It’s no secret that Apple (AAPL) is pushing forward with its plans to develop a self-driving car, seemingly as a way to revolutionize its product-development strategy. It has been reported that Apple is working to develop the technology required to make a self-driving car a reality.

In order to achieve this, the company is believed to be focusing on training its AI algorithms with data collected from test-driving roads in the real world. This data will help the AI algorithms to be better prepared for real-world scenarios.

Additionally, Apple is said to be using its own self-driving technology and building its own cars, combining the two phases of Project Titan into one. There is a chance that Apple will reduce the scope of its efforts to create an autonomous driving system that would be integrated with a third-party vehicle, although this is yet to be confirmed.

Apple aims to create a self-driving car to gain a competitive edge in the automotive industry. The company is said to be relying on lidar and radar sensors, rather than ultrasonic sensors like Tesla, in order to achieve this.

Furthermore, Apple has the resources to be able to make this a reality, with the financial backing of its shareholders and the expertise of its engineers. It is clear that the company is investing heavily in the development of a self-driving car, which could be a game-changer for the industry.

Apple to release it’s Apple Car in 2026

According to an insider, self driving will not be available on the launch of the Apple car, however, the insider noted that “[it] could be available 3 to 5 years after the car’s launch,” this is also great news as it would beat or be on par with Tesla in achieving their semi-autonomous¬†driving system. In addition to launching the car, it will be running on Apple’s custom Silicon chip — a powerhouse rivaling the Mac’s chip performance by over four times.

READ MORE -  Terra Classic price prediction as LUNC plans Bitcoin BRC-20 support
Avatar photo
Dennis is a business and financial writer, who had spent almost his entire life independently reporting on different business ventures with major impact on the US and global economy. Dennis places a special focus on examining tech stocks, biotech stocks all while investing a great part of his early hours to researching and writing on the companies in the US markets. Dennis has 15+ years of experience in financial markets.