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Elon Musk Weekly News Update: Tesla, SpaceX, X, Neuralink, and More · Elon Musk Podcast

• 0:01
  Hey everybody, welcome back to the Elon Musk podcast.
• 0:05
  This is a show where we discuss the critical crossroads, the
• 0:08
  shape, SpaceX, Tesla X, The Boring Company and Neuralink.
• 0:13
  I'm your host, Will Walden. So Elon Musk's X, formerly
• 0:18
  Twitter, of course, is set to undergo a significant redesign.
• 0:22
  They're going to be removing traditional interaction and
• 0:25
  engagement buttons from users feeds.
• 0:28
  It'll eliminate. The retweet.
• 0:30
  Button and also the repost button, same thing.
• 0:33
  The like button, reply buttons. And that's all going to be
• 0:37
  removed from individual posts on your timeline, so users will no
• 0:43
  longer see repost, like and reply counts on each post.
• 0:47
  Instead, interactions will be handled differently, with users
• 0:50
  needing to swipe left or right on a post to like a reply.
• 0:54
  And for those using X on iOSA, forced touch on a post will open
• 0:58
  a menu with more options, and the only visible metric
• 1:02
  remaining on the post in the timeline will be the view count,
• 1:05
  which has been relocated to the upper right corner of each post.
• 1:09
  The redesign was first identified by Aaron Paris, who
• 1:12
  is a researcher for Mac Rumors is later confirmed by Elon Musk.
• 1:17
  Now, the majority of user feedback so far of this change
• 1:20
  has been fairly negative. Many users have expressed
• 1:24
  dissatisfaction with the removal of the familiar buttons, finding
• 1:27
  the proposed swipe gestures kind of less intuitive.
• 1:31
  Then, in response to a user criticizing the change, Elon
• 1:33
  Musk defended the redesign, stating it's awesome, just swipe
• 1:36
  left to like and right to reply. And despite Musk's enthusiasm,
• 1:41
  the general reception remains kind of skeptical.
• 1:44
  The planned redesign represents a substantial shift in how users
• 1:47
  interact with content on X, and by eliminating traditional
• 1:50
  engagement buttons, X aims to streamlines the interface,
• 1:54
  though it risks alienating users accustomed to the current
• 1:58
  layout. Now.
• 1:59
  The change could also impact the way users perceive engagement on
• 2:02
  their posts, with removal of visible like and repost counts
• 2:05
  potentially affecting the overall user experience.
• 2:08
  View counts will be the sole metric displayed, shifting the
• 2:10
  focus to how many people have seen a post rather than how many
• 2:14
  have interacted with it. Now.
• 2:16
  For users, the new interaction methods may require a little
• 2:19
  period of adjustment. Sweeping left or right to
• 2:22
  interact with posts is a departure from the more
• 2:24
  straightforward tapping of the buttons.
• 2:26
  This could lead to a sort of the slight learning curve as users
• 2:29
  adapt to the new system. And people will complain about
• 2:32
  it and say they're going to be leaving X and they'll probably
• 2:34
  stick around like normal as something changes like this.
• 2:37
  When there's an interface change for any big social media
• 2:40
  platform, there's always an outcry and XS decision to move
• 2:44
  away from the visible engagement.
• 2:45
  Metrics like likes and replies may also influence how content
• 2:49
  is shared and consumed on the platform.
• 2:51
  Without the immediate feedback of likes and reposts, users
• 2:54
  might approach posting differently, potentially
• 2:57
  altering the platform's dynamics.
• 3:00
  Now, this redesign aligns with a broader trend in social media
• 3:02
  towards more simplified and streamlined interfaces.
• 3:05
  However, remains to be seen whether this specific change
• 3:08
  will be embraced by XS user base or if it will drive users to
• 3:12
  seek alternative platforms. The removal of engagement
• 3:15
  buttons and counts could also impact content creators who rely
• 3:19
  on these metrics to gain the popularity and reach of their
• 3:22
  posts. For influencers and businesses,
• 3:24
  this change might necessitate new strategies for measuring
• 3:27
  engagement and success on the platform.
• 3:30
  And as X prepares to roll out these changes, the developers
• 3:33
  will likely need to monitor user feedback closely and be prepared
• 3:37
  to make further adjustments based on how the new interaction
• 3:40
  methods are received. The shift to swipe based
• 3:43
  interactions could also pose challenges for accessibility.
• 3:46
  Users with motor impairments or those who use assistive
• 3:50
  technology is might find the new gestures more difficult to
• 3:53
  perform. Raising concerns about
• 3:55
  inclusivity And the redesign of X is part of a broader effort to
• 3:59
  innovate and differentiate itself in social media.
• 4:02
  And by experimenting with new ways of interacting with
• 4:05
  content, X aims to stay relevant and appealing to users.
• 4:08
  Though this comes with the risk of alienating the current user
• 4:11
  base on X. And the reaction to the plan
• 4:14
  changes shows the challenges of social media platforms when they
• 4:18
  make significant alterations to user interfaces.
• 4:21
  They have to balance innovation with user satisfaction, and it's
• 4:24
  a difficult task. The success of such changes
• 4:27
  often hinges on how well they're communicated and implemented.
• 4:31
  But for now, users will need to prepare for a new way of
• 4:33
  engaging with Posen X. Whether this will lead to a more
• 4:37
  streamlined and enjoyable user experience or a decline in user
• 4:41
  engagement, it all remains to be seen.
• 4:43
  Also, we haven't seen a desktop version of X with a new
• 4:47
  interface yet, because there's really no way to swipe left or
• 4:49
  right on A. Desktop except for with your.
• 4:51
  Mouse, I guess so. This is only going to be mobile
• 4:56
  and Elon Musk is very confident about the redesign.
• 4:59
  He's committed to it and he's going to see it through despite
• 5:01
  the initial negative feedback. The long term impact of these
• 5:05
  changes on user behavior and platform dynamics will be an
• 5:08
  important area to watch in the future.
