Hyundai pumps brakes on Apple Car, Tesla bets big on Bitcoin
Hyundai pumps brakes on Apple Car, Tesla bets big on Bitcoin
1:18

Hyundai pumps brakes on Apple Car, Tesla bets big on Bitcoin

Tech Industry
This is CNET. And here are the stories that matter right now. Hyundai said it is no longer in talks with Apple regarding the development of a future autonomous vehicle. Hyundai said that it had received requests to co develop autonomous electric vehicles from multiple companies. These talks were in the early stages and nothing was finalized. Hyundai explicitly mentioned Apple saying it is not in talks with Apple on development of an autonomous vehicle. Hyundai's affiliates KIA made a similar statement separately. In a filing with the SEC Tesla revealed that it has purchased 1.5 billion US dollars worth of Bitcoin. The company says it made this move for more flexibility to further diversify and maximize on its cash. That's not all Tesla will also begin accepting BitCoin as payment for its product. A new report by Bloomberg says that Twitter is working on building a subscription products This would be a way for the company to have a new revenue stream outside of advertising, so what kinds of things could change at Twitter? According to analysts, it could range from an ad free experience to exclusive content. [MUSIC] Stay up to date with the latest by visiting cnet.com.

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