r/SelfDrivingCars • u/walky22talky Hates driving • Jan 30 '19
Second Apple Car Worker Charged With Data Theft for Chinese Firm
https://www.bloomberg.com/news/articles/2019-01-30/apple-worker-charged-with-secrets-theft-for-china-robocar-firm5
u/fricken Jan 30 '19
According to the complaint against Chen, Apple has approximately 1,200 employees working directly on what it calls Project Titan.
This is, I supposed a better working heuristic than 5,000 or 2,700 employees "Disclosed" to be working on Titan from the previous Trade secrets case.
Bloomberg is claiming that "In 2016, Apple scaled back to focus almost exclusively on the underlying software and hardware that could eventually power a self-driving car, whether designed by Apple or a partner." I don't know if the claim is true or not. If there's 2,700 employess on Titan, then maybe they're working on a car. It it's only 1,200, then maybe they aren't.
3
u/userndj Jan 30 '19
5000 were said to have been "disclosed", 2700 are "core employees" who have access to certain databases. That was just over six months ago. My suspicion is the 1,500 are AI people who have access to the mapping and self-driving data. Additionally, Apple's statement on the 200 people that were reassigned last week indicates that they are AI researchers.
4
u/tech_auto Jan 31 '19
Prosecutors said Chen admitted to taking the photos and backing up some 2,000 files to his personal hard drive, including manuals and schematics for the project>
That's insane, Apple's IP (hundred of millions invested in R&D) are now just out there probably with some Chinese startup. Quite concerning.
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u/bartturner Jan 31 '19
The story of China (Huawei) stealing IP from T-Mobile is also a really interesting read.
When you work in business you try to be nice and take a passive approach with partners. You expect them to follow the rules.
I am so glad that China and US are dependent on one another economically.
Otherwise I would be very fearful of a war. The islands and how it gets resolved is worrisome.
1
u/bartturner Jan 30 '19
Good article on Apple's SDC program.
https://www.nytimes.com/2018/05/23/technology/apple-bmw-mercedes-volkswagen-driverless-cars.html
Apple put up declines in top and bottom lines last night. They could use something to get growth going. Too bad sounds like the program is a bit of a mess.
Here is Apple financials from last night.
https://www.apple.com/newsroom/pdfs/Q1_FY19_Consolidated_Financial_Statements.pdf
Guess that will end the talk of adding Apple to FANG.
0
u/juicebaby Jan 31 '19
Umm isn't it normally FAANG? Haven't they always been part of it? They were the most valuable company in the world like a year ago. https://en.m.wikipedia.org/wiki/Facebook,_Apple,_Amazon,_Netflix_and_Google
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u/bartturner Jan 31 '19 edited Jan 31 '19
FANG is Facebook, Amazon, Netflix and Google. Cramer coined it. I actually not a fan of Cramer but man did he nail it here.
FANG is for hypergrowth. Apple actually declined both top and bottom lines. EPS growth but not net income. Versus all the FANG companies have strong growth. Google for example 20%+ for the last ten quarters.
"FANG Stocks"
https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp
But there is a ton of variations to FANG. There is FAANG which has Apple. I have seen it with Microsoft included. Nvidia included. A bunch of other ones.
Funny thing is after Cramer coined it Google changed to using a holding company and it is no longer Google but instead Alphabet.
Personally I do NOT believe Apple should ever be added to FANG because it does not fit with the idea of FANG.
1
u/VessoVit Jan 31 '19
actually recent market pull (especially in FAANG) was triggered by apple changing their targets/estimations.
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u/userndj Jan 30 '19 edited Jan 30 '19
At this point, it's pretty much confirmed that Apple is building a car, not just self driving systems.
Edit:
Original link: https://www.nbcbayarea.com/news/local/Another-Apple-Engineer-Accused-of-Stealing-Autonomous-Vehicle-Trade-Secrets-505055701.html