Part 7/10:
The speaker highlights the exponential growth in AI capabilities, specifically in parameters of neural networks. Where Moore's Law previously dictated that transistors double every two years, AI models are now increasing their parameters by a factor of ten annually. This rapid development indicates that autonomous driving won't be a distant dream but could materialize much sooner than skeptics assume.
Seeing Tesla’s progress—such as videos demonstrating the car fully driving itself without human intervention—the investor finds it hard to deny that FSD is not just a dream but a near-term reality. This makes Tesla's current valuation even more perplexing and potentially irrationally low.