Toyota Wants to Mass Produce AI-Powered "Fully Driverless Robotaxis."

Two Toyota-owned entities, Toyota Motor Investment Company (TMCI) and GAC Toyota Motor Company (GTMC) have just entered into a joint venture with leading autonomous-driving company Pony.ai -- with the intention of mass producing "fully driverless robotaxis."As part of the joint venture, the China-based Toyota entities will invest more than $139 million USD, which brings its total investments in Pony since 2020 to a total of roughly $539 million USD.Terms in the partnership outline that GTMC will...