Apple Buys Self-Driving Shuttle Startup Drive AI
【Summary】Computer giant Apple Inc on Tuesday confirmed that it has acquired Silicon Valley-based self-driving shuttle firm Drive.ai.
(Reuters) - Computer giant Apple Inc on Tuesday confirmed that it has acquired Silicon Valley-based self-driving shuttle firm Drive.ai.
Technology news website The Information reported earlier this month that the iPhone maker was considering acquiring the firm as a move to bring aboard some of its engineering talent to boost Apple's own self-driving efforts.
One of hundreds of startups pursuing autonomous vehicles, Drive.ai had been running a small fleet of self-driving test shuttles in Texas, The Information reported. But the startup told California regulators that it plans to lay off 90 people in a permanent closure. The San Francisco Chronicle earlier reported the closure.
In Silicon Valley, it is common for larger companies to acquire struggling startups primarily to hire their engineers, a move known in the industry as an "acqui-hire."
Apple is vying against rivals such as Alphabet Inc's Waymo to develop self-driving vehicles. In the past year, Apple has revamped its efforts, bringing former Tesla Inc engineering chief Doug Field to oversee the operation, which includes more than 5,000 workers.
Apple is also working on key components such as sensors in addition to holding talks with potential suppliers.
resource from: Reuters
EV Startup Faraday Future Moves its Headquarters to China
Lucid’s New ‘Stealth Look’ Appearance Package for the Electric Air Sedan Compliments its High Performance DNA
Toyota’s Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
Toyota to Collaborate With Texas-based Utility Provider Oncor to Accelerate a Vehicle-to-Grid EV Charging Ecosystem
Stellantis to Idle its Illinois Assembly Plant Indefinitely, Citing the High Costs of Electric Vehicles
Apple Delays its Long Rumored Electric ‘Apple Car’ Until 2026, According to Sources
The World’s First Level-4 Automated Parking Feature Developed by Mercedes-Benz and Bosch is Approved for Commercial Use
Hyundai Motor Group Signs MoU with SK On Co. to Secure Batteries for EVs Built in the U.S.
- LG Chem is Investing $3.2 Billion to Build a Cathode Manufacturing Facility for Electric Vehicle Batteries in Tennessee
- Volvo Offers a Sneak Peak of its New Flagship EX90 Electric SUV Ahead of its Upcoming Reveal on Nov 9
- China’s Geely Launches the First of 9 Low Earth Orbit Satellites That Will Help Guide its Autonomous Cars
- Mercedes-Benz Begins Production of the Highly Anticipated EQS Electric SUV in Alabama
- The Tesla Model Y and Model 3 Take the 1st and 2nd Place Spots in the Annual Cars.com ‘American-Made Index’
- California DMV Accuses Tesla of Making False Claims About its Driver-Assist Systems
- Panasonic Announces Multi-Year Agreement to Supply Electric Vehicle Batteries to Lucid Group
- Mercedes-Benz is Offering a Performance Upgrade as a Yearly Subscription on its EQ Electric Vehicles
- Tesla Challenger NIO Inc Reports its Highest-Ever Monthly Sales in June
- BMW Expands i4 Lineup With the Affordable eDrive35