Toyota has launched a new research venture, investing more than $2.8-billion towards the development of autonomous vehicle technologies.

The Tokyo-based venture, an offshoot of the Toyota Research Institute called the Toyota Research Institute of Advanced Development, is a collaboration between Toyota and partner automotive suppliers Aisin Seiki Co., Ltd., and Denso Corporation. The three will assume ownership stakes of 90 percent, 5 percent, and 5 percent, respectively, overseeing up to 1,000 employees with a broad engineering contingent after starting with roughly 300.

An additional $1-billion will also be reserved for artificial intelligence, funneled through Toyota’s U.S.-based Toyota Reseach Institute, in collaboration with Uber and Microsoft.

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“This company’s mission is to accelerate software development in a more effective and disruptive way, by augmenting the Toyota Group’s capability through the hiring of world-class software engineers,” said James Kuffner, chief technology officer of the Toyota Research Institute, in a statement.

Established in 2016, the Palo Alto, Calif.-based Toyota Research Institute was created to increase development in the fields of artificial intelligence, robotics, and self-driving vehicles. It was initially backed by a $1-billion pledge, including a $50-billion cash infusion into Stanford and MIT research facilities. At the 2018 Consumer Electronics Show, Toyota showcased its Level 3 autonomous driving system named “Guardian,” after debuting its first-generation version in Mar. 2017.

Toyota has stated a goal to introduce autonomous technology and launch 10 electric vehicles to the market by 2020, with annual sales of a minimum of 5.5 million electrified (hybrids and fuel cell) vehicles by 2030.