Tiktok Youtube Telegram Instagram Linkedin X-twitter
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • 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
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist
  • Fashion Intelligence
  • 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
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist
  • Fashion Intelligence

Apple Cancels Its 10-Year Self-Driving Electric Car Project

Simon Osuji by Simon Osuji
February 28, 2024
in Creator Economy
0
Apple Cancels Its 10-Year Self-Driving Electric Car Project
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Though Apple may have intended to bring an electric vehicle to market, the iPhone maker has suddenly changed course.

On Tuesday, Apple informed the 2,000 employees working on a self-driving, electric Apple Car that it was ending the project. The secret effort, called Project Titan internally, appears to have spanned 10 years and cost Apple billions of dollars.

Many employees who worked on Titan will move to Apple’s artificial intelligence division to work on generative AI, according to an internal announcement made by Apple’s Chief Operating Officer, Jeff Williams, and a vice president in charge of the Apple Car, Kevin Lynch. Others could be impacted by layoffs, though the number of people affected isn’t yet clear.

Related: Apple Is Secretive About Product Development — But New Records Expose Its Approach to Autonomous Vehicles

Apple has remained quiet about its autonomous and electric vehicle development for a decade, though it took its EVs for many test drives last year.

From December 2022 to November 2023, Apple’s EV fleet of 67 cars drove 450,000 miles, more than triple the year before. The Washington Post reported that Apple had the biggest increase in autonomous vehicle testing between 2022 and 2023, beating out companies like Waymo, Cruise, and Mercedes Benz.

12 May 2023, USA, Sunnyvale: An Apple test car converted into a self-driving vehicle can be seen in Silicon Valley. Photo by Andrej Sokolow/picture alliance via Getty Images

Related: ‘Next Tesla’ Electric Car Startups Hit Speed Bump: ‘Investors Want To See Demand’

Other automotive companies, such as EV industry leader Tesla, have recently warned investors about cooling demand for EVs, while firms like Ford are shifting their EV strategy.

Startups that have gone all-in on all-electric, such as Rivian and Lucid, are feeling the squeeze of lower-than-expected demand; Rivian lost about $2 billion last year and cut its workforce by 10%.

Source link

Related posts

ChatGPT’s mobile app hits new milestone of $3B in consumer spending

ChatGPT’s mobile app hits new milestone of $3B in consumer spending

December 18, 2025
Apple opens up its App Store to competition in Japan

Apple opens up its App Store to competition in Japan

December 18, 2025
Previous Post

Egypt signs 7 green energy deals to unlock over $40bln of investments

Next Post

Cement Price Remains at N12,000 Despite Government Intervention, Importation Threat

Next Post
Cement Price Remains at N12,000 Despite Government Intervention, Importation Threat

Cement Price Remains at N12,000 Despite Government Intervention, Importation Threat

Leave a Reply Cancel reply

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

RECOMMENDED NEWS

Tesla Is Urging Drowsy Drivers to Use ‘Full Self-Driving.’ That Could Go Very Wrong

Tesla Is Urging Drowsy Drivers to Use ‘Full Self-Driving.’ That Could Go Very Wrong

3 months ago
Tesla (TSLA) 40% Fall to Continue? What Experts Are Saying

Tesla (TSLA) 40% Fall to Continue? What Experts Are Saying

9 months ago
US military needs to talk to China on space, cyber issues, officials say

US military needs to talk to China on space, cyber issues, officials say

12 months ago
Mozambique Probes Claims of Army Atrocities Near Total

Mozambique Probes Claims of Army Atrocities Near Total

6 months 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
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

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

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form
© 2023 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
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
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.