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Tesla And Toyota Named Among Smartest Companies

Jun 27, 2016 SmartestCompanies, MIT, innovations, Toyota, Tesla


MIT Technology Review has named Toyota and Tesla Motors the world’s 'smartest' companies, placing the automakers among respected tech leaders such as Amazon, Alphabet, and Facebook, and ahead of others such as Microsoft, IBM, and Intel. Ranked #17, Toyota was one of only two automakers to achieve the distinction. The other was Tesla Motors which achieved an impressive 4th position.

MIT Technology Review recognized Tesla for its plan to extend its battery technology from cars to residential and commercial applications. This year, Tesla’s Autopilot technology stands out for the way it integrates feedback from a camera, radar, ultrasonic sensors, and GPS to aid drivers on highways, help them avoid collisions, and assist them in parking. Besides advancing semi-autonomous driving, Tesla is also making electric vehicles more accessible by introducing its most affordable car yet, the $35,000 Model 3. According to CEO Elon Musk, drivers have a 50 percent lower chance of having an accident when driving with Tesla Autopilot.

Toyota was recognised for the launch of the Toyota Research Institute, which “will study the future of mobility, artificial intelligence, and robotics.” The magazine also highlighted Toyota’s release of the Mirai, one of the world’s first mass-market hydrogen fuel vehicles, and Toyota’s efforts to develop “a network of  accessible and reliable hydrogen fuel stations” to support the Mirai and other potential future hydrogen vehicles.The Mirai has a range of over 300 miles and emits only water vapor.

MIT Technology Review, a global media company backed by the Massachusetts Institute of Technology, is recognized nationally for its coverage of science, business and technology. To make the list, editors “pick the 50 companies that best combine innovative technology with an effective business model.”

The full list of ’50 Smartest Companies’ can be viewed on MIT Technology Review’s website at https://www.technologyreview.com/lists/companies/2016 and will be available on newsstands worldwide July 5.

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