• 5:11
  It's a notable departure from traditional social media
• 5:13
  interaction methods, and by removing all of these buttons in
• 5:17
  introducing swiping, X aims to create a more.
• 5:20
  Streamlined experience Elon Musk has issued a warning to Bill
• 5:26
  Gates and has threatened the Microsoft Co founder with severe
• 5:30
  financial consequences if he continues betting against Tesla.
• 5:34
  Now, Musk foresees a dramatic transformation for Tesla,
• 5:38
  envisioning the carmaker becoming a colossal entity
• 5:42
  valued at $30 trillion. This forecast hinges on Tesla's
• 5:48
  successful shift from primarily selling electric vehicles to
• 5:52
  managing a profitable fleet of robo taxis and humanoid robots.
• 5:58
  Musk's ominous message to Gates was shared on social media,
• 6:01
  where he stated once Tesla fully solves autonomy and has Optimus
• 6:05
  in volume production, anyone still holding a short position
• 6:09
  will be obliterated, even Gates. The animosity between the two
• 6:15
  billionaires became public in 2022 when text messages revealed
• 6:19
  Musk's refusal to support Gates's charitable efforts.
• 6:23
  Due to Gates's significant short position against Tesla now, Musk
• 6:28
  expressed his disapproval in a message saying.
• 6:30
  Sorry, but I cannot take your philanthropy on climate change
• 6:33
  seriously when you have a massive short position against
• 6:37
  Tesla, the company doing the most to solve climate change.
• 6:41
  By then, Gates had already begun regretting his pessimistic
• 6:44
  stance on Tesla, though it's uncertain if he still maintains
• 6:48
  that position despite Musk's strong warning.
• 6:52
  It's a bold claim considering Tesla's recent struggles.
• 6:57
  The company's vehicle sales have declined by 6.6% in the first
• 7:01
  half of the year, and the highly anticipated Cybertruck has not
• 7:05
  met expectations. Now, Tesla has abandoned its
• 7:11
  ambitious target of increasing volumes from 1.8 million E VS
• 7:16
  last year to 20 million by 2030. Nonetheless, Musk remains
• 7:22
  undeterred by adversity. He has previously outlasted
• 7:25
  other notable Tesla shorts like David Einhorn and Jim Chanos,
• 7:29
  known for profiting from the collapses of Lehman Brothers and
• 7:32
  Enron, respectively. Since April, Musk has been
• 7:36
  working to stabilize Tesla's stock, beginning with hints of a
• 7:41
  new Cyber Cab Robo taxi model, suggesting he might finally
• 7:46
  achieve full autonomy. Additionally, Musk announced
• 7:50
  that 2025 could see a resurgence in EV sales with the
• 7:54
  introduction of new low cost models, potentially marking a
• 7:58
  turn around for the stock. Concerns that Musk might resign
• 8:01
  from Tesla over the loss of his 2018 compensation deal, valued
• 8:07
  at $70 billion at the current stock price, were largely
• 8:11
  dispelled when Vanguard and other significant investors
• 8:15
  expressed their support for him last month.
• 8:18
  On Tuesday, Tesla reported it had avoided a steeper decline in
• 8:22
  Q2 vehicle sales by selling off excess inventory.
• 8:26
  By reducing EV production to its lowest level since Q 3/20/22,
• 8:31
  Tesla redirected surplus battery cells to its stationary energy
• 8:35
  storage business, more than doubling its Q1 volume to an
• 8:39
  unprecedented 9.4 GW hours deployed.
• 8:43
  This move has added $100 billion to Tesla's market capitalization
• 8:47
  over the past two days, currently trading at 70 times
• 8:51
  next year's earnings. Tesla's valuation is high even
• 8:55
  for a growth stock, especially one expected to see declines in
• 8:59
  revenue and earnings in 2024. However, investors confident in
• 9:04
  Musk's vision for robot butlers might view the current market
• 9:07
  cap of $740 billion as a minor issue.
• 9:12
  Musk envisions widespread adoption of robots, aiming for
• 9:15
  one in every business and home, ultimately reaching a production
• 9:19
  rate of 1 billion droids per year.
• 9:23
  Musk plans to sell these Optimus robots at $20,000 each, despite
• 9:28
  production costs being only $10,000, ensuring a 50% profit
• 9:33
  margin per unit. This would result in annual
• 9:36
  profits of $1 trillion, translating to a market cap of
• 9:39
  $25 trillion. With a standard earnings
• 9:43
  multiple of 25, adding $5 trillion for the future Robo
• 9:48
  taxi fleet, Musk believes this presents a substantial value for
• 9:53
  current investors. Critics argue that Musk's
• 9:56
  projections are overly optimistic.
• 9:58
  For instance, the market demand for such robots might not
• 10:02
  parallel the demand for smartphones, which are
• 10:04
  significantly cheaper cars. A more comparable product C
• 10:09
  annual sales of about 100 million units.
• 10:12
  Due to their higher price points, Chanos and others
• 10:16
  contend that Musk's estimates imply a market cap approaching
• 10:19
  1/3 of the world's total annual economic output, a highly
• 10:24
  improbable scenario. Musk's previous prediction of
• 10:28
  reaching 20 million EV sales by 20-30, which would surpass the
• 10:32
  combined output of the two largest carmakers globally, was
• 10:36
  based on replacing 1% of the two billion cars currently on the
• 10:40
  road each year. This ambitious target was
• 10:43
  quietly dropped well before the 20-30 deadline, highlighting the
• 10:47
  need for Musk to produce more realistic projections moving
• 10:51
  forward. In the meantime, Tesla's shares
• 10:54
  surged by 10% on Tuesday, following better than expected
• 10:58
  Q2 delivery numbers. The company delivered 404 Three
• 11:02
  Sound 956 vehicles and produced 410,831 in Q2 2024, surpassing
• 11:09
  analysts expectations of 439,000 deliveries.
