Toyota commits $6.4 billion yearly to humanoid robots
The Decoder: Toyota is betting $6.4 billion a year on humanoid robots and factory automation
Toyota wants to turn itself into a global robotics company, and it's betting on humanoid robots and factory automation to get there. The article Toyota is betting $6.4 billion a year on humanoid robots and factory automation appeared first on The Decoder.
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Toyota is committing $6.4 billion annually to develop humanoid robots and factory automation as part of a strategy to become a global robotics company, with plans to deploy 400,000 robots. The company's AI robotics spinout recently went public with significant funding, and analysts project it could capture a meaningful share of the humanoid robot market by 2035, competing against other major manufacturers. Toyota intends to deploy robots first in its own factories, where the environment is easier to control. Some investors remain skeptical, citing the company's previous shortfalls with hydrogen cars and solid-state batteries.
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