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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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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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