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What To Expect From The Tesla AI Day 2022 Event

On September 30th, Elon Musk will give an overview of the company’s journey to fully autonomous vehicles, as well as officially announcing the Optimus Robot.

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what to expect from the tesla ai day 2022 event

Tesla is hosting an “AI Day” event on September 30th, where Elon Musk’s company will showcase ongoing developments towards the complete automation of its vehicles, ultimately leading to a range of entirely driverless cars.

This year’s event, however, promises something that will almost certainly overshadow Tesla’s automated cars: A robot called Optimus, which Elon Musk is billing as having “the potential to be more significant than the vehicle business over time.”

Optimus Tesla Bot

optimus tesla bot

The Optimus robot is causing something of a stir online. Many believe it may be a gimmick to showcase Tesla’s other AI projects, whereas others are skeptical it will ever turn out to be real. One thing is certain though: Tesla is arguably one of the biggest robotics pioneers in the world, so it makes sense that the company is keen to produce a humanoid robot.

Musk has stated that the Optimus robot will be “friendly” with human-like hands and a fully self-driving Tesla computer for a brain. Tesla engineers think it will likely be another 10 years before the Optimus bot is ready to be sold to consumers. However, a large portion of the company’s resources seem to be being funneled into the project.

Autonomous Vehicle Update

tesla autonomous vehicle update

Back to real-world technology, the Tesla AI Day will feature announcements that most regular people have been waiting for. The company has already announced that 160,000 drivers across North America are beta testing its vehicles in a fully driverless format, so it will be interesting to hear updates on a program that hasn’t been without controversy (read: plenty of crashes and accidents!).

Dojo

tesla dojo

Alongside autonomous cars and robots, AI Day will also feature news on Dojo, a powerful Nvidia-based supercomputer that will train the company’s AI systems. Last year, the computer was still in development, so it will be interesting to see what’s been achieved in the previous twelve months. Musk has claimed that Dojo will be capable of an exaFLOP of computing — for us mere mortals, we’d have to perform one calculation per second for 31,688,765,000 years to match what Dojo can achieve in a second!

Overall, we’re expecting big things from Tesla’s AI Day 2022, which will be a chance for the company to lay out its vision for the future, which will undoubtedly be something to look forward to in an era that currently seems increasingly pessimistic.

You’ll be able to watch the event on Tesla’s official YouTube channel here.

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du Considers Adding Crypto & Investment Tools To New Service

The company plans to bridge gaps in one of the financial market’s most underserved demographics, according to its CEO.

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du considers adding crypto and investment tools to new service

The Emirates Integrated Telecommunications Company, better known as Dubai-based du, is contemplating incorporating cryptocurrency and investment tools into its recently launched financial technology platform, according to CEO Nicolas Levi.

According to Levi, the potential enhancements would enable improved portfolio management for investors. The new tools and features would be realized through future partnerships while continuing to adhere to strict UAE regulations.

“Cryptocurrencies are being used as an investment. Will we have an investment product one day potentially? I’m not saying no to that. Will we use crypto for our own transactions? There are some plans with the [UAE] central bank to work on that,” Levi said in a recent interview.

The UAE Central Bank does not currently recognize cryptocurrencies as legal tender. However, the regulator began implementing its own form of digital currency back in March 2023, known as Digital Dirham. Additionally, the UAE Central Bank’s endorsement of legitimate crypto enterprises for banking services underscores the Emirates’ commitment to addressing real-world financial needs.

Also Read: Lebanese Newspaper Builds AI President To Beat Political Crisis

du Pay, the company’s inaugural venture into the FinTech sector, had a soft launch earlier this month after UAE Central Bank authorization. Offering an array of financial services like domestic and international transfers, bill payments, recharges, and salary receipts through a unique IBAN, du Pay marks a significant strategic move by the telecom firm into the digital finance space.

The rising trend of mobile-based financial services in the UAE, including digital wallets and online payments, mirrors global trends. Statista projects the digital payments market to balloon to $16.7 trillion by 2028, at a CAGR exceeding 9.5% from 2024’s estimated $11.53 trillion.

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