Sunday February 17, 2019
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Tesla Acquires Trucking Firms To Ensure Early Delivery of Model 3: Elon Musk

Musk, who was the Chairman of Tesla for three years, stepped down earlier in September

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

Tesla has acquired trucking companies to ensure early delivery of Model 3 and help buyers get tax credits by the end of the year, the electric car company’s CEO Elon Musk said in a tweet on Friday.

Tesla had, originally, suggested that buyers who wanted to take advantage of the full $7,500 EV federal tax incentive would need to order their vehicles by October 15.

However, Tesla has reopened that window and extended it a fair bit.

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in US by December 31 if ordered by November 30,” Musk tweeted.

He explained that the automaker had “bought some trucking companies” and “secured contracts with major haulers” to avoid future logistical complications that have plagued Tesla as Model 3 deliveries rise dramatically.

That amounts to an extra six weeks of ordering time to take advantage of the $7,500 EV tax incentive before the phase-out begins for deliveries starting on January 1, CNET reported late on Thursday.

Buyers getting new Tesla delivery on or before December 31, will be eligible for the full $7,500 federal tax incentive.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

For deliveries between January 1 and June 30, 2019, the incentive will be halved to $3,750, and it will further be halved for another six months before disappearing entirely.

Those waiting for the fabled $35,000 Model 3 will miss the full incentive, as the vehicle is on target for the first half of 2019, the report said.

While Tesla declined request for additional information, including the names of the acquired companies and those with which Tesla has secured contracts, Musk said that they are going to ship east with the trucks instead of trains, which is shortening the transit times by weeks.

“Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load or unload and direct to owner location,” Musk wrote.

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Musk, who was the Chairman of Tesla for three years, stepped down earlier in September.

He paid a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (SEC) to resolve securities fraud charges.

Robyn Denholm from Telstra has been appointed as the Chairwoman of the Tesla Board. Musk, however, remains as Tesla’s chief executive and the biggest investor. (IANS)

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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

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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.

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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)