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Wireless

Toyota to acquire stake in AI company Preferred Networks

Friday 18 December 2015 | 11:37 CET | News
Toyota plans to acquire a stake in Tokyo-based machine-learning firm Preferred Networks, The WSJ reports. Toyota said it would acquire a 3 percent stake in Preferred Networks for JPY 1 billion (approximately USD 8.2 million), valuing the company at JPY 33.3 billion. The deal is scheduled for completion by 30 December.

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Categories: Mobile & Wireless
Countries: Japan
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