Elon Musk Says 'Bring It On' To OpenAI, Microsoft, And Bezos' $675M Humanoid Robot Venture, Pitches Tesla's Optimus As A Challenger
Portfolio Pulse from Rounak Jain
Elon Musk, CEO of Tesla Inc., has expressed his readiness to compete against OpenAI, Microsoft Corp., and Jeff Bezos' investment in Figure AI Inc., which aims to develop the world's first autonomous humanoid robot. Musk highlighted Tesla's Optimus, a humanoid robot in development, as a challenger to Figure's project. Optimus, which has been in development for two years, is expected to perform useful tasks in Tesla factories by 2024, despite not being autonomous yet.
March 01, 2024 | 11:19 am
News sentiment analysis
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NEUTRAL IMPACT
Microsoft's involvement in the $675 million investment in Figure AI Inc. for developing an autonomous humanoid robot positions it as a direct competitor to Tesla's Optimus.
While Microsoft's investment in Figure AI Inc. places it in competition with Tesla's robotics efforts, the direct impact on Microsoft's stock is less clear due to its diversified portfolio and the early stage of the humanoid robot project.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla's Optimus robot, in development for two years, is expected to perform tasks in Tesla factories by 2024. Musk's challenge to competitors highlights Tesla's ambition in robotics.
Musk's public challenge and the development progress of the Optimus robot could generate positive investor sentiment towards Tesla, reflecting the company's innovative edge and potential future revenue streams from robotics.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90