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Stock impact report

Toyota Research Institute Announces Multimillion-Dollar Challenge to Accelerate Research in New Advanced Materials [Yahoo! Finance]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Yahoo! Finance
April 18, 2024 /PRNewswire/ -- Toyota Research Institute (TRI) announces a multiyear, multimillion-dollar challenge aimed at closing the gap between recent advances in AI prediction of new materials and finding the actual "recipe" needed to make these hypothetical materials in the real world. Researchers can presently use AI and simulation to find millions of novel materials at unprecedented rates. While this is encouraging, a bottleneck occurs when trying to create these materials in the laboratory. Developing the recipe to create even a single new material in the lab – the act of synthesis – can take years. "Accelerating the synthesis of computer-predicted materials could be a game changer in the development of advanced technologies such as EV batteries," said Brian Storey , TRI's Senior Director of Energy & Materials. "That's why TRI is trying something new. We are inviting the best researchers in this field to bring fresh thinking to help close the gap between the computer and Show less Read more
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