• 11:14
  Despite a 4.8% year over year decline in deliveries, this
• 11:19
  represented a 14.8% increase from Q1.
• 11:24
  Tesla groups its deliveries into two categories, Model 3 and
• 11:28
  Model Y vehicles and all other vehicles, but does not report
• 11:33
  numbers for specific models or regions.
• 11:36
  Earlier this year, Tesla reported an 8.5% drop in Q1
• 11:40
  deliveries, marking the 1st annual decline since 2020.
• 11:45
  This was followed by a 13%. Year over year.
• 11:48
  Revenue decrease for the quarter, mainly due to lower
• 11:52
  average selling prices. Now.
• 11:55
  The decline was partly due to temporary factory shutdowns in
• 11:59
  response to an alleged arson attack at Tesla's German factory
• 12:04
  and shipping delays from Red Sea conflicts.
• 12:07
  Additionally, Tesla's aging vehicle lineup and increasing
• 12:10
  competition, particularly from Chinese EV makers, have impacted
• 12:15
  sales. A recent survey attributed part
• 12:18
  of Tesla's brand erosion to CEO Musk's public behavior and
• 12:22
  political statements. To boost sales, Tesla has
• 12:24
  offered various incentives and discounts throughout the year.
• 12:28
  In China, Tesla is offering zero interest loans to encourage
• 12:31
  purchases of the Model 3 and Model Y by the end of July.
• 12:36
  Tesla generated approximately $21.00 and $75 billion from
• 12:41
  China in 2023, accounting for 22.5% of its total sales.
• 12:47
  However, Wells Fargo analyst Colin Langan advised selling
• 12:51
  Tesla shares, citing declining delivery growth driven by lower
• 12:56
  demand and diminished return on price cuts.
• 13:01
  Now, Wells Fargo anticipates a decrease in Tesla's automotive
• 13:05
  gross margins, excluding environmental credits, due to
• 13:08
  more price cuts and lower volumes.
• 13:11
  Investors are now focusing on Tesla's Q2 earnings report later
• 13:14
  this month and a marketing event in August, where the company
• 13:18
  plans to unveil its design for a dedicated robotaxi or cyber cab.
• 13:22
  While Tesla continues to explore new technologies and markets, it
• 13:26
  faces stiff competition, especially in battery
• 13:29
  production. LG Energy Solution aims to
• 13:32
  commercialize a new dry coating technology by 2028, which could
• 13:37
  significantly reduce production costs.
• 13:39
  This innovation could position LG as a strong competitor to
• 13:43
  Chinese battery manufacturers and potentially challenge
• 13:46
  Tesla's market position. Tesla's stock surged over 6% on
• 13:57
  Monday morning, extended gains that have driven the electric
• 14:00
  vehicle manufacturer shares up by about 19% in the last month
• 14:04
  now. The reasons?
• 14:05
  Behind Tesla's continuing stock climb are multifaceted, with one
• 14:09
  notable speculation. Linking.
• 14:11
  The increase to Elon Musk's recent decision to follow Uber
• 14:16
  founder on social media clinic, who left Uber in 2017, is known
• 14:23
  for his role in developing a successful ride sharing platform
• 14:26
  which aligns with Tesla's long. Term ambitions.
• 14:30
  For its Robo Taxi platform. Now, Tesla plans to unveil its
• 14:34
  Robo Taxi on August 8th of 2024, and Musk's connection to Colonic
• 14:39
  has sparked theories that Tesla might benefit from the insights
• 14:43
  or involvement with the platform, although this remains
• 14:47
  very speculative. Now, beyond this, other factors
• 14:49
  are contributing to Tesla stock gains.
• 14:51
  Notably, the Chinese electric vehicle market has shown
• 14:54
  substantial year over year growth, bolstering investor
• 14:57
  confidence in Tesla's performance.
• 14:59
  Chinese EV manufacturer BYD, which often matches Tesla's
• 15:03
  delivery figures, reported 426,000 deliveries in the second
• 15:07
  quarter. Now, this has led to speculation
• 15:09
  that Tesla's Q2 delivery numbers might be similar.
• 15:13
  Our analysts are divided on Tesla's quarterly performance.
• 15:16
  While some expect a decrease from quarter 2/20/23, others
• 15:19
  anticipate an increase from quarter 1/20/24, reflecting
• 15:22
  mixed settlement on Wall Street. And the consensus among analysts
• 15:26
  is that Tesla's Q2 deliveries will reach around 438,019
• 15:31
  vehicles. Now this figure falls short of
• 15:33
  the 1,000,000 vehicles some had hoped for in the first half of
• 15:36
  the year. And Tesla's growth trajectory is
• 15:39
  poised between its current production capabilities and the
• 15:42
  potential of its next generation platform and robotaxi, which
• 15:46
  could drive future growth. The company's ability to meet
• 15:49
  its projected timelines for these initiatives is very
• 15:52
  crucial as delays have been a challenge for Tesla in the past.
• 15:56
  And also in related news, Elon Musk has been promoting the
• 16:01
  development of AI chatbot Grok, which is expected to train on a
• 16:05
  significant number of NVIDIA each 100 GPUs.
• 16:09
  And Musk announced that Grok 3 would be something special after
• 16:13
  training on 100,000 NVIDIA each 100 GPUs, each value between
• 16:17
  30,000 and $40,000. While it's unclear how many of
• 16:22
  these GPUs were purchased outright by Musk's companies,
• 16:25
  there are possibilities of renting GPU compute from cloud
• 16:29
  service providers. Reports indicate the Musk's XAI
• 16:32
  startup was negotiating with Oracle to spend $10 billion over
• 16:36
  multiple years on cloud servers, adding to the complexity of the
• 16:40
  GPU strategy. And Musk's companies have a
• 16:43
  history of acquiring NVIDIA H1 hundreds, with Tesla reportedly
• 16:47
  diverting $500 million shipment of these chips to X, formerly
• 16:51
  known as Twitter. Now, the training of Grok 3 on
• 16:54
  100,000 GPUs is a significant increase from the 20,000 GPUs
• 16:59
  used for Grok 2. And that's the scale of XAI.
