In a recently concluded shareholder meeting, Tesla’s CEO Elon Musk boldly underscored the company’s strides in artificial intelligence (AI) and hardware innovation, asserting a preference for its in-house developed technology over alternatives from established industry players. Musk, with characteristic confidence, highlighted, “There is not a chip from Nvidia—or from any company—that we would opt for over our own for inclusion in our vehicles. Our journey from the ground up in chip design, paralleled by our foray into AI software, has positioned us at the forefront with the best real-world AI software and the most advanced AI inference chip globally.”
The remarks were part of a broader conversation during a presentation and subsequent question-and-answer session that followed the eagerly anticipated shareholder gathering. At this event, Musk’s considerable $56 billion compensation arrangement was revalidated by stockholders, a decision still pending a judicial review. Additionally, the relocation of its corporate base from Delaware to Texas was confirmed, echoing a Bloomberg report.
Capping off the event, Musk took center stage to articulate the firm’s ambitions concerning its vehicle lineup, automotive software, robotics, and AI ventures. Central to Tesla’s strategic vision is the realization of fully autonomous driving (FSD) cars, a domain where Musk claims supremacy for Tesla’s technology.
“Tesla’s internal software capabilities, including the Tesla operating system, emerge as unparalleled, not just across the auto industry but also when benchmarked against Fortune 500 companies’ internal software. This proprietary superior technology forms the backbone of our FSD vision,” Musk elaborated. He continued to assert Tesla’s dominance in AI-driven initiatives, confidently positioning Tesla above tech giants such as Google, Meta, and even OpenAI in real-world AI applications.
The dialogue also touched upon Musk’s confrontations with other tech leaders and companies, most notably his critical view of Apple’s initiative to integrate ChatGPT into its devices, which led to a brief legal tussle with OpenAI, an entity Musk co-founded in 2015.
Musk’s discourse extended to Tesla’s hardware developments, notably in chip design where the company has made significant advances. “With the evolution from our third to the fifth iteration of the AI inference chip, now aptly named AI five, we continue to elevate our hardware capabilities in line with our software advancements,” Musk detailed.
Furthermore, he spotlighted Tesla’s innovation in robotics, specifically the Optimus humanoid robots. Already operational within Tesla’s Fremont factory and offices, these robots underscore Tesla’s ambition to lead in versatile automated solutions. Musk’s bullish outlook on humanoid robotics anticipates a market capitalization potential vastly surpassing that of autonomous transport, estimating it at $25 trillion.
In essence, Musk’s narrative not just reaffirmed Tesla’s pioneering status in technology and innovation but vividly painted a future where Tesla’s contributions to AI and robotics could redefine industry standards and expectations.