Dan Riccio, former Senior Vice President of Hardware Engineering at Apple, is reportedly nearing retirement after over 25 years with the company. Apple's ambitious electric car project, known as Project Titan, has been canceled after consuming over $10 billion in cash. The project faced challenges with Full Self Driving technology and high autonomy levels. Apple is now redirecting efforts towards Generative AI, with many automotive employees transitioning to AI projects.
The #Apple Car and the #VisionPro headset were two highly ambitious projects from Apple, but only one eventually made it to market. Here’s why that happened. https://t.co/0J3MhdeO3k
Apple cancels its autonomous electric car project and is laying off some workers | TechCrunch https://t.co/JtUaHW8suR #IoTFail #AutonomousCars #AutonomousVehicles
Why Apple killed its electric car https://t.co/B8DduoupIA
According to @Bloomberg, @Apple is winding down its efforts relating to electric cars to focus more on #GenerativeAI. Many of the 2,000 automotive employees will now focus on generative projects, aligning with Apple's increasing prioritization of AI. https://t.co/SFn7dQsD9e
After a decade of development, Apple has cancelled its car project. See how U.S. Media are covering this story in this #NarrativeIntelligence brief, free for the next 7 days. $APPL https://t.co/0MMV5dWnpl
Apple recently shut down its car project, Project Titan. It consumed more than $10B of cash over its lifetime. The iPhone alone now generates more than 20 times that amount in revenue every year. Apple plans to redirect these efforts toward Gen AI. 1/4 https://t.co/JxDtsoYFxi
Apple's failed 'Project Titan' was a Full Self Driving gamble https://t.co/1b0F0Wx45i #Apple
$AAPL isn't going ahead with its EV after spending billions of dollars and nearly a decade on it. But, some analysts say it’s likely a good thing: “A successful and profitable company such as Apple has little to gain from building their own vehicle." https://t.co/ULNxB8Btqq
$AAPL | Apple Set Out To Make An EV Much More Than A 'Tesla Clone' And Let Slip Of 'Multibillion-Dollar Moneymaker,' Says Gurman The big mistake Apple committed with its now-failed car project is focusing on the highest-level of autonomy, says Gurman. The auto market, the… https://t.co/dTgifDYS5K
Apple exec Dan Riccio nearing retirement after 25 years https://t.co/UOiQhIdJHU #Apple
Mark Gurman on Apple's car plans: "It was about to launch the Apple Watch, which it thought would crush the Swiss watch market. Apple wanted to do the same thing for cars. With that in mind, what was the point of introducing a Tesla clone? That wouldn’t revolutionize the… https://t.co/3rGU8ZxLD4
Crash of the Titan: a short history of Apple’s doomed car project https://t.co/FfVgBxv9ds
Apple's recently-abandoned "car project" shifted gears several times over the past decade, but ultimately the challenge of FSD proved insurmountable -- and continues to elude the industry as a whole. https://t.co/6ffDIjI0Bu
The Apple car might have worked if Apple hadn’t aimed so high https://t.co/pwDn54ZWEV via @markgurman https://t.co/ThHD3LgfN7
Apple’s longtime hardware engineering chief and Vision Pro boss nears retirement. https://t.co/nLZvgiQs8p
Power On: Apple’s lofty ambitions to outdo Tesla made the Apple Car doomed from the start https://t.co/nLZvgiQs8p
Before canceling its Electric Car ambitions Apple $AAPL had looked at pricing the vehicles at $100,000 apiece - Bloomberg https://t.co/V1JjeKbwOz
A look at Apple's hubris that doomed the electric car project, spring hardware updates without a dedicated event, and Dan Riccio's retirement plans (@markgurman / Bloomberg) https://t.co/7RhRKA65gl 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hl14UFkwqv
Former Senior Vice President of Hardware Engineering Dan Riccio is said to be "nearing retirement" after over 25 years at Apple. https://t.co/SadGzHgDAJ
Veteran Apple engineering exec Dan Riccio 'nearing retirement' https://t.co/EBR9lUB3aO by @ChanceHMiller