Market Chatter: Japanese Automakers to Collaborate on AI-Powered Autonomous Driving

MT Newswires Live
06-02

Toyota Motor (TYO:7203), Honda Motor (TYO:7267), and other Japanese automakers will jointly develop AI-powered autonomous driving technology under a new government-backed framework, according to Nikkei Asia Review, citing the government.

The transport ministry is establishing this framework to facilitate collaboration among automakers on self-driving tech aided by artificial intelligence, said the news daily.

This initiative is part of Japan's broader strategy to promote software-defined vehicles and particularly focuses on AI-assisted driving, the report said.

The partners will discuss developing and commercializing AI for Level 4 self-driving and higher, including building AI infrastructure, fostering human resources, and establishing safety and international standards, added the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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