TELETRADER News
6/26, 6:47 AM (Source: TeleTrader)
more TeleTrader news

Apple-0.46%

203.35
Chart for: Apple Inc.

Apple buys startup Drive.ai - reports

Apple Inc. reportedly acquired struggling self-driving startup Drive.ai. The purchase price is so far unknown.

Media reported earlier that Apple was in talks to buy a startup founded by machine learning researches from Stanford University which was once valued at $200 million.

The company that had been running a ride-hailing service in Texas recently filed a notice with the state of California where it is based that it plans to close its business and fire 90 workers.

Breaking the News / KP