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Ahead of Tesla’s robotaxi launch, video from a fatal full self-driving accident shows the shortfalls of relying on cameras only

Driverless Tesla robotaxis may soon be funneling select passengers down the streets of Austin, Texas, but video from a fatal 2023 accident in which the driver was employing the car’s full self-driving software shows the potential limits of the technology even with a driver in the seat.

Bloomberg just published harrowing video footage from the accident for the first time, showing how in the glare of the sun the Tesla managed to miss numerous cues — cars pulling over, hazard lights, a person waving — alerting a traffic accident ahead. Human drivers saw these signals and slowed, but the Tesla plowed ahead at 65 mph and struck and killed a grandmother. Read the whole thing here, but one major takeaway:

While presumably Tesla’s technology has advanced a lot since the footage, its hardware hasn’t. Unlike Google’s Waymo, which has expensive lidar and radar in addition to numerous cameras in each car, Tesla vehicles still depend solely on cameras.

When asked on Tesla’s latest earnings call about how the company plans to overcome visual impairments like the sun, Musk said, “Actually, it does not blind the camera,” citing a “breakthrough that we made some time ago.”

Musk’s explanation of the breakthrough, however, “perplexed” a former vehicle development engineer Bloomberg asked about it.

Bloomberg just published harrowing video footage from the accident for the first time, showing how in the glare of the sun the Tesla managed to miss numerous cues — cars pulling over, hazard lights, a person waving — alerting a traffic accident ahead. Human drivers saw these signals and slowed, but the Tesla plowed ahead at 65 mph and struck and killed a grandmother. Read the whole thing here, but one major takeaway:

While presumably Tesla’s technology has advanced a lot since the footage, its hardware hasn’t. Unlike Google’s Waymo, which has expensive lidar and radar in addition to numerous cameras in each car, Tesla vehicles still depend solely on cameras.

When asked on Tesla’s latest earnings call about how the company plans to overcome visual impairments like the sun, Musk said, “Actually, it does not blind the camera,” citing a “breakthrough that we made some time ago.”

Musk’s explanation of the breakthrough, however, “perplexed” a former vehicle development engineer Bloomberg asked about it.

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Tesla CEO Elon Musk wins appeal for his 2018 pay package

Tesla CEO Elon Musk has won an appeal to the Delaware Supreme Court, restoring his 2018 pay package that was worth $56 billion at the time but has since ballooned in value, Reuters reports.

Two years ago, a lower court had struck down the compensation deal, calling it “unfathomable,” and Musk has been fighting for it since then.

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

tech

OpenAI’s reported fundraising valuation keeps jumping by hundreds of billions of dollars

OpenAI is reportedly in talks to raise as much as $100 billion, with a valuation of....$500 billion...$750 billion $830 billion?

This is getting ridiculous. This week we have read multiple reports that OpenAI is in early discussions with potential investors about a significant fundraising round of up to $100 billion, to help cover its cloud computing costs.

  • On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion

  • On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion

  • Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

  • On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion

  • On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion

  • Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

tech
Jon Keegan

Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

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