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Intel CEO believes autonomous driving data is the new oil
The LA Auto Show may be remembered more for its technologies than the actual cars it showcased. That’s because automakers and technology companies are no longer isolated; instead, they’re part of a new and fascinating picture in which, when it comes to the future of automobiles, “data is the new oil.”
Intel CEO Brian Krzanich, delivering a keynote address at the Automobility LA conference (as part of the LA Auto Show) on Nov. 15, described the confluence of automobiles, data dependence, and connectivity as being equally valuable as an integrated whole as automobiles currently are on oil. Krzanich stated,
“We are in a time when technology is valued not just for the devices it produces, but for the experiences it makes possible. Data has the potential to radically change the way we think about the driving experience: as consumers, as automakers, as technologists, and as citizens of our communities,”
Intel’s interest in self-driving vehicles has grown over the last year after acquiring machine vision company, Itseez, Inc. this past May. With Itseez in its portfolio, Intel is developing algorithms and implementations of computer vision around automobiles, among other applications. Additionally, a partnership with BMW and system-on-a-chip maker and ex-Tesla partner Mobileye may produce an open platform for designing autonomous vehicles.
“It’s not enough just to capture the data,” Krzanich argued. “We have to turn the data into an actionable set of insights to get the full value out of it. To do that requires an end-to-end computing solution from the car through the network and to the cloud — and strong connectivity.”
Krzanich’ keynote speech marks the first time that Intel, the semiconductor conglomerate, has ever had a prominent role at an automobile show. It follows an editorial that he wrote earlier in the year in which he outlined five key points to accelerate Intel’s transformation from a PC company to a company that powers the cloud and billions of smart, connected computing devices. According to Krzanich:
- The cloud is the most important trend shaping the future of the smart, connected world. Virtualization and software are increasingly defining infrastructure in the cloud and data center.
- The many “things” that make up the PC Client business and the Internet of Things are made much more valuable by their connection to the cloud. The Internet of Things encompasses all smart devices – every device, sensor, console and any other client device – that are connected to the cloud. Everything that a “thing” does can be captured as a piece of data, measured real-time, and is accessible from anywhere. The biggest opportunity in the Internet of Things is its ubiquity.
- Memory and programmable solutions such as FPGAs, which are integrated circuits that can be programmed in the field after manufacture, will deliver entirely new classes of products for the data center and the Internet of Things. Breakthrough innovations and products to the cloud and data center infrastructure are revolutionizing the performance and architecture of the data center, with growth for years to come.
- 5G will become the key technology for access to the cloud, providing computing power to a device and connecting it to the cloud makes it more valuable. The example of the autonomous vehicle, with its need for connectivity to the cloud alongside the cloud’s need for machine learning capabilities, requires the most up-to-date algorithms and data sets to allow the vehicle to operate safely. In this way, connectivity is fundamental to every one of the cloud-to-thing segments we will drive.
- Moore’s Law, in which Intel co-founder Gordon Moore in 1965 noticed that the number of transistors per square inch on integrated circuits had doubled every year since their invention, will continue. This concept has fueled the recent technology revolution.
Krzanich elaborated at the Automobility LA conference that autonomous cars may soon utilize sensors from LIDAR, sonar, and radar, as well as GPS and cameras. A single autonomous vehicle could generate approximately 4 terabytes (4,000 GB) of data daily. “Every autonomous car will generate the data equivalent of almost 3,000 people. Extrapolate this further and think about how many cars are on the road. Let’s estimate just 1 million autonomous cars worldwide — that means automated driving will be representative of the data of 3 billion people,” Krzanich said.
The keynote speech augmented an Intel press statement that its Capital division will invest $250 million over the next two years into developing technologies around autonomous vehicles, which are “areas where technology can directly mitigate risks while improving safety, mobility, and efficiency at a reduced cost; and companies that harness the value of the data to improve reliability of automated driving systems.”
Source: Brian Krzanich Editorial
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
