Tesla is not just a car maker but an AI robotics firm, says Elon Musk

Elon Musk. Photo: Reuters

Tesla CEO Elon Musk feels that his company is not just an electric-car maker but in the long-term, people will think of Tesla as much as an AI robotics firm.

Musk said during the company's Q1 2021 earnings call on Monday that Tesla is developing one of the strongest hardware and software AI teams in the world.

"We appear to be able to do things with self-driving that others cannot. So and if you look at the evolution of what technologies we have developed, we developed them in order to solve the problem of self-driving," he told the analysts.

"The software out there was really quite primitive for this task and so we built a team from scratch and have been developing what we think is probably the most advanced real-world AI in the world," he added.

Tesla reported $10.3 billion in sales and net income of $438 million in the first quarter of 2021, a growth of 74 per cent from a the year-ago period.

Musk said that currently, they use Tesla training software.

"We drew up a lot of training software, a lot of labelling software to do -- be able to do surround video labelling, which is quite tricky. This means all eight cameras simultaneously at 36 frames per second per camera labelling video over time. It wasn't any tool that existed for this. So we developed our own labelling tool," he explained.

--IANS

na/


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel