Toyota is betting $6.4 billion a year on humanoid robots and factory automation
AI summary Toyota plans to roll out 400,000 robots, backed by about $6.4 billion in yearly spending on humanoid machines and factory automation. Walden Robotics, its AI robotics spinout, listed in July, valued at $1.1 billion after raising $300 million. Goldman Sachs analysts see Toyota taking 3 to 8 percent of the humanoid market by 2035, competing with Hyundai, Tesla and Xpeng. The robots will go first into Toyota's own plants, while investors recall earlier letdowns with solid-state batteries and hydrogen cars.