To investors,
Elon Musk and Tesla unveiled a number of new products last night. These prototypes give us a glimpse into the future and were incredibly compelling.
First, Elon showed off the Tesla humanoid. These machines, called Optimus, walked out into the crowd to mingle with attendees.
Elon claims the bots will be able to “walk your dog, mow your lawn, get the groceries, just be your friend."
As if that was not cool enough, there are multiple videos trending online where people were having unscripted conversations with the bots. This video in particular really shows just how good the technology has become.
Another interesting use case on display for Optimus last night was bartending — you can see the bot exhibiting incredible control with their fingers, playfully joking with the attendees, and easily understanding the social context when it made a mistake.
Pretty impressive. Remember, this is the worse the technology is going to be for the rest of history. It only gets better from here.
Tesla wasn’t exclusively focused on their humanoids during the event. They also unveiled their prototype for the CyberCab, a robotaxi that will be owned by individuals and participate in a fleet that patrols a city offering ride sharing.
The company also announced a larger van that can hold approximately 20 people as well.
It is safe to say that Tesla is probably one of the most ambitious companies in the world. So many people thought of them as a car company for years, but now they are showing what is possible when you push the boundaries of artificial intelligence, machine learning, computer vision, robotics, and other innovative technologies.
It is easy for people to get depressed about the current world we live in. But it takes courageous entrepreneurs like Elon Musk to build a better future for us and our children.
It has been a long time since I have seen a product launch event like Tesla. It was mind-blowing to see how much progress the company is making. It isn’t only on a single product though, they are accelerating progress in various domains. That is what true innovation looks like.
There is one area that no one is talking about this morning that I want to call out. How will the Optimus bots transact with each other? How will these new cars exchange economic value?
My guess is there will be a large uptick in usage for stablecoins as a result of these technologies coming into production. Bitcoin will be for saving economic value and stablecoins will be for spending. The digital rails that stablecoins exist on allow for cheaper and faster transactions.
Think of digital currencies as money for machines.
And if Tesla is building the machines of the future, they likely will be early to embracing the money of machines too. This is something to keep your eye on. If stablecoins become a big winner from the rise of robotics, then every crypto enthusiast will become a robot cheerleader.
I wouldn’t bet against that future.
Hope you all have a great end to your week. I’ll talk to everyone on Monday.
-Anthony Pompliano
Founder & CEO, Professional Capital Management
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