PYMNTS.com July 23, 2024
Tesla is investing in artificial intelligence (AI) as it anticipates the “next major growth wave.”
That wave will be driven by advances in autonomy and the introduction of new products, the company said in a presentation released Tuesday (July 23) in conjunction with its quarterly earnings call.
“We’re investing in many future projects, including AI training and inference and a great deal of infrastructure to support future products,” Tesla CEO Elon Musk said Tuesday during the earnings call.
The company’s autonomy offerings powered by AI software and hardware include its suite of driver assistance features called FSD (Supervised), its autonomous humanoid robot called Optimus, and its future autonomous driving and Robotaxi service.
During the second quarter, Tesla continued to increase...
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