Coinspeaker Apple Purchases a Self-Driving Car Start Up Drive.ai: A Rival To Uber?
On Wednesday, Apple shared its purchase details with Axios and The Verge about the confirmation of purchasing Drive.ai. The rival start up once raised $77 million on its funding round in 2015. Additionally, the company once was worth $200 million, but apparently, in the last year, it has struggled and was on the path of permanent closure. Even more so, last week, the company filed lay off notices with the state Employment Development Department, to lay off 90 employees.