TECH - Japanese Automakers Toyota Nissan Partner With Tencent Baidu To Boost AI Capabilities In China | Benzinga
In a significant development, Japanese automakers Toyota Motor Corp (NYSE:TM) and Nissan Motor Co (OTC:NSANY) have teamed up with Chinese tech behemoths Tencent Holdings Ltd (OTC:TCEHY) and Baidu Inc (NASDAQ:BIDU) respectively. The goal of these partnerships is to enhance their artificial intelligence (AI) capabilities in China.
What Happened: Toyota plans to incorporate Tencent’s technology into a passenger vehicle manufactured in China, set to be launched this year, CNBC reported on Thursday. The alliance aims to capitalize on Tencent’s expertise in big data, AI, and cloud computing, according to Yiming Xu, a director for brand and communications for Toyota in China.
In a parallel move, Nissan and Baidu have inked a memorandum of understanding to research AI and “smart cars.” Nissan intends to utilize Baidu’s generative AI on its platform to investigate potential tech development opportunities. The automaker also plans to outfit its Chinese vehicles with Baidu’s AI ...