TOKYO -- Toyota Motor plans to invest in Tokyo artificial-intelligence venture PKSHA Technology to help further R&D in automated driving and connected cars.
Founded in 2012, PKSHA will list on the Tokyo Stock Exchange's Mothers market Sept. 22. Toyota intends to purchase up to 1 billion yen ($9.15 million) in newly issued stock. Assuming a share price of 1,690 yen, the automaker could emerge with just over a 4% stake.
