Apple cuts 200 staff from Project Titan AV programme
Tech giant Apple has cut 200 staff from its autonomous vehicle (AV) programme, Project Titan, according to US media reports.
Apple is said to describe the changes to Project Titan as a restructuring move.
CNBC quotes a company spokesperson as insisting: “We continue to believe there is a huge opportunity with autonomous systems, that Apple has unique capabilities to contribute, and that this is the most ambitious machine learning project ever.”
The Apple representative continues: “We have an incre
January 24, 2019
Read time: 1 min
Tech giant 493 Apple has cut 200 staff from its autonomous vehicle (AV) programme, Project Titan, according to US media reports.
Apple is said to describe the changes to Project Titan as a restructuring move.
%$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external CNBCfalsehttps://www.cnbc.com/2019/01/24/apple-lays-off-over-200-from-project-titan-autonomous-vehicle-group.htmlfalsefalse%> quotes a company spokesperson as insisting: “We continue to believe there is a huge opportunity with autonomous systems, that Apple has unique capabilities to contribute, and that this is the most ambitious machine learning project ever.”
The Apple representative continues: “We have an incredibly talented team working on autonomous systems and associated technologies at Apple. As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple.”
Vietnamese firm FastGo has launched its ride-hailing, delivery and catering services in Myanmar as part of a strategy to grow its business in 2019.
A report by The Saigon Times says the company intends to attract two million users and 100,000 driver-partners this year in Myanmar’s major cities and provinces.
In the coming years, FastGo is expected to form partnerships in Myanmar and Vietnam to help make its services and products more popular.
In October 2018, FastGo announced its plans to enter Myanmar
French car manufacturer Groupe PSA says its ‘free-floating’ car-share service provides members in Washington, DC with access to 600 vehicles.
The Free2Move service is available to drivers for a $10 membership fee and does not include late fees, per trip fees or insurance charges, the company adds.
Members can use the Free2Move app to locate, book and open/lock the vehicles.
This pilot coincides with Maven’s announcement to expand its peer-to-peer car-share service in Washington, DC – and other US
Private ride-hailing giant Uber, which is aiming to follow rival Lyft in becoming a public company this year, has warned that it may never be profitable.
The candid admission comes in a filing to the US Securities and Exchange Commission (SEC) as Uber prepares for an initial public offering (IPO) which it reportedly hopes will value the company at $100 billion.
This potential IPO figure is some way below the $120bn predicted by analysts just last year.
And Uber warns: “We have incurred significant loss
The UK government has unveiled plans under its Future of Mobility Grand Challenge which could change how people, goods and services move around the country. These initiatives have been outlined in the Last Mile and Future of mobility call for evidence, which provide an insight into how technology could make transport safer, more accessible and greener. Under the plans, electric cargo bikes, vans, quadricycles and micro vehicles could replace vans in UK cities as part of a strategy to change last-mile