Tuesday February 19, 2019
Home Business Bumpy Road Ah...

Bumpy Road Ahead For Tesla

Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity

0
//
tesla
Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent.

“The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an email to employees posted on the company’s website.

He said Tesla Inc. hopes to post a “tiny profit” in the current quarter but that after expanding its workforce by 30 percent last year, it cannot support that size of staff.

Musk said in a tweet in October that Tesla had 45,000 employees. A 7 percent cut would involve laying off about 3,150 people.

Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

Tesla’s shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

“Our products are too expensive for most people,” Musk said in the memo to Tesla staff saying the company has to “work harder.”

“Tesla has only been producing cars for about a decade and we’re up against massive, entrenched competitors,” he said.

The company says it delivered over 245,000 electric cars and SUVs last year, nearly as many as all previous years combined. But its 2018 production fell far short of a goal set nearly three years ago of manufacturing 500,000 vehicles for the year. That goal was announced in May of 2016 based on advance orders for its mid-range Model 3, which sells for $44,000.

Also Read: Elon Musk Quotes $1 bn to Build Tunnel Under Australian Mountain Range

Musk said Tesla plans to ramp up production of the Model 3, “as we need to reach more customers who can afford our vehicles.”

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity,” he said in the memo, “but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause.” (VOA)

Next Story

Musk-founded AI Group Not to Release Software on ‘Fake News’ Fears

OpenAI said governments should consider expanding or commencing initiatives to more systematically monitor the societal impact and diffusion of AI technologies

0
Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Elon Musk-founded non-profit Artificial Intelligence (AI) research group OpenAI has decided not to reveal its new AI software in detail, fearing the AI-based model can be misused by bad actors in creating real-looking fake news.

Dubbed as “GPT2”, the AI-based automated text generator can produce fake news articles and abusive posts after being fed with a few pieces of data.

“We’ve trained a large-scale unsupervised language model which generates coherent paragraphs of text and performs rudimentary reading comprehension, machine translation, question answering and summarization – “all without task-specific training,” OpenAI said in a blog post late on Thursday.

Trained on a data set of eight million web pages, “GPT2” can adapt to the style and the content of the text you feed it.

OpenAI said the AI model is so good and the risk of malicious use is so high that it is not releasing the full research to the public.

However, the non-profit has created a smaller model that lets researchers experiment with the algorithm to see what kind of text it can generate and what other sorts of tasks it can perform.

Elon Musk, CEO of SpaceX. Wikimedia Commons

“We can imagine the application of these models for malicious purposes, including the following: Generate misleading news articles, impersonate others online, automate the production of abusive or faked content to post on social media and automate the production of spam/phishing content,” said OpenAI.

Today, malicious actors – some of which are political in nature – have already begun to target the shared online commons, using things like “robotic tools, fake accounts and dedicated teams to troll individuals with hateful commentary or smears that make them afraid to speak, or difficult to be heard or believed”.

OpenAI further said that we should consider how research into the generation of synthetic images, videos, audio and text may further combine to unlock new as-yet-unanticipated capabilities for these bad actors.

Also Read- Adults With Obstructive Sleep At Greater Risk Of Cardiovascular Diseases

Musk, who is the staunch critic of AI and co-founded OpenAI in 2016, stepped down from its board in 2018.

OpenAI said governments should consider expanding or commencing initiatives to more systematically monitor the societal impact and diffusion of AI technologies. (IANS)