Thanks for sharing. Elon has assembled some amazing talents in that team and, in aggregate the AI/ML, software and hardware development capability is incredible. Blew my mind.

He's very explicit that they are developing this capability in house and will consider licencing it to other vehicle manufacturers. But does that mark the end of Data Labelling As A Service more generally? And if so when? I agree that in the long term, it is bad new news for APX. But it will be hard for other player to emulate these capabilities.

If the APX State of AI report is to be believed, then in the short-to-medium term the number of clients are growing and the size of budgets is expanding.

I am very interested to see the next APX results and the narrative around them.  

Overall, I agree with your proposition. It is bad for APX, but over what timescale, I am less than clear.

Just look at the financials. They do not match up with the exponential growth in AI training data demand.  

I said it before and will say it again. THESIS IS BROKEN. IMO to hold on is hoping future innovation will slow...........and it wont. 

Cathie Wood says AI training data costs are dropping 68% pa

Costs are dropping because machines are training machines.....