Apple is working on its own self-driving car technology

MarketWatch - 06/13/2017 10:02:00AM

Apple is building its own self-driving car technology, chief executive Tim Cook told Bloomberg in a recent interview.  Cook says Apple is focusing on making an autonomous car system. Cook told Bloomberg that the company is working on "autonomous systems," meaning the technology underlying a self-driving car, rather than beginning by building the car itself. Cook would not tell Bloomberg whether the company planned to ever manufacture its own car. In the self-driving car space, Apple is up against competitors including Alphabet Inc.'s ( GOOG) NVidia , and self-driving car unit WeMo, Tesla Inc. ( TSLA)