I never really believed all the stories about driverless cars being a ready for prime time technology, and it appears the truth is finally starting to leak out. This is particularly important in the case of Tesla, since any chance at profitability for that company was Elon's promise of a Robotaxi service rather than selling the cars for individual ownership. If actual functioning driverless cars are still decades away, so is any chance Tesla will ever turn a profit.
Also over-hyped apparently is AIs ability to replace homo saps in ntekllectual work like writing newz stories. At least an inaccurate piece of journalism won't kill anyone in a car crash, but definitely getting facts wrong if it's say doing work on a legal case could end up with somebody getting wrongly connvicted and sent to the electric chair.
Given the amount of investment though in these technologies they have become TBTF, and instead of writing down the 100s of Billions already spent as losses, they'll double own on it and throw Trillions more down the toilet. To give up on it now,companies like Nvidia would be worthless and so would their overvalued stocks. Think Dot Com crash on steroids.
Coming soon to a theater near you.
https://www.bloomberg.com/news/articles/2025-01-13/why-ai-investors-should-worry-about-the-self-driving-car-crash?leadSource=uverify%20wall
RE
Why AI Investors Should Worry About the Self-Driving Car Crash
Started by RE Jan 13, 2025, 08:09 AM
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