Toyota Equips Tokyo Taxis With AI Program to Rival Rideshare Tech

Asian car giant Toyota is looking to outdo Uber by predicting demand for rides. By utilizing data gathered from smartphones, cab locations, climate conditions, and numerous other factors, Toyota believes they can optimize Tokyo’s entire taxi fleet. The project comes as a collaboration between Toyota, taxi-calling startup Japan Taxi, telecom corp KDDI, and Accenture Plc., and together recently announced a 94% accuracy rate. Though Toyota has invested in Uber, they also directly fund Uber competitors like Japan Taxi.

Analysts say that taxi markets are prone to not meeting demand, whereas ride-share markets ignore common supply depressors like poor weather. Software and variable pricing allow Uber and other rideshare companies to move drivers to where demand is focused, giving at least a 20% sales boost.

Toyota first began equipping 500 Tokyo taxis with their TransLog devices last year. Toyota expects the installation to be fully complete by the end of 2018, streaming real-time data about taxis that should help the program better direct drivers to high-demand locations. Observers also say the AI-powered system should make automated, driverless cars an easier transition.

Follow us on social media for the latest updates in B2B!

Image

Latest

safety culture
Nurturing and Growing a Sustainable Safety Culture
May 22, 2024

Applied Digital champions a proactive approach to workplace safety, empowering employees to take ownership of their health and safety. This video showcases our open-door policy, which allows employees to easily connect with environmental health and safety (EH&S) professionals via phone, email, or a dedicated helpline for support in any situation. We also highlight our…

Read More
executive leadership commitment to safety
Applied Digital’s Executive Leadership Commitment to Safety
May 22, 2024

This video explores the profound impact of Applied Digital’s executive leadership view commitment to safety. It highlights the key initiatives led by senior executives to foster a culture where safety is paramount. A standout strategy is the incorporation of a ‘safety moment’ at the start of every meeting, designed to heighten safety awareness from…

Read More
employee safety
At Applied Digital, Employee Safety is #1
May 22, 2024

At Applied Digital, employee safety transcends mere compliance—it’s a core value that defines our corporate ethos. This video underlines the importance of creating a robust health and safety environment, ensuring every team member returns home safely daily, and fostering a positive and secure workplace atmosphere. By prioritizing safety above all, including production, Applied Digital…

Read More
Anthony Zhang discusses wine investment
Wine Investment Has a Promising Future With Technology Pushing it Forth
May 22, 2024

Because investment opportunities are often shifting, wine investment is gaining some significant attention. With traditional markets experiencing volatility and uncertainty, investors are increasingly looking towards unique assets like fine wine and spirits to diversify their portfolios. The potential for appreciation over time, combined with the enjoyment of owning a tangible asset, has made wine…

Read More