Tesla Unveils ‘Robotaxi’ And OpenAI Revenue in 2029

🚘️Tesla Unveils Self-Driving ‘Robotaxi’

Elon Musk has unveiled the Cybercab, Tesla’s long-promised robotaxi, designed for autonomous ride-hailing. At an event in California, Musk introduced the self-driving, two-seater vehicle, which has no steering wheel or pedals.

• Pricing & Production: Priced under $30,000, Cybercab production is expected to start in 2026. Operating costs are projected to be just 20 cents per mile, making it highly cost-effective.

• Design & Features: The Cybercab features gull-wing doors and inductive charging, eliminating the need for traditional plug-ins.

• Robotaxi Fleet: Tesla owners will be able to list their cars as robotaxis, allowing them to earn money through Tesla’s ride-hailing app.

Robovan & Optimus Robot

Musk also introduced the Robovan, a self-driving van capable of transporting up to 20 passengers or large cargo.

The Optimus humanoid robot was showcased, with a price tag between $28,000 and $30,000. It can perform tasks like mowing lawns and grocery shopping.

Investor Concerns

While social media buzzed with excitement, some investors expressed concern over timeline delays and regulatory challenges. Musk assured the audience that fully autonomous vehicles would start operating in Texas and California by next year.

You can watch the full event from here.

💰️ OpenAI Projects $101B Revenue In 2029

A recent report reveals that OpenAI could face $44 billion in losses before becoming profitable by 2029. These losses are tied to high costs in training advanced AI models, employee salaries, and data acquisition.

2029 Revenue Projections:

• $100 billion in revenue

• $44 billion losses before profitability

• Microsoft likely to receive 20% cut of OpenAI’s revenue

Costs Breakown:

• Spending heavily on training and operating AI models

• Significant expenditure on salaries and data acquisition

• OpenAI needs to raise more funding to stay afloat

Microsoft Partnership:

Microsoft’s $13 billion investment in OpenAI could lead to more collaboration, but the tech giant will take 20% of OpenAI’s earnings.

With concerns about the firm’s long-term sustainability, OpenAI must transition into a for-profit entity in the next two years or face challenges returning investor funds.

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