• 17:03
  Grok One and Grok 1.5 have been released, with Grok 2 expected
• 17:07
  in August, followed by Grok 3 by the end of the year, according
• 17:11
  to Musk. And the intense competition of
• 17:14
  AI talent is evident as companies like Meta are also
• 17:18
  heavily invested in NVIDIA 100 GPUs now.
• 17:21
  Meta plans to purchase around 35 or 350,000 H 100 GPUs by the end
• 17:27
  of 2024, indicating fierce rivalry in the AI development
• 17:31
  territory. And the high demand for H100
• 17:34
  GPUs has led to aggressive recruiting tactics as
• 17:37
  illustrated by EI Started Perplexity CEO who noted the
• 17:42
  challenge of hiring top talent from Meta and also another
• 17:46
  development, Elon Musk praised NVIDIA CEO Jensen Wong for their
• 17:51
  leadership style and his hands on approach of engagement with
• 17:55
  employees. And Huang Co founded NVIDIA at a
• 17:58
  Denny's restaurant in San Jose in 1993 and has guided the
• 18:02
  company to its current status as a leading AI chip manufacturer.
• 18:07
  And their personal story from dishwasher to CEO reflects his
• 18:11
  commitment to hard work and his philosophy that no task is
• 18:14
  beneath him, as highlighted in his recent interviews.
• 18:18
  Now, Nvidia's impressive performance with year to date
• 18:21
  return of about 151% places it at the forefront of the
• 18:25
  magnificent 7A group of influential tech companies.
• 18:29
  And the stockpiling of AI chips in the competition to secure top
• 18:32
  AI talent is high stakes right now.
• 18:36
  AI development race is happening and Tesla and Meta are pushing
• 18:40
  the boundaries of that technology.
• 18:45
  The United States Department of Justice is preparing to charge
• 18:48
  Boeing with fraud, giving the aerospace giant a choice between
• 18:51
  pleading guilty or facing a trial.
• 18:54
  The decision must be made by the end of the week, according to
• 18:57
  sources familiar with the situation.
• 18:59
  The DOJ has also indicated that Boeing would need to pay a fine
• 19:03
  and hire a corporate monitor if it chooses to plead guilty.
• 19:07
  The DOJ informed families of victims of two fatal 737 Max
• 19:12
  crashes and their attorneys about the impending charges
• 19:15
  during a meeting on Sunday. These crashes, involving Lion
• 19:19
  Air Flight 610 and Ethiopian Airlines Flight 302, resulted in
• 19:24
  the deaths of 346 people. The DOJ, officials from the
• 19:28
  Fraud Section and the US Attorney's Office for the
• 19:31
  Northern District of Texas attended this meeting.
• 19:34
  Both the DOJ and Boeing have declined to comment on the
• 19:37
  situation. However, Bloomberg previously
• 19:40
  reported that Boeing has been in discussions with the department
• 19:43
  to resolve potential charges related to the crashes, which
• 19:46
  are expected to include the appointment of a corporate
• 19:48
  monitor. A guilty plea to criminal
• 19:51
  charges would mark a significant downturn for Boeing, a company
• 19:55
  historically known for its cautious and methodical
• 19:58
  approach. Such a plea raises concerns
• 20:01
  about Boeing's ability to secure future U.S. government
• 20:05
  contracts, especially as its commercial airplane business
• 20:09
  faces significant financial challenges.
• 20:12
  The DOJ's move follows its determination that Boeing
• 20:16
  violated a 2021 deferred prosecution agreement.
• 20:20
  This agreement, made in the final days of the Trump
• 20:23
  administration, allowed Boeing to avoid criminal prosecution by
• 20:27
  meeting certain conditions, including the implementation of
• 20:30
  an effective compliance program. However, in May, the DOJ
• 20:34
  concluded that Boeing failed to meet the requirement for an
• 20:37
  effective compliance program to prevent and detect violations of
• 20:43
  US fraud laws. Boeing has contested this
• 20:46
  finding, asserting that it has honored the terms of the
• 20:50
  agreement. The breach announcement came
• 20:53
  after a fuselage panel blew off a Boeing jet operated by Alaska
• 20:57
  Airlines mid flight in January. Investigations revealed that the
• 21:02
  plane was missing 4 bolts meant to secure a door plug, leading
• 21:06
  to scrutiny over Boeing's manufacturing and quality
• 21:09
  control processes. The Mid Air incident has since
• 21:12
  caused significant turmoil for Boeing.
• 21:15
  The company's shares have dropped by about a third this
• 21:17
  year, and it is expected to burn through approximately $8 billion
• 21:22
  in cash during the first half of this year due to a slowdown in
• 21:26
  production following the incident.
• 21:28
  In response to the January accident, the Federal Aviation
• 21:32
  Administration FAA imposed restrictions on the production
• 21:36
  of the 737 Max and required Boeing to submit a comprehensive
• 21:41
  plan to address the quality issues at its factories.
• 21:46
  This incident has intensified regulatory and legislative
• 21:49
  scrutiny of Boeing. Concurrently, Boeing is
• 21:52
  undergoing a leadership transition as it searches for a
• 21:56
  new CEO to replace Dave Calhoun, who plans to step down later
• 22:01
  this year. This leadership change comes at
• 22:03
  a critical time as the company navigates these legal and
• 22:08
  operational challenges. Under the 2021 deferred
• 22:12
  prosecution agreement, Boeing paid a $243 million criminal
• 22:17
  fine and admitted to deceiving the FAA about an important
• 22:21
  feature of the 737 Max that affected the flight control
• 22:25
  system. Boeing also committed to
• 22:28
  improving its internal safety controls and submitting regular
• 22:33
  reports to the DOJ. The recent developments,
• 22:36
  including the door plug blowout and subsequent investigations,
• 22:40
  have led the DOJ to consider revoking the deferred
• 22:43
  prosecution agreement. This potential revocation could
• 22:47
  have serious consequences for Boeing, leading to renewed
• 22:50
  criminal charges. The DO JS offer of a plea deal
• 22:54
  includes a fine of approximately 244 million hours, three years
• 23:00
  of probation and oversight by an external monitor.
