Actually, this looks like a really good bet, all things considered.
The growth for MBLY is great; but valuation is obscene. Then you read someething like this and wonder how MBLY will establish a moat for their software.
Will they become the Tivo of auto-piloted cars?
George Hotz, also known as Geohot, hacked the iPhone in 2007 while he was still in high school. A few years later, he made a similar exploit by hacking the PlayStation and releasing his code online, which resulted in a lawsuit from Sony.
Since then, Hotz had stints at several high-profile tech companies such as Google, Facebook, SpaceX and most recently at the AI firm Vicarious at which he worked as a researcher until last July according to his LinkedIn profile.
Now we learn that Hotz was approached by Tesla to help develop the company’s Autopilot system, according to a video released today by Bloomberg.
Hotz was apparently not a fan of Mobileye’s system and thought he could build a better one by himself. According to Bloomberg, Musk wanted to contract Hotz to develop the system for Tesla or to simply work for the company:
“Frankly, I think you should just work at Tesla. I’m happy to work out a multimillion-dollar bonus with a longer time horizon that pays out as soon as we discontinue Mobileye.”
Hotz replied:
“I appreciate the offer. but like I’ve said, I’m not looking for a job. I’ll ping you when I crush Mobileye.”
Musk answered with his well-known one-word email “OK”.
The now 26-year old hacker decided to found his own company, comma.ai, to develop level 3 autonomous driving systems, which translate into about 99% self-driving.
The fuck?
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Geohot will develop Skynet. Only hope is somebody from the future shows up and FTKs him. Otherwise, enjoy your robot overlords.
the 1st account citron followed on their Twitter account is @ibankcoin4tw
before it was even popular
*x-files music*
The biggest danger to an individual investor are the random and often poorly conceived (and likely self-serving) comments by analysts. How many positions were stopped out by today’s decline? Hate them all.
Still strongly believe that every analyst comment should be accompanied by a rating that shows how often or not the analyst has been right over time. If we can rate restaurants A thru D why can’t we rate analysts. They both are capable of serving shit to consumers.