Artificial Intelligence: The Significance of Tesla Bot

Abstract

The rising humanoid robot industry has brought significant interest from the public and treasure seekers who see this industry as the future. Tesla, a leading motor manufacturer and artificial intelligence company, has also joined the competition of humanoid robots by introducing “Optimus.” The service robotics industry, which “Optimus” focuses on, is fast-growing, with approximately 119% growth over the last four years. Compared with its competitors, Tesla has a few advantages. First of all, it has abundant experience in the field as it has accumulated countless data on human behavior through the beta that its Tesla cars have provided over the years. In addition, Tesla has more capital than its competitors. As of September 10th, 2021, Tesla has a market capital of 939 billion dollars. However, Tesla is also known for its overconfidence in its products, as it usually exaggerates the delivery date and the capability of its products. Another obstacle that Tesla faces comes from the industry itself. Admittedly, it is not a mature industry without much experience that Tesla can learn from. As a result, like many of its competitors, Tesla has to develop all of its technologies in-house, leading to the high prices of humanoid robots on the market. However, suppose Tesla is able to develop a complete version of “Optimus” faster and better than its competitors. In that case, it is very likely for Tesla to become the leader in the humanoid robot industry.