An early prototype of Tesla Inc.’s proposed Optimus humanoid robot slowly and awkwardly walked onto a stage, turned, and waved to a cheering crowd at the company’s artificial intelligence event Friday.
But the basic tasks of the robot with exposed wires and electronics — as well as a later, next-generation version that had to be carried onstage by three men — were a long way from CEO Elon Musk’s vision of a human-like robot that can change the world.
Musk told the crowd, many of whom might be hired by Tesla, that the robot can do much more than the audience saw Friday. He said it is also delicate and “we just didn’t want it to fall on its face.”
Musk suggested that the problem with flashy robot demonstrations is that the robots are “missing a brain” and don’t have the intelligence to navigate themselves, but he gave little evidence Friday that Optimus was any more intelligent than robots developed by other companies and researchers.
The demo didn’t impress AI researcher Filip Piekniewski, who tweeted it was “next level cringeworthy” and a “complete and utter scam.” He said it would be “good to test falling, as this thing will be falling a lot.”
“None of this is cutting edge,” tweeted robotics expert Cynthia Yeung. “Hire some PhDs and go to some robotics conferences Tesla.”
Yeung also questioned why Tesla opted for its robot to have a human-like hand with five fingers, noting “there’s a reason why” warehouse robots developed by startup firms use pinchers with two or three fingers or vacuum-based grippers.
Musk said that Friday night was the first time the early robot walked onstage without a tether. Tesla’s goal, he said, is to make an “extremely capable” robot in high volumes — possibly millions of them — at a cost that could be less than a car, that he guessed would be less than $20,000.
Tesla showed a video of the robot, which uses artificial intelligence that Tesla is testing in its “Full Self-Driving” vehicles, carrying boxes and placing a metal bar into what appeared to be a factory machine. But there was no live demonstration of the robot completing the tasks.
Employees told the crowd in Palo Alto, California, as well as those watching via livestream, that they have been working on Optimus for six to eight months. People can probably buy an Optimus “within three to five years,” Musk said.
Employees said Optimus robots would have four fingers and a thumb with a tendon-like system so they could have the dexterity of humans.
The robot is backed by giant artificial intelligence computers that track millions of video frames from “Full Self-Driving” autos. Similar computers would be used to teach tasks to the robots, they said.
Experts in the robotics field were skeptical that Tesla is anywhere near close to rolling out legions of human-like home robots that can do the “useful things” Musk wants them to do — say, make dinner, mow the lawn, keep watch on an aging grandmother.
“When you’re trying to develop a robot that is both affordable and useful, a humanoid kind of shape and size is not necessarily the best way,” said Tom Ryden, executive director of the nonprofit startup incubator Mass Robotics.
Tesla isn’t the first car company to experiment with humanoid robots.
Honda more than two decades ago unveiled Asimo, which resembled a life-size space suit and was shown in a carefully-orchestrated demonstration to be able to pour liquid into a cup. Hyundai also owns a collection of humanoid and animal-like robots through its 2021 acquisition of robotics firm Boston Dynamics. Ford has partnered with Oregon startup Agility Robotics, which makes robots with two legs and two arms that can walk and lift packages.
Ryden said carmakers’ research into humanoid robotics can potentially lead to machines that can walk, climb and get over obstacles, but impressive demos of the past haven’t led to an “actual use scenario” that lives up to the hype.
“There’s a lot of learning that they’re getting from understanding the way humanoids function,” he said. “But in terms of directly having a humanoid as a product, I’m not sure that that’s going to be coming out anytime soon.”
Critics also said years ago that Musk and Tesla wouldn’t be able to build a profitable new car company that used batteries for power rather than gasoline.
Tesla is testing “Full Self-Driving” vehicles on public roads, but they have to be monitored by selected owners who must be ready to intervene at all times. The company says it has about 160,000 vehicles equipped with the test software on the road today.
Critics have said the Teslas, which rely on cameras and powerful computers to drive by themselves, don’t have enough sensors to drive safely. Tesla’s less capable Autopilot driver-assist system, with the same camera sensors, is under investigation by U.S. safety regulators for braking for no reason and repeatedly running into emergency vehicles with flashing lights parked along freeways.
In 2019, Musk promised a fleet of autonomous robotaxis would be in use by the end of 2020. They are still being tested.
Oil prices initially spiked on Friday due to unconfirmed reports of an Israeli missile strike on Iran.
Prices briefly reached above $90 per barrel before falling back as Iran denied the attack.
Iranian media reported activating their air defense systems, not an Israeli strike.
Oil prices gave up nearly all of early Friday’s gains after an Iranian official told Reuters that there hadn’t been a missile attack against Iran.
Oil surged by as much as $3 per barrel in Asian trade early on Friday after a U.S. official told ABC News today that Israel launched missile strikes against Iran in the early morning hours today. After briefly spiking to above $90 per barrel early on Friday in Asian trade, Brent fell back to $87.10 per barrel in the morning in Europe.
The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported.
Israel’s retaliation for Iran’s missile strikes last week was seen by most as a guarantee of escalation of the Middle East conflict since Iran had warned Tel Aviv that if it retaliates, so will Tehran in its turn and that retaliation would be on a greater scale than the missile strikes from last week. These developments were naturally seen as strongly bullish for oil prices.
However, hours after unconfirmed reports of an Israeli attack first emerged, Reuters quoted an Iranian official as saying that there was no missile strike carried out against Iran. The explosions that were heard in the large Iranian city of Isfahan were the result of the activation of the air defense systems of Iran, the official told Reuters.
Overall, Iran appears to downplay the event, with most official comments and news reports not mentioning Israel, Reuters notes.
The International Atomic Energy Agency (IAEA) said that “there is no damage to Iran’s nuclear sites,” confirming Iranian reports on the matter.
The Isfahan province is home to Iran’s nuclear site for uranium enrichment.
“Brent briefly soared back above $90 before reversing lower after Iranian media downplayed a retaliatory strike by Israel,” Saxo Bank said in a Friday note.
The $5 a barrel trading range in oil prices over the past week has been driven by traders attempting to “quantify the level of risk premium needed to reflect heightened tensions but with no impact on supply,” the bank said, adding “Expect prices to bid ahead of the weekend.”
At the time of writing Brent was trading at $87.34 and WTI at $83.14.
Premier David Eby is warning real estate investors and speculators that his government is tilting the rules toward families seeking homes as it tightens the rules on short-term rentals.
Eby said Thursday that the rule changes on May 1 will limit short-term rental units to within the principal home of a host, but the move isn’t a ban on platforms such as Airbnb if they aren’t used to create de facto hotels from B.C.’s housing stock.
“If there’s a major event [such as a] Taylor Swift concert, a FIFA-like event and somebody wants to rent out their primary residence and go away for the weekend to avoid the crush of the crowds, they can still do that,” Eby said.
The changes were announced by the government last spring, giving those who own short-term rentals a year to conform.
Eby said the changes will allow both the province and local governments to crack down on speculators.
“If you’re flipping homes, if you’re buying places to do short-term rental, if you’re buying a home to leave it vacant, we have consistently, publicly, repeatedly sent the message: Do not compete with families and individuals that are looking for a place to live with your investment dollars.”
Eby made his comments as the province announced new figures gathered in March that showed more than 19,000 entire homes being listed as short-term rentals.
Housing Minister Ravi Kahlon said the new rules also require short-term rental platforms such as Airbnb to share listed property data with the province and local governments.
He said they expect a significant amount of the homes listed on short-term sites to be back in the long-term rental pool.
“Our view is even if half of those units were to come back onto the market, that is substantial,” Kahlon said. “The cost that it takes to build new housing, when you can get even half of the 19,000 back on the market, that’ll make a substantial difference in our communities.”
He said previous efforts to limit short-term rentals are increasing housing supply in some places.
“We’re seeing, already, in many communities that action happening,” Kahlon said. “We have heard many stories of people finding rentals now because of opportunities when it comes to short-term rentals coming onto the market.”
The new principal residence requirement for short-term rentals will allow local governments to request that a platform remove listings that don’t display a valid business licence.
Valid short-term rental hosts will also be required to display a business licence number on their listings if a licence is required by local government.
The new rules will apply to more than 60 B.C. communities, and Kahlon said a compliance enforcement unit will be phased in to help municipalities deal with rule violations.
Much of the monitoring and enforcement, however, will be conducted online through a new rental data portal that will allow local governments to track and request removal of listings from platforms.
