1. President of Toyota Motor Corporation, Akio Toyoda, and Executive Technical Advisor, Gill Pratt, walking towards podium
2. SOUNDBITE (Japanese) Akio Toyoda, Toyota Motor Corporation President:
"I believe artificial intelligence technology has the potential to change our future lives and society dramatically. I am working with this technology focused on cars at the moment, but in the future I believe it will become the core of various industries. I believe it has big potential to go further than cars and to create a new industry."
3. Cutaway of journalists
4. SOUNDBITE (English) Gill Pratt, Toyota Executive Technical Advisor:
"Because the problem (referring to rapid aging of population) is more difficult here, I believe that companies in Japan understand this problem very significantly and very well. And so I think that to address this problem, as well as other problems in society - of course, Japan is a wonderful society where there is tremendous bonding between people, the idea we are all responsible for each other and for social good - I thought working with Toyota is actually the best choice."
Toyota will invest one (b) billion US dollars in a research company to develop artificial intelligence and robotics, underlining the Japanese automaker's determination to lead in futuristic cars that drive themselves and apply the technology to other areas of daily life.
Akio Toyoda, President of Toyota Motor Corporation, said in Tokyo on Friday that the company would start operating from January 2016, with 200 employees at a Silicon Valley facility near Stanford University in the United States.
A second facility will be established near Massachusetts Institute of Technology (MIT) in Cambridge, also in the US.
The investment, which will be spread over five years, comes on top of the 50 (m) million US dollars Toyota announced earlier for artificial intelligence research at Stanford and MIT.
High-profile robotics expert, Gill Pratt, will head the new organisation which will be called Toyota Research Institute Inc.
Pratt was formerly a programme manager at the US military's Defence Advanced Research Projects Agency.
He joined Toyota as a technical adviser when it set up its artificial intelligence research effort at Stanford and MIT.
Pratt said the company's goals were to support older people in their homes with robotics, make cars free of accidents and use artificial intelligence to allow all people to drive, regardless of ability.