Faraday Future is nearly out of cash and its long overdue electric vehicle has yet to land in the hands of customers, meaning this is the perfect time for the publicly traded company to jump headlong into the AI machine.
Faraday Future said Tuesday that it will add generative artificial intelligence to its first production car, the FF 91 Futurist. It doesn’t matter that the vehicle has been repeatedly late for years, that three weeks ago Faraday Future was down to its last $30 million and was pushing the delivery date back again, or that the company has jumped from one internal drama to another. None of this matters, because just mentioning the words “generative AI” and the money is sure to pour in.
And what do you know? The stock rose 6.2% after the announcement. Of course, the fundamentals often catch up with even the most astute publicly traded companies. That stock increase may not last.
Faraday Future said it has launched a “Generative AI Product Stack,” which will be integrated into FF 91. The company states that “through this Generative AI Product Stack, the company has integrated its foundational AI capabilities with advanced models such as ChatGPT, GPT -4, and others from companies such as OpenAI and Microsoft”.
If that sentence sounds like the vaporware version of Mad Libs, you wouldn’t be wrong. ChatGPT is a AI chatbot text generator developed by the technology startup OpenAI. The chatbot uses GPT-4, a large language model that uses deep learning to produce human-like text. In February, Microsoft integrated the GPT-4 model into its bing search engine.
Basically, Faraday Future said a bunch of words that mean he plans to use ChatGPT.
The company goes on in the announcement to add that “with this generative AI product stack, the company has the potential to scale to additional advanced generative AI models, bringing extraordinary abilities to users.” Faraday Future does not explain what additional advanced generative AI models mean or what extraordinary abilities will be provided to users. The company said it plans to use generative AI for custom applications such as “complex text and voice queries, image and video generation, stock analytics, live translations, search, entertainment, education, e-commerce, and more.”
It’s worth noting that today’s newer vehicle models are equipped with software that includes natural language processing capabilities, also known as voice assistants that can provide navigation and handle other queries. Generative AI is not required to provide these features.
The first production-built FF 91 vehicle rolled off the assembly line at its facility in Hanford, California, in April. But deliveries to customers have not started yet. faraday future delayed initial deliveries of its FF 91 Futurist EV, the first part of a three-phase plan, until the end of May. The next two phases of production and delivery remain a question mark. Faraday Future said it will need “substantial additional funding” to begin delivery of the second and third phases and is in discussions with additional potential investors.” Faraday Future also has to complete crash tests.
—————————————————-
Source link