10 AI News Investors Shouldn’t Miss

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5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. On December 19, Reuters reported that Tesla is in conversation with authorities in Austin, Texas about its autonomous vehicle technology. The report revealed that a Tesla employee has been in touch with the city’s autonomous vehicle task force to establish vehicle safety expectations since May. Back in October, the company revealed a prototype of Cybercab, a driverless and pedal-less vehicle, at its Hollywood Robotaxi event. Elon Musk also announced at the event that they will be introducing the “unsupervised” version of its driverless technology in Texas and California next year. According to industry experts, Tesla would face fewer challenges in less-regulated states such as Texas. This is because there are almost no restrictions and the regulation of driverless vehicles by cities is explicitly prohibited.

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