Car

Chinese ride-hailing service Didi to receive $5B in funding for automated driving expansion

Chinese ride-hailing giant Didi Chuxing is near an agreement to raise $5 billion to $6 billion for automated driving expansion, Bloomberg reported Wednesday. The financing round will lift Didi’s valuation to a cool $50 billion, up from a previous $34 billion after its acquisition of Uber’s China business. It would make the Beijing-based company the country's top startup by market valuation, even surpassing handset maker Xiaomi, and the most valuable startup in the world after Uber.

Apple hires former NASA veterans for augmented reality and self-driving software testing

Apple has hired several expets from the National Aeronautics and Space Administration (NASA), including three engineers who worked at the space organization's Jet Propulsion Laboratory. They, along with other engineers, have been tasked with working on Apple's rumored augmented reality projects and self-driving software initiatives.

According to the latest articles from Bloomberg, Dow Jones Newswire and Business Insider, a rare bureaucratic mistake has revealed Apple’s secret team of NASA veterans and experts holding PhDs in robotics and other related fields. They were apparently recruited for Project Titan, Apple's self-driving car project, and augmented reality, another not-so-secret Apple initiative.

Apple receives permit to test self-driving cars in California

Apple was added to the list of 29 other companies, including Tesla, Google, Ford and Mercedes, that are testing or planning to test self-driving vehicles in the state of California, according to the California Department of Motor Vehicles's (DMV) website Friday.

The permit allows Apple to test vehicles in autonomous mode on public roads.

It's unclear if Apple sought to obtain a permit because it wanted to test-drive its own autonomous vehicles or if the company was simply looking to experiment with the rumored autonomous driving features in a future CarPlay version.

Where the Apple Car is going

Neil Cybart wrote a detailed analysis of Apple's seemingly scaled back ambitions for the Apple Car. From building an electric car to now building software for autonomous driving, Cybart looks into why Apple might have changed course.

KGI: Apple’s AR tech could end up in autonomous driving system

KGI Securities' Ming-Chi Kuo issued a new research note to investors on Wednesday regarding his vision for Apple's augmented reality efforts. In the letter, the noted analyst says that we likely won't see these efforts for 1-2 years, but when we do they will redefine Apple's current products and open up new categories.

Bloomberg: Apple gives up building a car, for now

Project Titan, Apple's ambitious initiative to build an electric vehicle by 2020-2021 reportedly fell apart amid management crisis, supply chain issues and departures, prompting the company's leadership to shift gears and focus on autonomous self-driving software, for now.

Bloomberg's Mark Gurman reported Monday that Apple will decide fate of self-driving software by late 2017 as the new direction no longer includes building its own car.

Apple shutters parts of its car project as it rethinks strategy

Apple is rethinking what it plans to do about self-driving cars, reports The New York Times. Citing sources familiar with the project, the outlet said on Friday that the company has shuttered parts of its self-driving car project and laid off dozens of employees.

These moves are the latest signs of trouble involving Apple's oft-rumored initiative, codenamed Project Titan. In July it was reported that the team, under new leader Bob Mansfield, had shifted its focus from building a vehicle to an autonomous driving system.

Small Korean firm rumored to co-develop advanced hollow batteries for Project Titan

Apple's rumored electric (autonomous?) vehicle, internally referred to as Project Titan, should use custom-designed batteries developed by engineers that Apple poached from A123 Systems, the makers of advanced batteries. According to a new report Tuesday, Apple has now tapped scientists and engineers from a small, unnamed South Korean firm to help co-develop hollow battery packs for Project Titan.

Bloomberg: Apple’s Project Titan prioritizes autonomous driving amid new hirings

Apple's rumored electric vehicle project has shifted its focus towards autonomous driving systems although that shouldn't be interpreted as Apple abandoning efforts to design its own vehicle, Bloomberg reported today.

After bringing former hardware chief Bob Mansfield back from retirement to run its Project Titan initiative, Apple has now hired BlackBerry and Ford talent to help perfect its secret self-driving software.