Apple CEO Tim Cook has confirmed that Apple is developing self-driving technology.

In a Bloomberg interview  he said: “We’re focusing on autonomous systems … It’s a core technology that we view as very important.”

Cook explained: “We sort of see it as the mother of all AI projects, it’s probably one of the most difficult AI projects to work on. And so autonomy is something that is incredibly exciting for us. But we’ll see where it takes us, we are not really saying from a product point of view what will we do, but we are being straightforward that it’s a core technology that we view as very important.”

This new industry is seen to be as very appealing, especially as it was predicted that it will be worth $US7 billion by 2050 and $US800 billion by 2035. A total 43% of total revenues are expected to come from business use of self-driving cars such as in transportation, freight delivery and sales and service fleets. 

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