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“ Apple (AAPL) has reportedly canceled work on its electric vehicle initiative - Project Titan - and shifted some of the employees to work on generative artificial intelligence. It comes amid rising costs and competition that has worried many automakers, as detailed in Wall Street Breakfast: Winning The Race. Apple had spent billions of dollars on Project Titan, something that CEO Tim Cook once called "the Mother of all AI projects." The iCar was initially rumored to be fully autonomous, but eventually downshifted dramatically to Level 2+ from Level 4, which SA analyst Arne Verheyde said was a massive setback given the "already highly saturated market." I wonder how Buffett feels about this?
