After a decade, the iPhone manufacturing company Apple has stopped their electric car project, source says.
According to the news report, Apple shifted their several employees into the artificial intelligence (Ai) project.
“If it is true, Apple will put more focus on GenAI and that should give investors more optimism about the company’s efforts and ability to compete at a platform level on AI,” said Ben Bajarin, chief executive of consulting firm Creative Strategies.
Apple has understood their guilt and made a decision on Ai for future technology similar to Microsoft and Alphabet. The company cut down the number of employees and shifted to the Apple Ai system which is called GenAi.
For a decade , Apple has been working on hybrid electric cars like self -driving electric cars. Tesla is one of the big players in the market. But this plan failed and Apple stopped this plan.
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A report was flashing on a news portal that the Apple car may launch in 2024-25. But after COVID 19 the work was delayed and now it was postponed. Only 190 workers are working on electric cars so far.