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Toyota Motor Corp.'s Executive Technical Advisor Gill Pratt, left, and President Akio Toyoda, right, shake hands during a press conference on artificial intelligence in Tokyo, Friday, Nov. 6, 2015. Toyota is investing $1 billion in a research company it's setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker's determination to lead in futuristic cars that drive themselves and apply the technology to other areas of daily life. (AP Photo/Eugene Hoshiko)

(Bloomberg) — Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities.

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