The Rundown Tesla Eyes Robotaxi Rollout in June, Meta Stands Firm on Massive AI Investment
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Jan 30, 2025 Tesla is gearing up for an ambitious rollout of its robo-taxi services, despite some recent financial setbacks. Meanwhile, Meta boasts strong earnings as it pushes forward with plans for personal AI chatbots. The podcast also highlights the fluctuating fortunes of major tech stocks, including IBM's growth driven by AI demand and UPS struggling against Amazon's logistics prowess. Exciting developments in the IPO scene are introduced with Twin Peaks, a bar chain looking to rival established competitors.
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Tesla's Focus on Self-Driving Tech
- Tesla's auto sales are slowing, so they are focusing on self-driving technology.
- Elon Musk believes Tesla could be worth more than the next top five companies combined due to this tech and Optimus.
Meta's AI Focus
- Meta's earnings beat expectations, and Mark Zuckerberg emphasized AI's importance.
- He expects Meta's AI chatbots to reach over a billion people and plans to invest billions in AI infrastructure.
Microsoft's Cloud Computing Slowdown
- Microsoft's stock dropped because their cloud computing division's growth fell short of projections.
- While AI cloud revenue exceeded expectations, the overall slowdown in Azure's business worried investors.