Artificial Intelligence (AI) has rapidly evolved in recent years, leading to groundbreaking innovations and transforming various industries. One crucial factor driving this progress is the availability and quality of training data. As AI models continue to grow in size and complexity, the demand for training data is skyrocketing. At the heart of AI lies machine learning, where models learn to recognize patterns and make predictions based on the data they are fed. In order to improve their accuracy, these models require large amounts of high-quality training data.

Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. The entrepreneur made the comment on a podcast with Cathie Wood and Tasha Keeney of ARK Invest, a firm that owns shares in the company. Tesla's automated driver assistance system Autopilot has garnered both positive attention for the sophistication of its features and negative attention for its association with a number of high-profile accidents. "I think we will be feature complete – full self-driving – this year," Musk said. "Meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark."

SABRA LANE: Much of the traditional car making industry around the world could go bust during the next decade, as the cost of electric cars plunge and become affordable for average motorists. That's the prediction of a top researcher and investor who thinks a world of self-driving electric cars, including autonomous taxis, is only a few years away. Brett Winton, the director of research at the US based Ark Invest, believes a disruptive day of reckoning is coming for complacent car making giants, who've failed to adapt their manufacturing models to confront new challengers like Tesla. Mr Winton is visiting Australia and he spoke about a not too distant "new world" of artificial intelligence with Senior Business Correspondent, Peter Ryan. You can look at some of the advances in artificial intelligence and see that computers are going to have the capability to solve the game of driving the car, and likely a lot safer than humans.