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Apple cancels decade-long electric car project, shifting focus to AI. The move marks the end of a plan that aimed to diversify Apple’s portfolio and potentially replicate the success of the iPhone.
However, with global automakers scaling back investments in electric vehicles, Apple has decided to reallocate resources, with some employees moving to its artificial intelligence division.
The decision reflects Apple’s cautious approach to AI compared to industry leaders like Alphabet and Microsoft.
While concerns persist about Apple falling behind in integrating AI into its products, the company’s pivot underscores its dedication to strategic reevaluation and focus on areas of strength.
Source: Reuters
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