Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Toyota is creating a $100 million venture fund to invest in autonomous driving and robotic technology start-ups as automakers increasingly push into the self-driving market, the company announced Thursday.
Toyota AI Ventures, a Silicon Valley-based subsidiary of Toyota, plans to invest the money into early-stage startups that are developing "disruptive" technologies in those fields, the company said.
"Auto manufacturers must participate in the startup ecosystem to stay ahead of the rapid shift in the auto industry," Jim Adler, managing director of Toyota AI Ventures, said in a statement.
The company said the fund is part of Toyota's mission to help "discover what's next" for Japan's biggest automaker. Toyota's AI venture fund has already invested in 19 different start-ups over the last two years, bringing its total funding commitment to autonomous driving technology to $200 million, the company said.
"The growing interest in automated systems has created great opportunities to improve human lives using AI and next-generation mobility technology," Dr. Gill Pratt, chief executive officer at the Toyota Research Institute, said in a statement. Pratt added the fund will help "bridge the gap" between automakers and technology start-ups focused on autonomous transportation.
This is just the most recent investment Toyota is making in the autonomous vehicle market. In April, Toyota and auto-parts supplier Denso said they would together invest $667 million into Uber's self-driving vehicle unit. Toyota also committed to contributing an additional $300 million to Uber's push into self-driving vehicles over the next three years.
At the 2018 Consumer Electronics Show, Toyota also unveiled a self-driving concept food-delivery vehicle called the e-Pallette. The e-Pallette was part of a partnership with Amazon to help Amazon explore ways to use self-driving cars for food delivery.
Entering the autonomous vehicle market has been a goal for many automakers, with companies including Ford, BMW and Daimler all looking to innovate in self-driving vehicles. In April, Ford said it aims to have 100 self-driving vehicles on the road by the end of 2019. Ford announced in March that it is building a new factory in Michigan to focus on its self-driving vehicle efforts.
BMW and Daimler also said in February that they are collaborating to develop automated driving technologies.