Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
In Tesla's latest quarterly update, CEO Elon Musk disclosed ongoing Full Self-Driving (FSD) licensing negotiations with a major automaker, noting the significant engagement from FSD users who have now surpassed 1.3 billion miles driven.
Tesla's FSD Licensing Talks With Major Automaker Progress
Electrek reported that following the release of Tesla's Q1 2024 results, Musk updated the conference call participants on the FSD licensing initiative.
Musk declared that Tesla is "in talks with one major automaker about licensing Full Self-Driving." He added that there is "a good chance" a transaction will be signed this year, although he did not disclose which significant carmaker the EV manufacturer is in talks with.
However, according to Tesla's management, even if a licensing agreement is reached this year, an OEM will probably take three years to incorporate it into a vehicle program.
Tesla intends to provide OEMs with access to its self-driving onboard processors and cameras and the software it sells for $8,000 or $99 monthly.
Milestone Achieved: Tesla FSD Users Exceed 1.3 Billion Miles
As per Teslarati, Tesla FSD users have accumulated 1.3 billion miles, projected to grow significantly as more drivers try out and potentially subscribe to FSD. Tesla alluded to this during their Q1 2024 Update Letter and first-quarter earnings call.
The Future of Autonomous Driving with Tesla's FSD
Tesla stated in its Q1 2024 Update Letter that it is increasingly clear that the best route to autonomy is a vision-based strategy that uses cameras and artificial intelligence. This was supposedly made particularly clear after the release of FSD (Supervised) V12, eventually contributing to Tesla reaching over 1 billion FSD miles overall.
"(FSD's) been pushed out to, I think, around 1.8 million vehicles, and we're seeing about half of people use it so far and that percentage is increasing with each passing week. So, we now have over 300 million miles that have been driven with FSD V12 since the launch of Supervised Full Self-Driving. It's become very clear that the vision-based approach with end-to-end neural networks is the right solution for scalable autonomy," Musk said in the Q1 2024 earnings call.
Photo: Jenny Ueberberg/Unsplash
