Apple’s $10 Billion Apple Car Project Fails After a Decade

Ikenna ChurchillFebruary 29, 20241 Mins read960

Apple’s ambitious venture into the automotive industry, known internally as Project Titan, has come to a costly and disappointing end after more than a decade of investment. According to a report from The New York Times, Apple poured over $10 billion into the project, which aimed to develop an electric vehicle with self-driving capabilities.

Despite initial enthusiasm and support from Apple CEO Tim Cook, the project encountered numerous hurdles along the way. From the outset, some employees harboured doubts about its feasibility, dubbing it “the Titanic disaster.” Challenges ranged from technical complexities to fierce competition and uncertain market viability.

While Apple explored the possibility of acquiring Tesla, discussions with Elon Musk did not materialize into a deal. Instead, Apple opted to pursue its own car, convinced that integration with Tesla would be impractical.

Throughout its tumultuous journey, Project Titan faced leadership changes and strategic shifts, with four different leads and multiple revisions to its scope. Ultimately, the lack of progress in developing the necessary software and algorithms for autonomous driving proved insurmountable.

In the wake of Project Titan’s demise, Apple plans to reassign its workforce of over 2,000 employees. Some will join other teams focusing on AI and emerging technologies, while others face layoffs. Despite the setback, Apple intends to leverage its learnings from the car project to enhance other products, such as AI-powered AirPods, robotic assistants, and augmented reality devices.

For a comprehensive account of the Apple Car’s downfall and the technologies it spawned, refer to The New York Times report.