Apple announced yesterday they are halting plans for E-V production and focusing more on artificial intelligence. Apple CEO Tim Cook confirmed the news that the company would be investing more in A.I. as the craze is consuming the industry.

At an annual shareholder meeting, Cook said that Apple sees "incredible breakthrough potential for generative A.I., which is why we're currently investing significantly in this area".

He went on to say "we believe it will unlock transformative opportunities for our users when it comes to productivity, problem-solving and more".