The permit awarded by California's Department of Motor Vehicles is Apple's first for autonomous cars and allows it to test drive vehicles on public roads in the largest USA state by population; Alphabet and Tesla already hold the same permits. The Cupertino, California-based company started developing a self-driving auto to take on Google and Tesla a few years ago before it pulled back and focused on first developing underlying autonomous technology last year, Bloomberg News has reported.
Apple is on track to begin testing self-driving cars in California. She, however, added that Apple could be a "major player" in the autonomous vehicle industry.
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By reducing inheritance tax we would reverse that and this would be sufficient to pay for this. Corbyn also praised Prince Harry for speaking publicly about mental health issues.
Many companies have said the first self-driving cars will launch in 2020, but some experts believe it may take much longer due to regulatory challenges. Apple joins previously permitted companies Tesla, Google, and a bunch of automakers you have probably already guessed are on the list. "We'll know more about Apple's secretive efforts after the company files its first report". Bloomberg reported that the hiring of Mr. Dodge was part of its strategic changes within its Project Titan team to focus on a self-driving platform instead of developing a full-blown autonomous auto.
The original vision of building a whole "Apple Car" may have been diluted by the realities of actually engineering the hardware, which arguably falls well outside Apple's design expertise in consumer technology.
Apple executives have been coy about their interest in cars. Apple began to focus more on the self-driving technology previous year after re-hiring former hardware executive Bob Mansfield to lead the project.
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Not many companies have actually done tests even though they have permits, and this is evidenced by the lack of "miles driven" in their reports to the DMV. Recent rumors indicate that Apple had opted to test the prototypes in virtual reality to keep them away from the prying eyes of the media and competitors. "This is the next step in eventually allowing driverless autonomous vehicles on California roadways".
Many proponents of autonomous vehicles argue that they will actually be safer and lead to fewer accidents than cars operated by human drivers.
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SRB Corp now owns 2,038 shares of the company's stock valued at $144,000 after buying an additional 123 shares during the period. Want to see what other hedge funds are holding ESRX? The lender climbed 2.3 percent to $77.25 at 4:21 p.m.in NY .