Tesla will have its ChaGPT moment no later than next year: Elon Musk

In an interaction with CNBC, Musk said, “Tesla has tremendous capability in the real world. It is far ahead of anyone (other companies).”

ChatGPT models by OpenAI, which Musk founded along with other scientists and engineers, have taken the internet by storm, forcing big tech giants such as Microsoft and Alphabet to accelerate the development of similar large language models, and other companies to integrate generative AI models into their products.

Musk added that he would be focusing especially on artificial intelligence at Tesla, which uses such technology for self-driving capabilities.

Also read | “I’ll say what I want to say and if the consequence of that is losing money, so be it”: Elon Musk on controversial tweets

He said millions of Tesla cars would operate autonomously, growing from 3 million to 5 million and eventually 10 million.

Discover the stories of your interest

Earlier in the day, during a shareholder meeting, Musk issued a warning about the challenges before the global economy. “Tesla is not immune to the global economic environment. I expect things to be, just at a macroeconomic level, difficult for at least the next 12 months,” said the billionaire.Musk said the company would now advertise its vehicles. So far, Tesla, famously, has avoided paying for advertising, quite unlike its competitors. “We’ll try out a little advertising and see how it goes,” he said.

Musk also told the shareholders that the company’s “Full Self-Driving” software is getting close to where it’s safer than human driving.

Shareholders voted to place Tesla cofounder and former chief technology officer JB Straubel on the company’s board for the next three years. Straubel left Tesla in 2019 to start a battery materials recycling company.

The shareholders also re-elected Musk and Chairwoman Robyn Denholm to the board.

Musk also rebuffed rumours that he would step down as Tesla CEO.