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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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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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