According to the newspaper, the Toyota Research Institute will use its $1 billion budget to purchase both companies. The Institute was established in November 2015 to develop AI, robotics and autonomous car technologies and opened its first facility in Silicon Valley in January.

Earlier this week, Tech Insider reported that the "ink is nearly dry" on the deal, suggesting it won't be long until Alphabet and Toyota formally announce the trade. It added autonomous vehicle specialist Jaybridge Robotics to its team in March, now it's looking to bolster its team ahead of a possible rollout of self-driving cars in 2020. Let's hope Spot, Atlas and AlphaDog make the journey too.