Apple buys autonomous driving company Drive.ai

Details: The deal comes after Drive.ai talked with multiple potential acquirers, but in the end Apple won out. Apple also purchased Drive.ai’s autonomous cars and other assets, sources tell Axios. Apple was expected to pay less than the $77 million Drive.ai raised in venture capital, to say nothing of the $200 million it was valued at two years ago, after its Series B round, Axios’ Dan Primack reported recently.

Source: www.axios.com