Apple and partners launch first-ever $200M Restore Fund

Apple already is making an electric self driving car. They are talking about 200k vehicles that could be substituted by 50k additional electric self driving cars, that don’t seem much by 2030.

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The fact that this fund is expected to be profitable as well as restorative sounds counterproductive.

I’d like to see a significant portion dedicated to moonshots with 100x potential impact. Fund the science that government funding ignores in favour of more certain incrementalism.

while 200M might seem like a lot, and every little bit helps. Apple alone has $195.57 billion in cash on hand to spend.

These companies look at what they can spend that seems a lot for common people just so those people buy Apple products because of "status."

Considering this was them less then a year ago.

https://www.washingtonpost.com/technology/2020/12/29/lens-te...

https://www.washingtonpost.com/technology/2020/11/20/apple-u...