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Stock impact report

Palmer Luckey says AI will make hardware so cheap you'll be able to buy a ‘Ford F-150 for $1,000' [Yahoo! Finance]

Rockwell Automation, Inc. (ROK) 
Last rockwell automation, inc. earnings: 4/28 07:02 am Check Earnings Report
Company Research Source: Yahoo! Finance
Decades later, Henry Ford invented the assembly line, dramatically lowering the cost of a Model T and placing car ownership within the reach of average Americans. But Anduril cofounder Palmer Luckey thinks production can go a step further. In a conversation with Andreessen Horowitz partner Chris Dixon at a16z's Founders Summit, the billionaire predicted AI will make manufacturing so cheap the cost of a car will drop thousands of dollars. “I really do believe that in our lifetimes you'll be able to go buy something that's like a Ford F-150 for $1,000,” Luckey said. “The cost of extracting and transforming it will go to near zero, and we're going to compete the margins way down. It's just not that crazy.” The tech founder predicts producing and recycling vehicles will become so cheap, cars could become seasonal purchases. “I bet you'll be able to recycle [a car] with 90% efficiency at the end of the season,” Luckey said. “You'll say, ‘What's my summer car going to be? Let's go d Show less Read more
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