Apart from the chip making business there are reports of Apple racing in the league of self-driving autonomous technology. The company had also introduced its own self-driving vehicle called Titan, which is still a work in progress project.
On Wednesday, Axios reported that Apple acquired Drive.ai, an autonomous driving startup valued at $200 million. Drive.ai was on the verge of shutting down and was laying off all its staff. This news indicates that Apple is interested in tasting the waters of the self-driving autonomous technology and this move might help in speeding up the Titan project.
Drive.ai was in search of a buyer since February this year and had also communicated with many potential acquirers before getting the deal cracked by Apple. The company also purchased Drive.ai's autonomous cars and other assets. The amount for which Apple has acquired Drive.ai is yet not disclosed, but as per a recent report, Apple was expected to pay an amount lesser than the $77 million invested by venture capitalists.
The company has also hired engineers and managers from Waymo and Tesla. Apple has recruited around five software engineers from Drive.ai as per a report from the San Francisco Chronicle. It seems Apple is mostly hiring people that are into engineering and product design.
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