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Tesla Unveils ‘Robotaxi’ And ‘Robovan’

PLUS: OpenAI revenue breakdown

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Howdy! It’s Barsee again.

Happy Friday, AI family, and welcome back to AI Valley.

In today’s edition:

  • 🚘️ Tesla Unveils ‘Robotaxi’ And ‘Robovan’

  • 💰️ OpenAI Projects $101B Revenue In 2029

  • 🤖 Plus Trending AI Tools, Posts, and Resources

Ready, set, go…

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TESLA

🚘️ Tesla Unveils ‘Robotaxi’ And ‘Robovan’

Source: Tesla

Tesla has unveiled the Cybercab, a new electric vehicle dedicated to self-driving that lacks a steering wheel or pedals.

  • Priced at under $30,000, this vehicle is designed without a steering wheel or pedals and features two distinctive gull-wing doors

  • The operating cost is projected to be approximately 20 cents per mile, making it a cost-effective option for users

  • It supports “inductive charging,” eliminating the need for traditional plug-in methods

  • Tesla owners will have the opportunity to list their vehicles as robotaxis, providing an innovative way to generate income.

Additionally, Tesla unveiled more surprises:

The Robovan, featuring a sleek design and self-driving capabilities, capable of transporting up to 20 passengers or a large cargo.

Source: Tesla

Musk also showed off Optimus personal assistant robots, which he claims can mow lawns, fetch groceries, and babysit, estimating their cost to be between $28k and $30k.

Source: Tesla

When is the Cybercab expected?

Musk announced that production might start as early as 2026. You can watch the full event from here.

OPENAI

💰️ OpenAI Projects $101B Revenue In 2029

Source: TheInformation

OpenAI anticipates generating $101 billion in revenue by 2029, with projected losses of up to $14 billion by 2026.

2029 Revenue Breakdown:

  • $55 billion from ChatGPT

  • $22 billion from API sales

  • $24 billion from other products

  • Profitability is targeted by 2029, with expected adjusted profits of $14 billion.

Cash Flow & Spending:

  • In the first half of 2024, OpenAI experienced a cash burn of ~$340 million

  • Left with $1 billion in cash prior to securing a recent $6.6 billion funding round

  • Projected over $200 billion in spending by decade’s end, with 60%–80% allocated annually to training and running large language models (LLMs).

Financial Projections for 2024:

  • Expected gross margin: 41%

  • Forecasted revenue: $4 billion

  • Projected losses: $5 billion (excluding stock-based compensation)

  • Stock-based compensation estimated at ~$3 billion per year.

Corporate Structure & Strategy:

OpenAI plans to restructure as a public benefit corporation (PBC), which would:

  • Protect against hostile takeovers

  • Ensure the company balances interests of shareholders, employees, and the public

  • Provide a “safe harbor” against activist investors concerned about profitability.

QUICK HITS

  1. Meta is introducing AI video tools for Facebook and Instagram that let advertisers animate still images and expand video backgrounds. (link)

  2. AMD is launching an AI chip to rival Nvidia’s Blackwell GPUs. (link)

  3. Lambda recently released new 1x, 2x, and 4x NVIDIA H100 SXM instances that deliver up to 51% higher performance compared to PCIe versions. (link) *

  4. The Internet Archive suffered a major data breach, exposing 31 million user accounts with information like email addresses, usernames, and hashed passwords. (link)

  5. Walmart unveils Wallaby, a suite of retail-focused AI models trained on its "decades" of data to understand and respond naturally to employees and customers. (link)

  6. OpenAI plans to integrate SearchGPT into ChatGPT before 2024 ends. (link)

  7. Zoom launches AI Companion 2.0 with personalized avatars and advanced workplace AI tools. (link)

  8. TikTok announces global layoffs as it shifts focus to AI-powered content moderation. (link)

USEFUL AI LINKS

Trending Tools

  • Lambda > New 1x, 2x, and 4x NVIDIA H100 SXM instances deliver up to 51% higher performance compared to PCIe versions. (link) *

  • Cove > Visual workspace for thinking with AI. (link)

  • Miro 2.0 > Where AI turns ideas into prototypes, plans, briefs, and more. (link)

  • UiPath > A popular RPA tool with a visual interface, which allows you to create workflows by dragging and dropping activities. (link)

Cool Findings / Resources

  • How to use GPT 4 o1 in the right way. (link)

  • AI products/services have increased the team's efficiency so much that you've eliminated a position. (link)

  • How is Hershey using AI to boost Halloween sales? (link)

  • Google has made its Imagen 3 image AI available to all Gemini users. Here are three ways to try it out. (link)

DAILY DOSE OF CONTENTS

1/ Tesla Cybercab: First Driverless Tesla Ride!

2/ ChatGPT Video Game, 10,000,000 Particle Simulation, Nobel Prize in Chemistry.

3/ Tesla Optimus Bot interacting with a crowd.

THAT’S ALL FOR TODAY

That’s all for today’s issue, folks.

💡 Help me get better and suggest new ideas at [email protected] or @heyBarsee

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