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Tim Cook confirms Apple is working on self-driving cars

Marcio Jose Sanchez / AP

Apple CEO Tim Cook has, for the first time, confirmed the company's plans for developing self-driving cars.

"We're focusing on autonomous systems," Cook told Bloomberg Television on June 5. "We sort of see it as the mother of all AI [artificial intelligence] projects."

Why this matters: Although Apple has been rumored to be working on some sort of self-driving car technology for the past few years, the Bloomberg interview marks the first time Cook has discussed the specifics of Apple's autonomous vehicle plans. Last week, Cook hinted that Apple may have AI news coming soon when he told MIT Technology Review the company shouldn't be discounted as being on the cutting edge of AI technology just because they "don't wan't to talk about" their plans.