Apple's CEO okays self-driving car project

Prior to the confirmation, there have been side talks on whether Apple wants to start manufacturing self-driving cars but the confirmation has been obtained.

According to the Apple's chief executive officer, Tim Cook, Apple is developing a self-driving car system. But he indicated that it is too soon to say whether it would license the tech to other carmakers or try to build its own vehicles during his interview with Bloomberg news.

"We're focusing on autonomous systems and clearly one purpose of autonomous systems is self-driving cars - there are others," Mr Cook told Bloomberg.

"And we sort of see it as the the mother of all AI [artificial intelligence] projects.
"It's probably one of the most difficult AI projects to work on.

"We'll see where it takes us. We're not saying from a product point of view where it will take us, but we are being straightforward that it's a core technology that we view as very important."

He added that the rise of AI, electric vehicles and ride-sharing presented an opportunity.

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