The podcast discusses the current state of autonomous vehicles, including Cruise, Waymo, and Tesla. They also review Meta's new Ray Ban sunglasses.
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Quick takeaways
Cruise's autonomous operations are temporarily halted after an accident, highlighting the challenges and safety potential of autonomous vehicles.
Meta's Ray-Ban smart glasses showcase the integration of AI and hands-free computing, paving the way for personalized assistance in everyday wearables.
Deep dives
Cruise's Autonomous Permit Revoked in California
Cruise, General Motors' Autonomous Car Unit, had its autonomous permit in California revoked after an accident where a human-driven car hit a Cruise car and a pedestrian was dragged by the Cruise car. This incident has led to a temporary halt of Cruise's autonomous operations across the US. Despite the setback, autonomous vehicles are generally believed to be safer than human-driven cars.
GM Pulls Back on EV Promises
General Motors (GM) has recently scaled back its forecasted numbers for producing electric vehicles (EVs), reflecting the challenges traditional automakers face in transitioning to EVs. Unlike Tesla, GM and other traditional automakers lack expertise in battery architecture and battery pack scale. This contributes to the slower pace of EV adoption by traditional automakers. The profitability of EVs for traditional automakers is also a concern.
Meta's Ray-Ban smart glasses have generated excitement and interest due to their unique functionality. While functioning as a stylish and high-quality pair of sunglasses, these glasses also feature a camera and an embedded AI assistant powered by Meta AI. Users can interact with the AI assistant for various tasks, such as getting information, asking questions, and making phone calls. The glasses illustrate the potential for hands-free computing and the integration of AI into everyday wearables.
The Future of AI Assistants and Wearables
The integration of AI assistants into wearables like Meta's smart glasses opens up possibilities for voice-based interaction, hands-free computing, and personalized experiences. As AI technology advances, AI assistants may act on behalf of users, performing tasks such as booking travel arrangements and making reservations. This future of ubiquitous AI support across different wearables and personalized assistance has the potential to significantly enhance convenience and productivity in daily life.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
This week, Associate Portfolio Manager Nick Grous is joined Director of Investment Analysis
& Institutional Strategies Tasha Keeney, CFA. Together they discuss the current state of autonomous vehicles including Cruise, Waymo and Tesla, and Meta’s new Ray Ban sunglasses.
Key Points From this Episode
Cruise Halts Operations
Meta Ray Ban Glasses Review
For more updates on Public.com:
Website: https://public.com/
YouTube: @publicinvest
Twitter: https://twitter.com/public
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