A
Elon Musk Full CNBC Interview: "I Created AI"
@ AstraNova
05/17/23
Takeaways
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Elon Musk
05/17/23
@ AstraNova
I believe in listening to shareholders, and I was surprised by the enthusiasm for advertising, even though we haven't historically done that.
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Elon Musk
05/17/23
@ AstraNova
If we're just sending information through the Tesla Twitter account, we're only reaching those who are already convinced, so I think advertising could help us reach a broader audience.
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Elon Musk
05/17/23
@ AstraNova
Advertising should be informative and entertaining; if it meets those criteria, it can approach the level of content that people enjoy watching.
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Elon Musk
05/17/23
@ AstraNova
Many people still think Teslas are super expensive because we started with a high-priced sports car, but now the starting price of a Tesla is below the average selling price of cars in the U.S.
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Elon Musk
05/17/23
@ AstraNova
Tesla's cars are statistically the safest on the road, and we continuously update safety features like automatic emergency braking and airbag deployment.
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Elon Musk
05/17/23
@ AstraNova
The Federal Reserve's interest rate hikes act as a brake on the economy, making things more expensive and affecting consumer spending across the board.
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Elon Musk
05/17/23
@ AstraNova
Tesla has real-time information on demand, allowing us to adjust pricing dynamically based on how many orders we receive each day.
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Elon Musk
05/17/23
@ AstraNova
Tesla is the only car company that believes its cars can achieve full autonomy through a software update, potentially making them five times more valuable than non-autonomous cars.
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Elon Musk
05/17/23
@ AstraNova
An autonomous car could be used as an 'autonomous Uber', significantly increasing its utility from about 10 hours a week to potentially 50 hours a week.
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Elon Musk
05/17/23
@ AstraNova
The Inflation Reduction Act (IRA) has significant advantages for domestic battery production, which is strategically important for the U.S. as we transition to an electric transport economy.
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Elon Musk
05/17/23
@ AstraNova
The IRA includes incentives for battery manufacturing, which require that batteries and their precursors be produced in the U.S., ensuring that we can't game the system.
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Elon Musk
05/17/23
@ AstraNova
Tesla has not had consumer tax credits for several years, but now that we've exceeded the limit for electric vehicle sales, we can benefit from these credits again.
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Elon Musk
05/17/23
@ AstraNova
Currently, our production rate at the Shanghai factory limits our ability to meet demand in the Chinese market, which is a concern for our market share.
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Elon Musk
05/17/23
@ AstraNova
The growing tensions between China and the US should be a concern for everyone.
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Elon Musk
05/17/23
@ AstraNova
China's official policy is that Taiwan should be integrated, and this is a clear stance.
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Elon Musk
05/17/23
@ AstraNova
There's an inevitability to the situation regarding Taiwan that could negatively impact Tesla and other companies globally.
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Elon Musk
05/17/23
@ AstraNova
The Chinese economy and the global economy are interconnected, like conjoined twins, making separation extremely difficult.
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Elon Musk
05/17/23
@ AstraNova
If China takes control of Taiwan, it would severely impact the semiconductor industry, affecting companies like Apple.
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Elon Musk
05/17/23
@ AstraNova
The acquisition of Twitter was challenging due to significant debt and operational issues, likening it to being teleported into a nosediving plane.
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Elon Musk
05/17/23
@ AstraNova
The acceptance rate for jobs at Tesla is lower than that of Harvard, indicating the high demand for positions.
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Elon Musk
05/17/23
@ AstraNova
I had to make widespread cuts at Twitter to control expenses, which unfortunately led to some employees being let go who shouldn't have been.
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Elon Musk
05/17/23
@ AstraNova
I believe people are more productive when working in person, and the notion of working from home is problematic.
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Elon Musk
05/17/23
@ AstraNova
I want Twitter to be a truthful and accurate source of information, functioning as a cybernetic collective mind for humanity.
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Elon Musk
05/17/23
@ AstraNova
Community notes serve as an error correction mechanism on Twitter, encouraging users to provide accurate information.
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Elon Musk
05/17/23
@ AstraNova
I believe there was some small amount of fraud in the 2020 election, but it was not enough to change the outcome.
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Elon Musk
05/17/23
@ AstraNova
Some conspiracy theories have turned out to be true, such as the Hunter Biden laptop story, which was suppressed by Twitter.
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Elon Musk
05/17/23
@ AstraNova
The goal of Twitter verification is fundamentally to prevent AI manipulation of the system.
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Elon Musk
05/17/23
@ AstraNova
I don't want to disrupt something for the sake of disruption; it's about creating a better product that improves people's quality of life.
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Elon Musk
05/17/23
@ AstraNova
The current financial system is inefficient, relying on a heterogeneous set of databases and batch processing, which could be improved with a more efficient, real-time data system.
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Elon Musk
05/17/23
@ AstraNova
I think there's a strong probability that artificial general intelligence will make life much better and lead to an age of abundance, but there's also a chance it could go wrong and destroy humanity. Hopefully, that chance is small but it's not zero.
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Elon Musk
05/17/23
@ AstraNova
I think we should take actions to minimize the probability that AI goes wrong, which is why I called for a pause in AI development.
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Elon Musk
05/17/23
@ AstraNova
Tesla has tremendous capability in real-world AI and is very far ahead of anyone else in the field.
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Elon Musk
05/17/23
@ AstraNova
I believe that if Tesla were tasked with creating a large language model, it would outperform existing models like ChatGPT, given our computing power and resources.
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Elon Musk
05/17/23
@ AstraNova
I funded OpenAI with around 50 million dollars, intending it to be an open-source, non-profit organization to counter the closed-source, for-profit model of companies like Google.
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Elon Musk
05/17/23
@ AstraNova
It's concerning that OpenAI transformed from a non-profit to a for-profit entity, which seems contradictory to its original mission.
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Elon Musk
05/17/23
@ AstraNova
I advise my children to follow their hearts in what they find interesting and fulfilling, and to try to be as useful as possible to society.
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Elon Musk
05/17/23
@ AstraNova
If we reach a point where AI can do everything, we need to consider how we find fulfillment and meaning in life when machines can perform our jobs better than we can.