As noted by Apple Insider, Apple's latest patent of a basic collision avoidance system could "serve as the underpinnings of a self-driving car telemetry solution."
The Patent In Focus
Significance Of Patent
Apple's patent is titled "Collision Avoidance Of Arbitrary Polygonal Obstacles." Simply put, the patent covers a system of machine learning technologies that is capable of avoiding collisions and can navigate in an environment without prior knowledge of said environment. Apple's technology is able to update a vehicle's view of its environment as often as 60 times a second and can detect multiple obstacles.
Although the company recently announced it is scaling back its ambitions in the autonomous driving space, the latest patent signals this may not necessarily be the case.
Cult of Mac suggested that Apple's secretive car project has now become more transparent and open than ever before. The blog further added that the patent could be seen as another public acknowledgement that the company is indeed "very much" in the autonomous driving space.
Shares of Apple were trading higher by more than 1 percent on Friday, and the stock's outperformance relative to the broader indices appears to signal that investors are optimistic on the company's future in the autonomous driving space.
At last check, Apple shares were up 1.9 percent on the day at $114.25.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.