• 23:04
  Paul Cassell, an attorney representing 15 families of
• 23:06
  crash victims, has criticized the deal as a sweetheart deal
• 23:12
  that fails to hold Boeing adequately accountable.
• 23:16
  Castle has expressed strong objections to the plea deal,
• 23:19
  stating the deal will not acknowledge in any way that
• 23:23
  Boeing's crime killed 346 people.
• 23:26
  It also appears to rest on the idea that Boeing did not harm
• 23:29
  any victim. He emphasizes that the families
• 23:33
  of the victims demand more justice than what the proposed
• 23:36
  deal offers. Boeing has until the end of the
• 23:40
  week to accept or reject the plea deal.
• 23:43
  If the plea deal is accepted, U.S.
• 23:45
  District Judge Reed O'Connor would be unable to increase
• 23:48
  Boeing sentence or impose additional punishment for
• 23:51
  conviction, according. To Cassell.
• 23:53
  Boeing CEO Dave Calhoun faced intense questioning from from
• 24:00
  set from senators earlier this month regarding the settlement
• 24:04
  and other safety concerns during a Homeland Security subcommittee
• 24:09
  hearing. During the hearing, Calhoun
• 24:12
  apologized to the families of the crash victims, reaffirming
• 24:17
  Boeing's commitment to safety and quality.
• 24:20
  On the day following the hearing, families of crash
• 24:23
  victims sent a letter to the DOJ urging federal prosecutors to
• 24:27
  pursue aggressive criminal prosecution against Boeing.
• 24:30
  They argue that the severity of Boeing's crime justifies a
• 24:34
  maximum fine exceeding 24 billion, although they
• 24:39
  acknowledge that some funds could be directed towards safety
• 24:42
  improvements. The DO JS current offer to
• 24:45
  Boeing has provoked anger and disappointment among the victims
• 24:49
  families and their attorneys. Aaron Applebaum, another
• 24:52
  attorney for the families, has criticized the proposal as
• 24:55
  shameful and inadequate in recognizing the dignity of the
• 24:59
  victims. Boeing's troubles were
• 25:02
  compounded when, in January, a 737 Max 9 aircraft experienced a
• 25:07
  door blowout mid flight, creating a hole in the side of
• 25:10
  the plane and necessitating an emergency landing.
• 25:13
  The FAA temporarily grounded Boeing and conducted an
• 25:17
  investigation that revealed significant safety and
• 25:20
  manufacturing issues at Boeing. Amid these ongoing challenges,
• 25:25
  Boeing has reportedly agreed to acquire Spirit Aero Systems, a
• 25:29
  key supplier, in a deal valued at over $4 billion.
• 25:33
  This acquisition is seen as part of Boeing's efforts to stabilize
• 25:37
  its supply chain and address production challenges.
• 25:40
  The DO JS proposed plea deal and Boeing's response to it will be
• 25:44
  closely monitored, as it holds significant implications for the
• 25:48
  company's future operations and its relationship with federal
• 25:51
  regulators. The outcome of the situation
• 25:54
  will likely influence how Boeing navigates its ongoing legal and
• 25:59
  operational hurdles. Welcome to AI Update, where we
• 26:03
  explore the latest advancements in artificial intelligence with
• 26:06
  insights into open AI. Google, Gemini, generative AI,
• 26:10
  machine learning, and more. Now let's learn together.
• 26:13
  I'm your host, Will Walden, the CEO of NVIDIA.
• 26:18
  Jensen Wong believes that an effective leader must be willing
• 26:22
  to put their hands in the dirt and get dirty.
• 26:26
  Now, his leadership philosophy is deeply rooted in his early
• 26:29
  experiences. He has a teenage busboy at
• 26:33
  Denny's where he performed a variety of menial tasks
• 26:36
  including washing dishes and cleaning toilets.
• 26:39
  Now Wong who is the Co founder of NVIDIA.
• 26:42
  A company that's worth 3. Point $1 trillion.
• 26:46
  Imagine this. He's been in a Denny's booth
• 26:49
  now. Despite his current net worth of
• 26:51
  about $108 billion, Wong credits his humble beginnings for
• 26:56
  shaping his approach to leadership.
• 26:58
  In a March interview at the Stanford Graduate School of
• 27:01
  Business, he said that no task is beneath him.
• 27:05
  He reflected on his time as a dishwasher and also a toilet
• 27:08
  cleaner. And he said that these
• 27:10
  experiences instilled the sense of humility and a strong work
• 27:14
  ethic in him. He told the students there.
• 27:17
  I mean, I cleaned a lot of toilets.
• 27:20
  I've cleaned more toilets than all of you combined.
• 27:22
  And some of them you just can't Unsee.
• 27:25
  And everybody laughed at that point.
• 27:27
  And his willingness to take on any task, regardless of how
• 27:30
  trivial, is a principle he carries into his role as the
• 27:33
  CEO. His approach to leadership
• 27:36
  involves a readiness to assist employees with any task if it
• 27:40
  contributes to the company's success.
• 27:41
  He said. If you send me something and you
• 27:44
  want my input on it and I can be a service to you, and in my
• 27:47
  review of it, share with you how I reasoned through it, I've made
• 27:51
  a contribution to you. Which is a weird thing to say
• 27:54
  for a leader. Most leaders are considered
• 27:58
  day-to-day operate operators. They don't really mingle with
• 28:02
  the with the masses, but he's a separate kind of fellow and he's
• 28:06
  working well with his team. He's a team player there now,
• 28:09
  known for his hands on management style.