“With this new digital portal, local governments will be able to upload, within moments, listings that they believe are operating illegally within their community,” Kahlon said.
The platform will have five days to remove listings that aren’t following the rules, and if they don’t, they will be fined, he said, noting there’s an up-to-$10,000-a-day-per-listing fine for platforms that don’t co-operate.
“We believe that’s enough of a deterrent for the platforms to co-operate with local governments,” said Kahlon
A website launched Thursday for hosts will allow them to get information about their requirements from the province and their municipality, and their responsibility to notify anyone that’s booked.
“Hosts and platforms have a responsibility to notify anyone that’s booking of all the changes that have been coming,” said Kahlon. “They’ve been notified about this since September or October when the legislation has come in, and they’ve had plenty of time to set up their policies to do that.”
The rules do include some exceptions, including some strata hotels and motels operating before last December being exempt if certain criteria are met.
Eby said the overall message to property investors looking for short-term gains is clear: Build homes that people need and government will do all it can to help expedite the process.
“But if you are standing neck and neck with a family that’s looking for a place to live, and you’re trying to do a speculative investment, [while] they’re looking for a place to live, we are going to tilt the deck every single time towards that family,” Eby said. “And we’re gonna keep doing it.”
Eby also said a positive side-effect of short-term rental regulation has been the re-emergence of hotel construction, with 1,400 rooms “in the development pipeline” in Vancouver.
“Those investors in those hotel rooms weren’t able to make the decision to proceed,” Eby said, citing the previous competition from short-term rentals. “Very clearly, with these regulations in place, there will be visitors to stay in hotel rooms, there will be a market for hotel rooms and they’re making the decision to proceed. This is very good news.”
Victoria-based Property Rights B.C. has filed a lawsuit against the province and city of Victoria to fight the new regulatory system.
It maintains the province overstepped its authority and its lawsuit is focused on preserving the rights to own and operate short-term vacation rentals. The organization is also seeking a delay in enforcement.
Asked about the lawsuit, Eby said he can’t comment on a matter that’s before the courts, “but what I can say is we’re very confident in the legal authority of the province to regulate the housing sector in this way and we’ll make the arguments that are needed in court to address that.”
More communities initially exempt from the province’s new regulations have opted in, including Gabriola Island, Mill Bay/Malahat, Cobble Hill, Cowichan Station/Sahtlam/Glenora, Cowichan Lake South/Skutz Falls, Saltair/Gulf Islands and North Oyster/Diamond. Tofino previously announced it would opt in.
Municipalities with fewer than 10,000 people, resort communities and regional districts are exempt from a requirement restricting short-term rentals to principal residences and either a secondary suite or laneway home/garden suite.
On Thursday afternoon, En-Pro International posted on X that “gas prices spiked 14 cents overnight, the largest single day jump since early 2022.” (AP Photo/Jenny Kane) (The Associated Press)
Gas prices across Canada climbed an average of 9.4 cents per litre of regular fuel over the past seven days, the biggest weekly gain so far in 2024. Cities in Ontario and Quebec booked eye-watering 20 cent-plus gains, while prices were virtually flat for drivers in the Western and Maritime regions.
The average cost per litre of regular gasoline in cities nationwide rose to $1.806 from $1.712 between April 11 and April 18, according to data firm Kalibrate. Chicoutimi, Que. saw the biggest increase at 26.7 cents per litre, followed by Gatineau, Que., and North Bay, Ont. The Greater Toronto Area was hit with widespread gains above 15 cents per litre.
On Thursday afternoon, En-Pro International posted on X that “gas prices spiked 14 cents overnight, the largest single-day jump since early 2022.”
ADVERTISEMENT
“The steady build in U.S. crude inventories, combined with the reluctance of the Fed to lower interest rates, which would increase gasoline demand, should neutralize the impact of the conflict in the Middle East,” En-Pro chief petroleum analyst Roger McKnight wrote in a blog post.
“The refining industry will come back to normal levels by mid-June, so supply will balance demand, and prices should fall soon after the U.S. Memorial Day launch of summer.”
Rising gas prices was the top factor behind Statistics Canada’s slightly higher annual inflation reading for March. Year over year, the agency found gasoline prices increased 4.5 per cent last month, following a 0.8 per cent rise in February.
“Higher global prices for crude oil stemmed from supply concerns amid geopolitical conflict and continued voluntary production cuts, leading to higher prices at the pump,” StatCan said on Tuesday.
Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city.
(All figures in CAD cents)
LOCATION
April 11
April 18
Price change
Canada Average (V)
171.2
180.6
9.4
WHITEHORSE
189.9
189.9
0
VANCOUVER*
210.7
212.7
2
VICTORIA
206.2
206.9
0.7
PRINCE GEORGE
169.6
169.3
-0.3
KAMLOOPS
172.5
181
8.5
KELOWNA
174.6
175.8
1.2
FORT ST. JOHN
171.2
174.9
3.7
ABBOTSFORD
194.2
198.5
4.3
YELLOWKNIFE
161.9
161.9
0
CALGARY*
161.2
158.8
-2.4
RED DEER
159
159
0
EDMONTON
154.9
153.6
-1.3
LETHBRIDGE
161.9
161.9
0
LLOYDMINSTER
154.6
154.6
0
GRANDE PRAIRIE
156.9
158.7
1.8
REGINA*
158
157.3
-0.7
SASKATOON
157.4
156.9
-0.5
PRINCE ALBERT
154.6
155.8
1.2
MOOSE JAW
158.7
158.7
0
WINNIPEG *
141.4
141.6
0.2
BRANDON
142.5
143.3
0.8
CITY OF TORONTO*
163.7
179.3
15.6
BRAMPTON
164.3
179.6
15.3
ETOBICOKE
163.4
179
15.6
MISSISSAUGA
162.8
179.3
16.5
NORTH YORK
163.9
179.6
15.7
SCARBOROUGH
163.3
179.5
16.2
VAUGHAN/MARKHAM
163.5
179.2
15.7
OTTAWA
162.4
179
16.6
KINGSTON
162.3
179.3
17
PETERBOROUGH
160.1
172.2
12.1
WINDSOR
162.4
177.8
15.4
LONDON
163.5
177.4
13.9
SUDBURY
167.4
185.8
18.4
SAULT STE MARIE
160.2
174.3
14.1
THUNDER BAY
165.8
175.5
9.7
NORTH BAY
161.5
182.6
21.1
TIMMINS
169.7
183.6
13.9
HAMILTON
161.6
178
16.4
ST. CATHARINES
160.4
177.1
16.7
BARRIE
162.8
178.2
15.4
BRANTFORD
161.1
176.2
15.1
GUELPH
163.4
178.4
15
KITCHENER
163.1
179
15.9
OSHAWA
163.8
179.4
15.6
SARNIA
161.7
178.9
17.2
MONTRÉAL*
173.7
190.5
16.8
QUÉBEC
172.1
187.4
15.3
SHERBROOKE
169.5
185.3
15.8
GASPÉ
172.7
189.4
16.7
CHICOUTIMI
155.1
181.8
26.7
RIMOUSKI
169.4
189.4
20
TROIS RIVIÈRES
169.8
186.7
16.9
DRUMMONDVILLE
166.7
183.9
17.2
VAL D’OR
169.6
182.7
13.1
GATINEAU
152.7
175.9
23.2
SAINT JOHN*
175.1
179.1
4
FREDERICTON
176.6
181.7
5.1
MONCTON
176.8
181.9
5.1
BATHURST
176.8
182.3
5.5
EDMUNDSTON
175.2
175.8
0.6
MIRAMICHI
177.9
183.1
5.2
CAMPBELLTON
175.7
179.9
4.2
SUSSEX
176.2
181
4.8
WOODSTOCK
177.8
183.1
5.3
HALIFAX*
172.1
175.4
3.3
SYDNEY
174.1
177.2
3.1
YARMOUTH
173.2
176.3
3.1
TRURO
173.3
176.4
3.1
KENTVILLE
172.7
175.8
3.1
NEW GLASGOW
173.3
176.4
3.1
CHARLOTTETOWN*
173
173
0
ST JOHNS*
190.4
193.9
3.5
GANDER
192.9
196.4
3.5
LABRADOR CITY
197
200.5
3.5
CORNER BROOK
191.1
194.6
3.5
GRAND FALLS
192.9
196.4
3.5
SOURCE: KALIBRATE • All figures in CAD cents
(*) Denotes markets used in Volume Weighted Canada Average
Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.
Download the Yahoo Finance app, available for Apple and Android.
