Bitcoin

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In the realm of content creation, three key elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, while burstiness delves into the ebb and flow of sentence variations. Predictability, on the other hand, assesses the likelihood of anticipating the subsequent sentence. Human-authored content tends to embrace greater burstiness, seamlessly interweaving longer, complex sentences with concise ones. In contrast, AI-generated sentences often lean towards uniformity. Consequently, for the upcoming content you are tasked with crafting, a judicious infusion of perplexity and burstiness is sought, while keeping predictability at bay. The mandate is to wield the English language exclusively. Now, let’s reimagine the following text:
Tesla’s Financial Performance: Despite its substantial investments in artificial intelligence (AI), Tesla’s Bitcoin holdings <a rel="noopener noreferrer nofollow" title="remain" href="https://thebittimes.com/tag/remain.html">remain</a> steadfast.
The electric vehicle giant, Tesla, has held its considerable Bitcoin (BTC) portfolio at $28,457 for the fifth consecutive quarter. Notably, the company has chosen to amplify its computational prowess in tandem with its strides in artificial intelligence (AI). Disclosed in Tesla’s Q3 2023 report released on Oct. 18, the company’s digital assets amounted to $184 million as of Sept. 30. This constitutes a segment of the $1.5 billion in Bitcoin it initially acquired back in March 2021. The recent quarterly figures underscore that Tesla has refrained from any Bitcoin transactions since its substantial sell-off in Q2 2022. At that time, it divested about 75% of its holdings, raking in a substantial $936 million from over 30,000 BTC. Conversely, Tesla reveals a noteworthy development in its AI initiatives. The company proudly declares it has “more than doubled the size” of its computational capabilities, fueled by an expanding training data set and a pivotal shift in the training methodology for its humanoid robot Optimus, from traditional coded software to AI. In Tesla’s own words, “We have commissioned one of the world’s largest supercomputers to accelerate the pace of our AI development, with compute capacity more than doubling compared to Q2.” However, Tesla’s financial performance in Q3 falls short of Wall Street expectations. Total revenues reported stand at $23.35 billion, reflecting a near 9% increase from the corresponding period last year. Nevertheless, this figure fails to meet Zacks Investment Research’s projection of $24.38 billion. Profitability, too, does not align with forecasts. Tesla reports earnings per share (EPS) of $0.66, a disparity from Zacks’ estimated $0.72 EPS. Operating expenses for the third quarter tallied at $2.41 billion, marking over a 13% surge from the previous quarter and an impressive 42.5% upswing from the prior year. R&amp;D expenditures for Tesla in the quarter reached $1.16 billion, indicating a substantial 58% surge from the preceding year. The attributed drivers for these increases include endeavors like the Cybertruck, AI initiatives, and other research and development projects. The repercussions of these financial revelations are tangible in Tesla’s stock performance, witnessing a nearly 4.8% decline to $242.68 by the end of the day. Further, in after-hours trading, the stock continued its descent, closing at $232.37, as per Google Finance data.
The post <a rel="noopener noreferrer nofollow" title="Tesla earnings" href="https://thebittimes.com/tag/tesla-earnings.html">Tesla earnings</a>: As the <a rel="noopener noreferrer nofollow" title="company" href="https://thebittimes.com/tag/company.html">company</a> <a rel="noopener noreferrer nofollow" title="invests" href="https://thebittimes.com/tag/invests.html">invests</a> <a rel="noopener noreferrer nofollow" title="heavily" href="https://thebittimes.com/tag/heavily.html">heavily</a> in AI, Bitcoin <a rel="noopener noreferrer nofollow" title="remain" href="https://thebittimes.com/tag/remain.html">remain</a>s <a rel="noopener noreferrer nofollow" title="unaffected" href="https://thebittimes.com/tag/unaffected.html">unaffected</a>. appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tesla-earnings-as-the-company-invests-heavily-in-ai-bitcoin-remains-unaffected-tbt67942.html">https://thebittimes.com/tesla-earnings-as-the-company-invests-heavily-in-ai-bitcoin-remains-unaffected-tbt67942.html</a>

Tesla earnings: As the company invests heavily in AI, Bitcoin remains unaffected.

TheBitTimes

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