Elon Makes a Bold Prediction for SpaceX's AI Future
SpaceX has been investing heavily in AI, and Musk believes its AI model will be in the "pole position" in the not-too-distant future.
Overview
Space Exploration Technologies Corp (NASDAQ:SPCX) went public in June, and while it's been a bit of a bumpy ride since then for the space stock, its valuation still hovers around $2 trillion, which is massive given that the company, which more commonly goes by just SpaceX, remains unprofitable.
While it's known for its rockets and ambitions in space, artificial intelligence (AI) is a massive focus for the business. In the company's S-1 filing, it outlined AI as accounting for the bulk of its total addressable market, as it totaled an estimated $26.5 trillion, versus just $370 billion for space.
Details
AI is a huge focus for SpaceX. That includes sending data centers into space and also developing AI models. And when it comes to the latter, CEO Elon Musk recently made a very bold prediction.
Source
Originally published at www.fool.com.