With artificial intelligence continually transforming the world, Tesla, Inc. (NASDAQ: TSLA) still happens to rank among those most-talked-about companies of AI. Recent reports point out a slowdown of progress in generative AI model advancement. More than ever, the conversation over AI stocks, with Tesla included, is a thing now.
The incredible pace of AI development, especially generative models such as those being showcased by OpenAI in its ChatGPT, is slowing down. OpenAI’s new Orion model, CNBC’s Deirdre Bosa reports, is going to improve less dramatically than the transition from ChatGPT-3 to ChatGPT-4. A major cause for this slowdown though is that there’s less and less new data available for training models. Still, according to a recent report by Sam Altman, the CEO of OpenAI, its ChatGPT remains one of the world’s most visited sites: 3.7 billion visits in October.
Notwithstanding these changes, AI companies adapt their strategies. Researchers are discovering new techniques of “time testing compute” that can help to provide smarter AI by enhancing models in the inference phase. This may potentially reconfigure the competitive landscape, especially for AI hardware.
In this space, Tesla is unique with innovation powered by AI; with innovations about self-driving and clean energy, Tesla harnessed AI to make its production capabilities more effective and to make better appealing products. Experts, even Morgan Stanley analysts, have confirmed that the potential of Tesla has been reaffirmed ahead of a 40 percent rise in the stock following the endorsement from political figures. As the AI market matures, experts believe Tesla’s role will be expanded with total addressable markets reaching well into a far distant horizon from the current models in place.
While proponents argue AI is losing steam as progress levels off, Tesla is one key player who continues to be well-positioned in the market. Other AI stocks full of promise continue to shine so brightly that this observer has a renewed optimism about artificial intelligence’s transformative power on the tech industry.
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