• 28:12
  He's often described by employees as demanding and also
• 28:15
  a perfectionist. But he requests weekly updates
• 28:18
  from employees on their top five tasks and personally engages
• 28:21
  with them to provide feedback and guidance to move forward
• 28:24
  with their careers. And a New Yorker profile
• 28:27
  detailed Wong's practice of visiting employees desks to
• 28:30
  discuss their projects. It's direct engagement.
• 28:33
  It's part of his strategy to improve company performance and
• 28:36
  help employees grow by sharing his thought processes and his
• 28:39
  reasoning. He shared at Stanford again that
• 28:42
  he finds personal fulfillment in teaching others how to approach
• 28:45
  problems strategically, he said. I show people how to reason
• 28:48
  through things all the time. Strategy things, how to forecast
• 28:52
  something, how to break a problem down.
• 28:54
  You're empowering people all over the place.
• 28:57
  To manage his workload effectively, he aims to complete
• 28:59
  his most complex tasks early in the day.
• 29:02
  This allows him to remain available to his team throughout
• 29:04
  the day, and he shared his practice during a commencement
• 29:07
  speech at the California Institute of Technology.
• 29:10
  But unlike many CEOs who limit their direct reports to a small
• 29:14
  group, he prefers having around 50 direct reports.
• 29:19
  He believes this structure reduces organizational layers
• 29:22
  and facilitates better communication and decision
• 29:24
  making within NVIDIA, he explained to CNBC.
• 29:27
  Now they're having more direct. Reports.
• 29:30
  Helps maintain a fluid flow of information within the company.
• 29:34
  He believes that this approach enables him to lead more
• 29:37
  effectively and support his employees success.
• 29:40
  Now at Stanford, he articulated that the CE OS role is to
• 29:43
  inspire, empower and support their employees.
• 29:47
  He said those are the reasons why the management team exists
• 29:50
  in service of all the other people that work at the company
• 29:55
  now. Elon Musk, known for his own
• 29:57
  rigorous work ethic and hands on leadership of Tesla and SpaceX,
• 30:01
  praised him. Musk accommodation came after
• 30:04
  watching a video clip discussing his early work experiences at
• 30:07
  Denny's and he echoed the sentiment.
• 30:10
  He said absolutely the right attitude.
• 30:13
  He recounted his efforts during the COVID-19 pandemic to ensure
• 30:16
  his factories and offices had sufficient toilet paper
• 30:19
  highlighted a shared philosophy of handling menial tasks.
• 30:23
  Personally, Musk has previously demonstrated his commitment to
• 30:26
  understanding his employees challenges by sleeping on the
• 30:29
  factory floor at Tesla, he explained in a 2018 interview.
• 30:32
  The reason I slept on the floor was not because I couldn't go
• 30:35
  across the road and be at a hotel, it was because I wanted
• 30:38
  my circumstances to be worse than anyone else of the company.
• 30:42
  Musk's. Admiration for a while may also
• 30:44
  be tied to their intertwined business interests.
• 30:47
  With Tesla's ambitions and self driving tech secured, an
• 30:50
  Invidia's high-powered chips is critical, and Wang acknowledged
• 30:55
  Tesla's leadership in autonomous vehicles, indicating a mutual
• 30:58
  respect. And despite their occasional
• 31:01
  disagreements, such as Musk's skepticism about the ease of
• 31:04
  creating neural networks with NVIDIA chips, both leaders share
• 31:07
  a relentless drive for progress. Now the CEO of Perplexity AI
• 31:13
  highlighted this trait, using Musk as an example of overcoming
• 31:16
  obstacles through determination and working hard to get things
• 31:19
  done. But Huang's unconventional
• 31:22
  management style, including avoiding unnecessary one-on-one
• 31:25
  meetings, is designed to maintain agility and quick
• 31:28
  information flow within his company of NVIDIA.
• 31:31
  This approach has garnered approval from Musk and other
• 31:34
  high level CE OS, and they reflect the shared commitment to
• 31:38
  effective leadership. Now this philosophy that no task
• 31:42
  is beneath the leader continues to guide his actions and inspire
• 31:46
  employees his ability to show that he's still connected with
• 31:49
  every level of the company and with every employee from direct.
• 31:53
  Reports to frontline workers. Exemplifies his hands on
• 31:56
  approach and his dedication to the company of NVIDIA.
• 32:04
  So TikTok is preparing to introduce a new AI chat bot
• 32:09
  named Genie to Western users based on a recent US trademark
• 32:13
  filing. This development represents Tik
• 32:15
  Tok's effort to enhance user interaction through artificial
• 32:18
  intelligence, allowing users to post questions and receive
• 32:22
  immediate responses. And in addition, TikTok has
• 32:25
  started allowing creators to download their videos without a
• 32:28
  watermark, simplifying content repurposing across phrase
• 32:31
  platforms. Now, a report from Semaphore
• 32:35
  said that TikTok has filed a trademark for the name Genie for
• 32:38
  its upcoming AI chatbot tool. The chat bot is expected to
• 32:42
  provide various functionalities including simulating
• 32:45
  conversations, facilitating interactions between humans and
• 32:49
  AI, and producing human like speech and text.
• 32:54
  In May in the US, the viral video app filed the trademark
• 32:58
  The Name. Genie.
• 32:59
  For an AI chat bot software that will, among other functions,
• 33:02
  simulate conversations, facilitate interaction and
• 33:06
  communication between humans and AI, and produce human like
• 33:10
  speech and text. Now Tiktok strategy involves
• 33:14
  transforming the A into a central hub for all of its AI
• 33:18
  functionalities, with the Genie chat bot acting as a connector
• 33:21
  to different features within the A.
