"Apple Abandons Electric Car Project, Shifts Focus to AI and Headset Development"

Apple has reportedly ended its electric car project after a decade, redirecting resources to its AI division, a move welcomed by markets. The project, known as Project Titan, initially aimed for a self-driving vehicle but faced setbacks and was scaled down to focus on advanced driver-assistance features. This decision reflects a broader trend in the industry, with leading automakers reevaluating their electric vehicle investments amidst a sluggish global economy and shifting focus to hybrids.