In January, Apple eliminated 200 employees from its Titan Project, which was considered internally as a shake-up under its new leadership.
At the time, the company’s spokesperson said, “We have an incredibly talented team working on autonomous systems and associated technologies at Apple…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.”
Drive.ai has been looking for buyers since February
Drive.ai was valued around $200 million two years ago. It is currently offering on-demand ride-hailing service in Frisco and Arlington, Texas.
In February, Drive.ai was recognized by Fast Company as one of the world’s Most Innovative Companies in Artificial Intelligence this year. At the time, it also started looking for buyers. The startup was experiencing difficulty raising additional capital to maintain its operations and remain independent.
A group of machine learning researchers from Stanford University established Drive.ai in 2015 and received $77 million funding from investors including Nvidia and New Enterprise Associates.
