Amazon and Toyota team up

By: Miguel A. Rodriguez

09:45, 14 September 2020

1597753231.jpg
Self-driving cars represent the future for Toyota

The week debuted with a deal between the carmaker Toyota and Amazon. The agreement aims to help Toyota develop cloud-connected vehicles. 

The automaker will start to install data communication modules in all new cars that will be sold in the US, Japan, and China by the end of 2020. After that, both companies will analyze the collected data using the Amazon Cloud unit.

This partnership comes somehow unexpected, as Toyota worked with Microsoft’s Azure platform since 2011. Currently, it is working with AWS and some of its subsidiaries. 

As self-driving cars seem to be the future, Toyota wants to take advantage of its AWS collaboration to develop connected vehicles before the 5G technology becomes global. 

However, Toyota is not the first company from the automotive sector to make such a deal. Volkswagen expanded its partnership with AWS to develop cloud-based software, which will allow customers to buy and sell industrial applications. 

Read more about the latest collaborations on CAPEX.com! 

Sources: reuters.com, asia.nikkei.com 

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Most affected instruments

TOYOTA

$ 10

AMZN

$ 10

MICROSOFT

$ 10

Volkswagen

$ 10