(Bloomberg) -- Toyota Motor Corp. is spending $1 billion to forma research institute focused on the artificial intelligence androbotics technology it needs to make cars that can overcome drivererrors and reduce traffic fatalities.

Toyota Research Institute Inc. will pitch in on the safetysystems the automaker is developing to curtail car accidents thatkill 1.25 million people per year worldwide. The company will alsowork toward making it easier for elderly drivers to hang onto theirkeys in aging countries including Japan and the U.S., Toyota’sbiggest markets.

Newly-formed R&D unit

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