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An unofficially installed poster displayed on a bus shelter as shareholders voted for Elon Musk’s $1 trillion pay package (Leon Neal/Getty Images)
They’re Out There

The wildest stuff Elon Musk said at Tesla’s shareholder meeting

Get ready to text and drive while the Optimus robot cures poverty.

Rani Molla

Tesla shareholder meetings are like no other. Where else does a man, just awarded a $1 trillion pay package, come onstage to dancing robots? CEO Elon Musk said as much himself:

“Other shareholder meetings are like snoozefests,” Musk told shareholders at his Texas Gigafactory Thursday. “This is sick. We get this cyberpunk nightclub here with real robots just standing there and milling around and dancing.”

The potential future trillionaire went on enumerate all the progress the company is making as well as a number of product timelines (to be taken with a grain of salt). That included announcing that the Optimus robot, Semi Truck, and Cybercab would go into production in 2026, and that Tesla’s Robotaxi service would next roll out in Miami, Dallas, Phoenix, and Las Vegas. But it also included a lot of wild comments from Musk.

“I’m going to say a bunch of things that probably I shouldn’t say, but that’s what keeps it interesting,” Musk warned.

Here are some of our favorite Musk comments, slightly edited, from the call.

On Optimus robots:

“Optimus will ultimately be better than the best human surgeon with a level of precision that is impossible, that is beyond human.”

“People always talked about eliminating poverty, but actually, Optimus will actually eliminate poverty.”

“I think we might maybe able to give people — if somebody committed crime — a more humane form of containment of future crime. You say, ‘You now get a free Optimus and it’s going to follow you around and stop you from doing crime.’ But other than that, you get to do anything... You don’t have to put people in prisons and stuff.”

“Things do get kind of wild from an economic standpoint because at a certain point with AI and robotics, you can actually increase the global economy by a factor of 10 or maybe 100. There’s not an obvious limit. Optimus is kind of like an infinite money glitch.”

On cartoon characters and how Teslas look:

“Apart from the Cybertruck, our cars look pretty normal... Let’s say you’ve got a cat and it’s just sitting there on the couch, and you try to tell people that the cat is actually Puss in Boots and it can put on boots and a hat and swashbuckle and sing and dance... We’ve got millions of Tesla cars out there that are the kind of like Puss in Boots. They’re intelligent, but people don’t know that they’re intelligent... You can either have a cat that’s a normal cat, or you can have Puss in Boots. And Puss in Boots is very cool.”

On Full Self-Driving milestones:

“We’re actually getting to the point where we almost feel comfortable allowing people to text and drive, which is kind of a killer app because that’s really what people want to do and do do. And actually right now, the car’s a little strict about keeping your eyes on the road.  But I’m confident that in the next month or two, we’re going to look closely at the safety statistics, but we will allow you to text and drive essentially.”

“ I think [software version] 14.3 is when we’ll really be at the point where you can just pretty much fall asleep and wake up at your destination.”

On AI chips:

“ I’m super hardcore on chips right now, as you may be able to tell. I’ve got chips on the brain. I dream about chips, literally.”

“When we extrapolate the best-case scenario for chip production from our suppliers, it’s still not enough. So I think we may have to do a Tesla tera fab. It’s like giga, but way bigger. I can’t see any other way to get to the volume of chips that we’re looking for, so I think we’re probably going to have to build a gigantic chip fab.”

Not to be outdone, some shareholders and shareholder advocates who read their proposals aloud at the start of the meeting also had some fun things to say.

John Chevedden:

“Annual election of each Tesla director will tend to keep Tesla directors away from their current status as being lapdog enablers for Mr. Musk and Mr. Musk’s outrageous executive pay and Mr. Musk’s outrageous distractions from Tesla.”

James McRitchie:

“ Tesla’s Musk premium, once a source of strength, is fading along with his global reputation. Remember, Tesla is his only publicly traded company. It’s the liquid piggy bank that fuels his other ventures. Yes, Elon Musk is brilliant, but no company should depend on a single personality. Either he stays long enough to keep using your capital elsewhere, or he moves on when the tap runs dry.”

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Report: OpenAI may tailor a version of ChatGPT for UAE that prohibits LGBTQ+ content

In June of last year, OpenAI CEO Sam Altman appeared in Abu Dhabi, UAE, alongside Nvidia CEO Jensen Huang to announce “Stargate UAE,” a project that includes a 1-gigawatt AI data center in Abu Dhabi, and a commitment to invest in the Stargate USA project.

OpenAI has announced that it is interested in jumping on the “sovereign AI” train, helping countries roll out their own AI services that reflect their own language, culture, and version of history.

Today, Semafor is reporting that OpenAI is in talks to develop a tailored version of ChatGPT for the UAE that would align with the kingdom’s conservative social laws and speech restrictions, such as disallowing discussion of LGBTQ+ content. The UAE-owned MGX investment firm is an investor in OpenAI.

The company announced its OpenAI for Countries initiative in May of last year, which aims to “help interested governments build sovereign AI capability in coordination with the U.S. government — rooted in democratic values, open markets, and trusted partnerships.”

The UAE is a monarchy with a history of human rights violations.

OpenAI has announced that it is interested in jumping on the “sovereign AI” train, helping countries roll out their own AI services that reflect their own language, culture, and version of history.

Today, Semafor is reporting that OpenAI is in talks to develop a tailored version of ChatGPT for the UAE that would align with the kingdom’s conservative social laws and speech restrictions, such as disallowing discussion of LGBTQ+ content. The UAE-owned MGX investment firm is an investor in OpenAI.

The company announced its OpenAI for Countries initiative in May of last year, which aims to “help interested governments build sovereign AI capability in coordination with the U.S. government — rooted in democratic values, open markets, and trusted partnerships.”

The UAE is a monarchy with a history of human rights violations.

Allen & Co Brings Together Media And Tech Titans In Sun Valley

Analysts think Amazon’s sky-high capex is a good thing, even if there’s “shock value” for investors

That said, several analysts also lowered their price targets for Amazon the day after its downbeat earnings report.

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Big Tech’s $1.1 trillion cloud computing backlog

Now that the big dogs of cloud computing have all reported their quarterly earnings, we can step back and get a sense of the searing demand that AI is driving toward their businesses.

Amazon, Google, and Microsoft each reported hundreds of billions in RPO (remaining performance obligations) — signed contracts for cloud computing services that can’t yet be filled and haven’t yet hit the books.

Collectively, the big three cloud providers reported a $1.1 TRILLION backlog of revenue.

This gargantuan demand could be good news for the “neoscalers” like CoreWeave and Nebius. But even CoreWeave is reporting a substantial backlog of its own — $55 billion last quarter.

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Big Tech capital expenditure soared in 2025. It’s going up another 50% in 2026.

Last quarter was one for the record books when it came to Big Tech’s purchases of property and equipment. Combined, Amazon, Alphabet, Microsoft, and Meta spent nearly $400 billion on capex, sans leases, in total last year, mostly in service of building out the AI infrastructure that they hope will furnish their futures.

And 2026 is only getting more expensive.

The four are expected to spend 50% more in 2026 than in 2025: roughly $600 billion. Amazon said it’s on the hook for $200 billion in capex this year, while Google expects to spend between $175 billion and $185 billion. Not too far behind, Meta estimated its 2026 capex would be $115 billion to $135 billion. Microsoft didn’t give an estimate, but analysts have its 2026 calendar year capex at around $114 billion. However, it should be noted that analysts’ expectations for 2026 were way lower than the reality for the rest.

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