Connect with us

Business

Apple’s self-driving car is just a few years from reality, report says

Published

on

Apple's self-driving car is just a few years from reality, report says


Apple plans to build a self-driving car for consumers and is targeting 2024 to produce the vehicle, Reuters reported on Monday.

The company is developing its own battery technology that could reduce the cost of power packs and extend the vehicle’s range, Reuters said, citing unidentified people familiar with the matter. An Apple spokesman declined to comment.

Apple is tapping outside partners for elements of the system, including lidar sensors that provide autonomous cars with a real-time, 3-D view of the world, Reuters added. Apple is also developing its own lidar technology.

There’s still a chance Apple will decide to reduce the scope of its efforts to an autonomous driving system that would be integrated with a car made by a traditional automaker, Reuters reported, noting that it’s unclear which manufacturer would build it for Apple.

Apple has been working on driverless car technology since 2014, but pared back its ambitions from a full-fledged vehicle in 2017, Bloomberg News has reported. Since then, Apple has been working on the underlying autonomous system. The company has been deciding whether to attach this system to its own car, or existing vehicles, or to partner with an established carmaker, Bloomberg News reported earlier this month.

More must-read tech coverage from Fortune:

  • How hackers could undermine a successful vaccine rollout
  • Why investors jumped on board the SPAC “gravy train”
  • GitHub CEO: We’re nuking all tracking “cookies” and you should too
  • Innovation just isn’t happening over Zoom
  • Upstart CEO talks major IPO ‘pop,’ A.I. racial bias, and Google

Business

These fast-growing Sun Belt cities suffer from high inflation

Published

on

These fast-growing Sun Belt cities suffer from high inflation


U.S. migration hotspots tend to have the highest inflation | Fortune



Continue Reading

Business

The U.S. is seizing a $325 million helipad-equipped megayacht in Fiji. The question is which Russian oligarch it belongs to

Published

on





Oligarch sanctions: U.S. seizing $325 million megayacht in Fiji. The question is which Russian billionaire it belongs to | Fortune



Continue Reading

Business

Investors bank on today’s ‘once-in-a-generation’ Fed hike to be one of several

Published

on

Investors bank on today's 'once-in-a-generation' Fed hike to be one of several


Fed rate hike: decision day rattles markets as investors worry that a giant ‘once-in-a-generation’ hike will be one of several this year | Fortune



Continue Reading

Copyright © 2021 Vitamin Patches Online.