MOL Gets More Time to Negotiate Acquisition of Russian-Owned Stake in Serbia’s NIS 
Alaska Air Group Eyes Return of Financial Guidance as Fuel Market Volatility Eases 
Meta Challenges Australia’s Proposed Tech Tax, Citing U.S. Trade Agreement Concerns 
oOh!media Takeover Battle Intensifies as Bain Capital Joins Competing Bids 
Italy’s ITA Airways Weighs Legal Action Against Pratt & Whitney Over Grounded Airbus Fleet 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
Qualcomm Stock Gains After Jensen Huang Endorsement 
SpaceX Sets IPO Price at $135 Per Share Ahead of Historic Nasdaq Debut 
Hyundai, Nvidia, and South Korea Near Deal for Major AI Technology Center 
Meta Delays Release of New AI Model as API Rollout Remains Uncertain 
SpaceX IPO Demand Surges Past $250 Billion Ahead of Historic Market Debut 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy 
Apple Inc. is reportedly entering the AI home robot business after discarding its electric vehicle ambitions. The iPhone maker has reportedly shifted its focus to AI-powered robotics for homes.
According to CNBC, Apple has started research and other work on developing home robots. The news first came out on Wednesday, April 3, almost two months after the tech company ditched its EV project.
Apple’s Rumored New Venture
The Cupertino, California-headquartered firm is shifting to robots powered by artificial intelligence. The target is to create devices specially made for personal use in homes.
According to the reports, Apple wants to produce robots that can follow homeowners around their houses. Sources familiar with the research team also shared that another item is a tabletop tool or appliance that uses robotics to adjust a display screen.
Moreover, the insiders said that the team working on Apple’s new robotics venture is comprised of experts from the company’s hardware engineering unit and AI & machine learning team. They are managing the work on personal robotics, which is still in the early development phase.
Aiming to Introduce New Products
Engadget reported that since Apple gave up its electric vehicle efforts, it is searching for its next revolutionary product to help the brand stay dominant in the market. The company’s other goal is to find new sources of profits since its EV push failed to take off.
Meanwhile, Apple disbanded its team of experts working on electric vehicles. The company named this team the Special Projects Group, and it was a secret program that first surfaced in 2014 as the company needed to hire automotive engineers and other roles required for EV development.
Photo by: Lycurgus Tyspac/Unsplash
