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Business trends

KDDI and Sony invest in self-driving startup

Tier IV receives $28m in its bid to set industry standard

Tier IV's autonomous driving technology gets taken for a test spin in Kota, Aichi Prefecture, in December.

TOKYO -- With autonomous-driving technology looking like the next big thing in the automotive industry, major companies in fields from technology to electronics and telecommunications have been teaming up with self-driving startups, investing aggressively and jockeying to take control of the latest developments. 

Japan's KDDISony and others have invested around 3 billion yen ($28.4 million) in Tier IV, a university-affiliated startup that develops and sells operating systems for self-driving vehicles.

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