Apple CEO Tim Cook recently provide some insight into its Project Titan initiative, the clearest indication yet that everybody is not deluded in thinking that an Apple Car might be in the works. Apple Pay has also seen a huge spike in subscription numbers, increasing by 500 percent during the last quarter.
Cook spoke at an earnings call, where he mentioned something about how technology affects the future of the automotive industry, The Verge reports. As usual, however, the tightlipped CEO offered nothing else that can be interpreted as concrete details.
"I can’t speak about rumors," Cook said when asked about Apple’s plans for the auto industry. "But as you know, we look for ways we can improve the customer’s experience on different sets of products. We’re always looking at new things and the car space in general is an area where it’s clear there’s a lot of technologies that will either become available or will be able to revolutionize the car experience."
Cook also made it a point to say that they have nothing to announce at the time. This is being taken as a hint that Apple is going to announce something soon.
On to more definitive details, Fortune reports that Apple Pay volume has gone up by a lot for Q4. The payment service has been adding about 1 million users on a weekly basis, which puts it in a much better place compared to the same time last year.
The expansive growth is largely being attributed to the service going international several months ago, which significantly increased its user base. Apple Pay is now available in the UK, Canada, Australia, China, Singapore, France, and Hong Kong. Last month, the service also added Japan and Russia on the list, which likely contributed to the boost in subscription for Q4.


ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone?
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook
Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership
Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral
SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors
Intel Stock Slips After Earnings Rally Despite Strong AI-Driven Revenue Growth
OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners
Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch
IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness
AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock




