The Apache Hive ACID project aims to enhance data management by allowing insert, update, and delete operations on Hive tables while supporting long-running analytics queries concurrently with updates. It introduces a mechanism for handling transactions with atomicity, consistency, isolation, and durability, alongside a streaming ingest API for real-time data writing. Recent developments focus on performance improvements, usability enhancements, and future directions include support for automatic bucketing and multi-statement transactions.