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Apple ‘acqui-hire’ self-driving startup Drive.ai

Reuters 06/25/2019

In an effort to add more autonomous vehicle expertise to its own development efforts in the area, Apple has acquired Drive.ai, a firm that recently indicated it was ramping down the company in expectation of permanent closure. Drive.ai was running a test fleet of self-driving vans in Texas. The practice of sweeping up failing startups in order to acquire their best talent is apparently common among tech firms.

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