• 33:23
  This move aims to integrate multiple AI tools into a single
• 33:27
  user friendly interface. And the development of this chat
• 33:32
  bot isn't new. In May of the previous year,
• 33:34
  users in the Philippines had access to a chat bot named
• 33:38
  Takeo. However, Takeo was primarily
• 33:40
  designed to help users discover other videos within the app,
• 33:44
  rather than addressing complex queries.
• 33:47
  Now, the Genie chat bot is anticipated to be much more
• 33:50
  advanced and incorporating a broader range of AI capabilities
• 33:54
  within Tiktok itself. It's a significant upgrade to
• 33:58
  Takeo, aiming to deliver a comprehensive AI experience.
• 34:04
  Now the key feature for this could be conversations between
• 34:08
  creators and also people that follow them.
• 34:11
  So instead of just comments, imagine asking the creator a
• 34:15
  question and the AI version of the creator would answer your
• 34:20
  question right there. It takes a lot of time.
• 34:23
  I do YouTube as well and it takes a lot of time to answer
• 34:26
  every single question, every single comment.
• 34:28
  Last video that I had had 512 comments on it.
• 34:32
  There's no way I could answer every single one of those
• 34:35
  comments. So an AI chat bot between the
• 34:38
  users and also the content creators is going to be a
• 34:44
  significant jump forward. Now, I can see in the future
• 34:48
  that AI could take over from not just a chat bot, but something
• 34:53
  like you ask the creator a question and in the creator's
• 34:57
  voice, the chat bot answers you. And you might have to pay for
• 35:01
  that. You might have to become a
• 35:02
  premium member or something like that.
• 35:05
  And that could be a future feature that people could be
• 35:09
  using on Tiktok. And one key component of this
• 35:13
  integration is the generative AI search function available in the
• 35:19
  Chinese version of Tiktok too. The feature enhances discovery
• 35:23
  both within and beyond the app, and Genie is expected to include
• 35:26
  similar capabilities. The US patented Trademark Office
• 35:30
  filing from May outlines that the chat bot will facilitate
• 35:34
  interaction and communication between humans and AI, simulate
• 35:38
  conversations and produce human like speech and text.
• 35:42
  So the creator may record their voice and then repeat whatever
• 35:47
  the chat bot says to the user to the end user.
• 35:51
  It's a huge broad scope for this new tool, but Tiktok hasn't
• 35:55
  commented on the specifics of Genie.
• 35:58
  However, the company's well known AI powered algorithm
• 36:01
  combined with this generative AI tool suggests that Genie will be
• 36:05
  a robust addition to its suite of AI features.
• 36:09
  Now more AI from Tiktok is coming.
• 36:13
  They have tested AAI recommendation chat bot called
• 36:17
  Takeo, of course, in the past, and the company has also been
• 36:20
  using Open AI's code to develop its own large language models.
• 36:24
  Earlier this month, TikTok revealed other new AI
• 36:28
  capabilities for its advertising partners, including digital
• 36:31
  avatars and AI dubbing. These enhancements reflect the
• 36:34
  company's ongoing investment in AI technology to support various
• 36:39
  functions within the app. So if you're an advertiser on
• 36:42
  TikTok, you can make an AI avatar.
• 36:46
  You never have to record anything yourself.
• 36:49
  You don't need a studio. You just have AAI version of you
• 36:52
  that does all the selling for you.
• 36:55
  Now, the trademark filing for Genie suggests that the AI
• 36:58
  initiatives at Tiktok are expanding.
• 37:01
  The chatbot aims to offer more than just recommended searches.
• 37:04
  And it's going to be more comprehensive.
• 37:07
  And these advancements come a bit challenges right now,
• 37:09
  including the potential for divestment from its parent
• 37:12
  company, Bike Dance, or a ban in the US by early of 2025.
• 37:17
  If Tiktok is banned, all this could be for no reason.
• 37:22
  And the Biden administration has expressed concerns about
• 37:24
  national security risks posed by Tiktok's Chinese ownership.
• 37:29
  Tiktok is contesting these allegations, arguing that the
• 37:33
  proposed actions are unconstitutional and violate
• 37:36
  First Amendment rights. The legal battle shows that
• 37:39
  there's broad tensions between TikTok, US regulators and China.
• 37:44
  And in other TikTok news, introduce a new future that
• 37:48
  allow creatures creators to download their videos without a
• 37:51
  watermark. Kind of significant if they want
• 37:53
  to share these videos across different platforms.
• 37:57
  It's a welcome change by many users who have previously been
• 38:00
  restricted from repurposing content because of the TikTok
• 38:03
  watermark. And the absence of the watermark
• 38:06
  makes it easier for creators to reuse short form clips across
• 38:09
  different platforms. A screenshot from the app shows
• 38:12
  a prompt asking users to choose between saving videos with or
• 38:16
  without a watermark. Users can save watermark free
• 38:18
  videos by selecting the save option during the upload
• 38:21
  process. The update allows users to
• 38:24
  repost their content on other platforms like Instagram,
• 38:29
  Facebook also on YouTube, provided they share it on Tiktok
• 38:34
  first. Ensures Tiktok continues to
• 38:37
  receive user generated content first while enabling creators to
• 38:40
  benefit from sharing across multiple social media channels.
• 38:45
  Previously uploaded videos with watermarks on platforms like
• 38:48
  Snap or Instagram often resulted in restrictions.
• 38:51
  Similarly, YouTube might limit such content across its Shorts
• 38:55
  platform. The new feature simplifies the
• 38:57
  process of reposting content on different apps.
• 39:01
  Now, Since the start of 2024, Tiktok has permitted users to
• 39:04
  download clips without watermarks.
• 39:06
  The recent change, which requires users to post on Tiktok
• 39:09
  first, aims to prevent users from leveraging Tiktok's editing
• 39:12
  tools exclusively for other platforms.
