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Toyota Takes on Tesla with $3 Billion Investment in Autonomous Driving

by THEFUTURE.TEAM

November 1, 2024

Toyota is intensifying its competition with Tesla through a substantial investment of over $3 billion in autonomous vehicle technology, in collaboration with Japanese telecom giant Nippon Telegraph and Telephone (NTT). Announced by Toyota CEO Koji Sato, this investment will focus on creating an AI-powered infrastructure and software platform designed to improve road safety and reduce traffic accidents.

Toyota and NTT will jointly invest $3.27 billion to build a robust AI-driven platform aimed at predicting and responding to traffic incidents, with implementation slated for 2028 and potential sharing with other companies. This AI-powered network is expected to enhance safety, making autonomous driving systems more adaptive to real-time traffic situations.

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Background

Japanese companies, including Toyota and NTT, have been investing in autonomous technology for years, though they lag behind competitors like Tesla and BYD in developing software-defined vehicles. Toyota and NTT’s partnership began in 2017 with a focus on 5G applications for vehicles, expanding in 2020 to include a smart city project. By 2021, Toyota had also launched a specialized division dedicated to AI-driven autonomous driving technology.

Tesla, meanwhile, remains a prominent player in autonomous driving, having recently unveiled its robotic taxi and begun initial tests of a taxi service in the U.S. However, the timeline for mass production of Tesla’s robotic taxis remains uncertain.

In 2023, Toyota reported a revenue of $270.5 billion, while NTT’s revenue was approximately $97.4 billion last year. With this new venture, Toyota aims to close the gap in the autonomous driving race, positioning itself to make significant strides in the industry.

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Cyprus Economy Outperforms EU Benchmarks With 4.5% Quarterly Growth

by THEFUTURE.TEAM

February 16, 2026

The Cypriot economy recorded an impressive 4.5% year-on-year growth in the fourth quarter of 2025, according to preliminary estimates from the Statistical Service. This performance represents a notable acceleration, with a seasonally adjusted quarterly increase of 1.4% compared to the previous period.

Quarterly Performance Surpasses Expectations

Based on Eurostat data, Cyprus has significantly outpaced its European counterparts. While the Eurozone achieved an average growth rate of 1.3% and the European Union registered 1.5%, Cyprus clearly outperformed both. Such robust quarterly performance underlines the nation’s strategic economic positioning amid global market uncertainties.

Full-Year Projections And Fiscal Discipline

For the entire year 2025, growth is forecasted at 3.75%, exceeding earlier predictions from the Ministry of Finance and several domestic and international agencies, which had estimated an increase between 2.9% and 3.5%. This optimistic projection is supported by a low inflation environment and conditions of near-full employment.

Sustainable Growth Amid Global Uncertainty

Despite increased international volatility, Cyprus continues to demonstrate a resilient economic dynamic. Experts assert that a commitment to prudent and disciplined fiscal policies will bolster the nation’s ability to maintain medium-term growth rates above 3%. This strategic approach offers a strong competitive edge, much like other success stories in high-growth markets where sound economic management has proven vital.