shares in ALBERT issued through a third-party allocation of shares dated May 30, 2018.
ALBERT has been actively expanding into the field of imagery analysis in the development of automated driving technologies. Through the business alliance, Toyota believes it will be possible to strengthen elements such as data analysis processes in Toyota's development of AI technologies, which is expected to accelerate its development of automated driving technologies.
Executive General Manager Ken Koibuchi, who is in charge of the development of automated driving at Toyota's in-house Advanced R&D and Engineering Company, commented, "We believe that AI technologies are indispensable for achieving our vision of 'safe and smooth mobility for all people.' To bring out the full performance of AI technologies, it is necessary to skillfully manage large volumes of data. I look forward to this business alliance accelerating Toyota's development of automated driving technologies."
ALBERT President Takeshi Matsumoto said, "For technological innovation, such as in the development of automated driving technologies, to be fully implemented in society and be able to create new value, advanced analytical capacity centered on AI and machine learning and data scientists who pursue realization of this are essential. Going forward, our company intends to support 'safe technological innovation demanded by society' through, among other efforts, the strengthening of a distinguished group of data scientists who aim for enhanced analysis."