• 39:17
  Expert experts suggest that the water free or watermark free
• 39:20
  downloads could previously be achieved using the Cap Cut app,
• 39:24
  Tiktok's video editing tool. However, the new feature
• 39:28
  streamlines the process for those who prefer not to use
• 39:31
  additional apps for editing. It's a simplified workflow for
• 39:35
  creators. I'm a creator myself, so I would
• 39:37
  love to be able to use one app's editing software, edit
• 39:41
  everything and then use it everywhere.
• 39:44
  It's kind of difficult. So what I usually end up doing
• 39:47
  is creating something and import it into my computer.
• 39:51
  I edit it there and then I can send it out to all the different
• 39:54
  apps. So in addition to Genie, TikTok
• 39:58
  launched a creative content suite named Symphony.
• 40:00
  Powered by generative AI, the suite includes tools like
• 40:04
  Symphony Assist, Symphony Creative Studio, Symphony
• 40:07
  digital avatars and optimizations In TikTok Ads
• 40:11
  Manager. The Symphony Creative Studio is
• 40:13
  a notable feature. And also allows users to create
• 40:16
  short clips from an existing asset or a product URL.
• 40:20
  And the AI engine generates custom video previews,
• 40:23
  simplifying the creative process for marketers and also for
• 40:27
  content creators. These features also include the
• 40:30
  ability to turn scripts into voiceovers that can be dubbed
• 40:33
  into multiple language so we can reach the whole globe.
• 40:37
  Videos created using this feature will be automatically
• 40:39
  labeled as AI generated to maintain transparency.
• 40:44
  Now, there's a little bit of related news here through Apple
• 40:49
  and Google. Bloomberg reported that Apple
• 40:53
  might integrate Google's Gemini chat bot into all of its
• 40:56
  devices. So not only are you going to get
• 41:00
  ChatGPT and Open AI, which Apple just announced, and also Apple
• 41:05
  Intelligence, but you could get Google's AI Gemini, their chat
• 41:10
  bot, on your iPhone. It would follow Apple's strategy
• 41:14
  of enhancing its AI capabilities by collaborating with other tech
• 41:17
  giants, and it'll be integrated right on the phone.
• 41:21
  It's not a separate app. So Apple senior VP of Software
• 41:24
  Engineering confirmed that Google Gemini would be
• 41:26
  incorporated into the Apple Intelligent suite of AI
• 41:30
  features. It's important for Apple to have
• 41:33
  AI now. They have to compete with all
• 41:35
  the other AI companies out there.
• 41:38
  And considering that AI is going to take over all of the tech
• 41:43
  world, they need to jump on board.
• 41:45
  So having Gemini and ChatGPT is a significant move for Apple.
• 41:51
  The AI enhanced Siri will prompt users to use ChatGPT or other AI
• 41:56
  models like Gemini if they provide better responses to user
• 41:59
  queries. Now, the integration aims to
• 42:01
  improve the overall functionality and responsiveness
• 42:04
  of Apple's virtual assistant. So Siri right now is very
• 42:08
  limited. It sometimes it just doesn't
• 42:12
  know what to do. You could ask it a question.
• 42:14
  I ask my Siri questions all the time.
• 42:15
  It has no idea what I'm talking about.
• 42:17
  Or it tells me to go to the web to look at a, a web page.
• 42:21
  And I just want an answer, you know, and I'm sure you do too.
• 42:25
  You just want Siri to tell you what's up.
• 42:27
  So sometimes, you know, Amazon's Alexa does the same thing.
• 42:33
  And this is where Apple can pull ahead of Amazon in the device
• 42:37
  category. Same with Google's assistants.
• 42:41
  They do the same thing. They just, they might not know
• 42:43
  what a thing is. So they'll just be like, here's
• 42:45
  a web page and you're like, hey, I don't, I'm not near the
• 42:49
  screen. You know, you'd use your home,
• 42:52
  your Google Home. And it's like, hey, I'm not near
• 42:55
  a screen. I can't go get that.
• 42:56
  And so it'll send a text to you with a link and it's like, it's
• 43:00
  just like 3 extra steps to do it.
• 43:02
  I'd rather the device just say, oh, here I this is what I got
• 43:06
  from Gemini. Here's what I got from ChatGPT.
• 43:08
  Here's what I got from any other AI app out there, any other chat
• 43:12
  bot. So make your own decision.
• 43:15
  Which one do you want to use? And this is a really good move
• 43:17
  from Apple. Instead of creating their own,
• 43:20
  they're using and integrating other people's software like
• 43:22
  they've done for a long time into their own software like
• 43:26
  Google Maps. Think of that.
• 43:27
  Google Maps is, you know, for for a while it was integrated
• 43:31
  with iOS. Now they have Apple Maps, of
• 43:33
  course, which not that good. Sometimes it's OK.
• 43:36
  But Google Maps definitely my my maps of choice.
• 43:40
  So think about it that way. The close garden of Apple is
• 43:47
  becoming a little bit more open by including these other AI chat
• 43:52
  bots and the advancements in AI here.
• 43:57
  They require a certain Apple device, the iPhone 15 Pro or
• 44:00
  newer can only access these features.
• 44:05
  So that the reason for that is because they need processing
• 44:07
  power that can handle the AI capabilities and functionality.
• 44:18
  Hey, thank you so much for listening today.
• 44:20
  I really do appreciate your support.
• 44:22
  If you could take a second and hit this subscribe or the follow
• 44:25
  button on whatever podcast platform that you're listening
• 44:27
  on right now, I greatly appreciate it.
• 44:30
  It helps out the show tremendously and you'll never
• 44:32
  miss an episode. And each episode is about 10
• 44:35
  minutes or less to get you caught up quickly.
• 44:38
  And please, if you want to support the show even more, go
• 44:41
  to patreon.com/stage Zero. And please take care of
• 44:46
  yourselves and each other, and I'll see you tomorrow.