Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Apple Ends Electric Car Dream, Focuses on AI and AR
Share
Font ResizerAa
BlockcruxBlockcrux
Search
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Apple Ends Electric Car Dream, Focuses on AI and AR
Share
Follow US

Home - Apple Ends Electric Car Dream, Focuses on AI and AR

AINews

Apple Ends Electric Car Dream, Focuses on AI and AR

Toby
By Toby November 9, 2024 239 Views
Share
Apple Ends Electric Car Dream, Focuses on AI and AR
Apple Ends Electric Car Dream, Focuses on AI and AR
SHARE

After years of speculation and development, Apple has quietly shelved its electric vehicle (EV) project. Bloomberg’s Mark Gurman reports the tech giant is now focusing on artificial intelligence (AI) and augmented reality (AR). This move comes after a series of setbacks in the EV venture, called Project Titan, which started in 2014.

Contents
Shift in Focus: AI and AR TechnologiesA New Direction for Apple

Despite assembling a team of experts across software, batteries, and automotive engineering, the project faced significant hurdles. Challenges ranged from maintaining Apple’s high-quality standards to failed negotiations with leading carmakers like VW and BMW over data control.

Shift in Focus: AI and AR Technologies

Earlier this week, Jeff Williams, Apple’s Chief Operating Officer, and Kevin Lynch, who led the EV project, broke the news to about 2000 staff members. They’re expected to shift to AI projects and Apple’s new headset business. This strategic pivot underscores Apple’s commitment to AI and AR, areas poised for growth.

The journey of Apple’s car project has been anything but smooth. Initially inspired by the success of Tesla’s Model S, Apple toyed with the idea of an “iCar” in 2008. It took until 2014 for the project to officially kick off. Despite high hopes and a dedicated team, progress was intermittent. CEO Tim Cook paused the project in 2019, only for it to resume in 2020 with renewed effort and investment. However, continuing delays pushed the potential launch from 2026 to 2028.

Throughout its development, Apple sought partnerships with Hyundai, Volkswagen, and others to leverage their manufacturing expertise. While there were talks of utilizing Hyundai’s E-GMP platform, agreements fell through. Recent updates suggested a shift towards a more traditional vehicle design, moving away from initial innovative aspirations.

A New Direction for Apple

Apple’s decision to cancel the EV project marks a significant redirection of the company’s focus towards AI and AR. This move may disappoint some fans eagerly awaiting an Apple-branded car. Yet, it opens new avenues for Apple in emerging tech sectors. With its resources now redirected, the future of AI and AR at Apple looks promising.

TAGGED:AIAppleAR
Share This Article
Facebook Twitter Email Print

PRESS RELEASE

Solana Price Prediction: Top Analyst Predicts Bull Run, But WallitIQ (WLTQ) Will Lead Ahead Of SOL With 8,000% Rally

Solana Price Prediction: Top Analyst Predicts Bull Run, But WallitIQ (WLTQ) Will Lead Ahead Of SOL With 8,000% Rally

Chappyz Announces Token Listing on Tier-1 Exchanges After Raising Over $1M During IDO
CoinEx Takes the Center Stage as the Official Title Sponsor for BlockTalks Event in Bengaluru
COLOSSUS DIGITAL ENHANCES RAW SIGNING SECURITY WITH NEW FEATURES
Don’t Wait! 5 Coins Poised to Skyrocket – Find the Next Crypto to Explode Now

LATEST NEWS

Long-Term Bitcoin Holders Shed 177,617 BTC Amid Price Correction

Toby Toby November 5, 2024
Ripple Executives Set Availability for Upcoming Trial in SEC Case
CyberLogitec’s SmartLink Revolutionizes Data Integration Services
The Best Work-From-Home Tech and Tips for Office Workers
Brand New Cryptocurrency COV19 Is Helping The World To Fight Its Financial Crisis Amid The Coronavirus Pandemic
Blockcrux Logo blockcrux logo

About Blockcrux

Blockcrux is a web3 news publisher dedicated to delivering the latest, most accurate insights into blockchain and decentralized technologies. Covering everything from cryptocurrencies to NFTs and DeFi, it offers uncensored, real-time news, embodying the transparency and democracy inherent in the web3 ecosystem.

News

  • Blockchain
  • Crypto
  • Web3
  • AI

Help

  • Contact
  • Advertising
  • Submit Press Release
  • Privacy Policy

© Blockcrux News Network. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Last Updated on November 9, 2024 by Toby