Grab-backed autonomous driving spinout Drive.ai has been swept up by Apple, which will look to reinforce its self-driving unit with the company's assets and employees.
Drive.ai, a US-based autonomous driving software developer backed by ride hailing service Grab, is to be acquired by consumer electronics producer Apple for an undisclosed sum after weeks of speculation, The Verge reported yesterday.
The deal comes as Drive.ai prepares to shut its headquarters on June 28, according to a state regulatory document cited by TechCrunch. Apple’s interest in Drive.ai was first reported earlier this month, suggesting an acqui-hire deal that was mooted to involve the corporate taking on…
