The carmaker has supplied $94.8m for deep learning technology developer and existing strategic partner Preferred Networks and is now its largest shareholder.
Automotive manufacturer Toyota invested approximately ¥10.5bn ($94.8m) in Japan-based deep learning technology developer Preferred Networks (PFN) on Friday, in a deal that made it Preferred’s largest external investor.
Founded in 2014 as a spinout of natural language processing software provider Preferred Infrastructure, PFN is working on deep learning technology for the internet of things, helping connected devices use data more efficiently.
PFN focuses on the transport, manufacturing and healthcare sectors, and it is the former where Toyota’s interest lies.
The…
