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Mar 4, 2015

Why Silicon Valley Is Eager to Take on Detroit

Posted by in category: business

By — Singularityhub
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We tend to think of cars as a mature technology. They’re good enough to be boring. But something weird is happening. Silicon Valley is eyeing the car business. First it was Tesla, Google—even Uber. Now, it’s Apple.

According to Bloomberg, Apple has a team of 200 secretly working on a car. They’ve evidently been luring talent away from Tesla with lucrative bonuses and comp. And battery-maker A123 Systems filed a lawsuit against Apple for poaching its employees. The rumor? Apple’s aiming to develop an electric car by 2020.

It sounds bizarre—but it might not be that crazy.
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