Sunday, May 25, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Apple cancels its autonomous electric car project and is laying off some workers

Simon Osuji by Simon Osuji
February 27, 2024
in Creator Economy
0
Apple cancels its autonomous electric car project and is laying off some workers
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Apple is scuttling its secretive, long-running effort to build an autonomous electric car, executives announced in a short meeting with the team Tuesday morning. The company is likely cutting hundreds of employees from the team and all work on the project has stopped, TechCrunch has learned.

Some remaining employees will be shifted to Apple’s generative AI projects, according to Bloomberg, which first reported the project’s cancellation. Others will have 90 days to find a reassignment to other roles inside the company, or they will be let go. The car project still had around 1,400 employees working on it, according to one employee who was granted anonymity because they were not authorized to speak about their work.

The decision to kill the project comes at a time when major automakers are reevaluating their investments in electric vehicles, and amid increased scrutiny on autonomous vehicle projects. Apple’s entry into the automotive sector was also seen as a possible boon to its bottom line, giving it a new source of revenue to help bolster against stagnating hardware sales and regulatory threats to its services business. Apple declined to comment.

Apple first started working on its car project, known internally as “Project Titan,” in 2014. At one point, it had around 5,000 workers dedicated to the effort. But Apple pivoted repeatedly over the last decade, oscillating between an emphasis on making an all-electric Tesla competitor and a fully-autonomous vehicle more akin to what Waymo has created. Most recently, Bloomberg reported in January that the project’s leadership was under pressure from Apple’s top executives and its board to find a way to bring something to market sooner than later.

Apple’s chief operating officer Jeff Williams and the vice president in charge of Titan, Kevin Lynch, announced the news to the team Tuesday in a short meeting that lasted about 12 minutes, and did not take questions, according to the employee. While this person described the announcement as “abrupt,” they said the decision was not. “This has been in the works for a long time,” the employee said.

This story is developing…

Source link

Related posts

Week in Review: Notorious hacking group tied to the Spanish government

Week in Review: Notorious hacking group tied to the Spanish government

May 24, 2025
Microsoft says its Aurora AI can accurately predict air quality, typhoons, and more

Microsoft says its Aurora AI can accurately predict air quality, typhoons, and more

May 24, 2025
Previous Post

Murder Suspect Kevin Kang’ethe Fires His Lawyers

Next Post

Combining AI and IoT can make structures safer

Next Post
Combining AI and IoT can make structures safer

Combining AI and IoT can make structures safer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Rwanda-Backed M23 Says Handed 20 Hutu Rebels to Kigali

Rwanda-Backed M23 Says Handed 20 Hutu Rebels to Kigali

3 months ago
NMDPRA, stakeholders collaborate to address wholesale gas challenges – EnviroNews

NMDPRA, stakeholders collaborate to address wholesale gas challenges – EnviroNews

6 months ago
Congress Clashes Over the Future of America’s Section 702 Spy Program

Congress Clashes Over the Future of America’s Section 702 Spy Program

1 year ago
Goldwind profits plunge despite wind power surge in China

Goldwind profits plunge despite wind power surge in China

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.