Artificial intelligence is gaining more interest as companies are beginning to invest heavily into the technology. This week, Google and Toyota both announced the launch of new venture capital funds to support growing AI startups.
Toyota announced the launch of Toyota AI Ventures, a new venture capital subsidiary that will provide early-stage financing to startup technology companies. As part of the launch, the company is investing an initial $100 million into the VC. The venture has already made three investments into Nauto, SLAMCore and Intuition Robotics.
