
Tesla gets a big shoutout from Jensen Huang, says this Elon Musk product is the next trillion-dollar industry
Nvidia CEO
Jensen Huang is very optmistic about Musk's most ambitious creations, Tesla's
Optimus humanoid robot
, because, according to him, it could be the first to reach mass adoption and become a multi-trillion-dollar industry, as per a report.
Jensen Huang Loves Working With Elon Musk
During an interview with Bloomberg, when Huang was asked about Tesla's growing relationship with Nvidia and its potential in robotics, artificial intelligence, and autonomous systems, he praised Musk and called him "an extraordinary engineer," reported Benzinga.
He even shared that, "I love working with him," and added, "We've built some amazing computers together. We're going to build many more computers together," as quoted in the report.
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Optimus: The Robot That Could Change Everything
Huang highlighted that Musk's ventures, like Grok, self-driving car initiatives and the Optimus robot, are world-class, revolutionary and full of massive potential, according to Benzinga.
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He then spoke about Optimus and mentioned, "This is the first robot that really has a chance to achieve the high volume and technology scale necessary to advance technology," adding, "I think this is likely to be the next
multi-trillion dollar industry
," as quoted in the report.
Earlier this year, Musk had revealed that his EV giant has planned to produce several thousand units of its Optimus humanoid robot in 2025 for use internally, and after gaining feedback from these deployments, it will develop the next version, which is expected to launch in 2026, as per Benzinga.
FAQs
How is Nvidia involved with Tesla?
Nvidia provides the computing power behind Tesla's AI and autonomous driving systems and likely will for robots too.
Why does Huang admire
Elon Musk
?
He calls Musk 'an extraordinary engineer' and says they've built powerful computing systems together, with more projects on the way.

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Time of India
15 minutes ago
- Time of India
How fast you take loans also impacts your credit score, not just the amount: Bhavesh Jain, MD & CEO, TransUnion CIBIL
What behavioural shifts do you observe among borrowers? Based on the data available with us, approximately 60 crore individuals in the country have some credit history. Of these, around 27 crore are currently credit-active. Almost 67% of these are running a single credit facility. What we are observing is that the generational gap or the behavioural preferences are becoming stark. Gen Z and those in their 30s increasingly prefer consumption loans. The average age of consumption loan borrowers in the country is 31-odd years, which is very similar to the median age of India, which is around 28 years. Comparatively, the average age of home loan borrowers is 41 years. So there's a decade of difference in the preference of retail credit products in the country. Why is this significant? When a youngster comes into the job market, the first borrowing is in the form of a smartphone loan. Pre-Covid, it used to be a two-wheeler loan. Now, it's the phone loan that brings a big quantum of individuals into the formal credit sector. And these consumers who take the first phone loan, graduate towards taking a credit card, personal loan or any of these products. There is a clear behavioural shift toward loans with shorter tenures— typically under two to three years—possibly driven by borrowers in the gig economy or those with mobile, locationflexible jobs. So they probably don't want to look at a long term credit commitment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo They prefer the short ticket, short tenure credit exposure. At the same time, post-Covid, the average age of mortgages has actually inched up. Why so? Property prices have gone up post-Covid. One needs to have at least 30-35% of savings to make the down payment. You also need to make sure that you are able to cover your day-to-day expenses . Another shift is in the nice geographical spread of credit preference and penetration. The loan growth is happening in semi-urban and rural locations as well. It's no longer an urban or a metro phenomenon. So credit is today well spread across different geographies, age groups and product segments. Live Events How has credit score evaluation evolved? What additional data points get covered now? Since launching the CIBIL score in 2007, I've seen it evolve to its third generation, with balance buildup now added as a key parameter. Between you and me, suppose our profiles are hypothetically very similar. Similar profile, similar income. But between you and me, you have taken three loans over three years, I have taken three loans in three months. I am a riskier profile as compared to you, because I am building up balances in a very short period. Traditional credit underwriting primarily focuses on debt-to-burden ratios or FOIR (Fixed Obligation to Income Ratio). It compares the borrower's income against the loan obligation, assesses the disposable income left and calculates if the individual can service the loan or not. But now balance buildup or velocity also gets factored in. One parameter which has continued over the last 15-16 years is the individual's credit hunger. Evaluating offers across five-seven banks is credit evaluation, and it's perfectly fine. But when someone applies to, say, five institutions within the span of a month, that aspect is credit hungriness. I want to highlight the distinction between credit shopping and credit hungriness. It's not just about making a loan inquiry—it's about actually applying for credit. When you apply, the lender pulls your credit report, which leaves a footprint in the credit bureau records. Banks only do this when a formal credit application is made. Loan enquiry is if you go on the website of a bank and check the rate of interest. You are not applying for credit. But somebody seeking credit from multiple locations or credit institutions is considered credit hungry, which is risky. Another aspect is trying to understand own credit report. Somebody comes on takes their free annual credit report or takes it on a monthly basis. That is the right of the consumer. When they take their own credit report, there is no impact on the score because you are not applying for credit. So I want to draw the difference between checking credit score or understanding the terms and conditions which are most favourable for a consumer versus multiple credit applications. It will not make a difference if somebody applies to two places versus three places. But applying to 10 will make a difference to the score. So these are the parameters which have stayed or have got added over time. Obviously, credit performance and credit behaviour—if an outstanding loan is being paid or not—will have the highest weightage in the credit score, since that shows if a borrower has paid or not paid at all. That would be the foundation of the credit profile. How will RBI's new rules on quicker credit reporting impact borrowers? It's a very progressive circular. Lenders will now submit data fortnightly, compared to monthly earlier. This ensures there is a better visibility for the credit institution to know about the consumer's obligations. If someone has taken a loan recently, then it will reflect in the credit report and the lender knows that this consumer already has taken a debt from another institution. So they will incorporate that in their underwriting. Same goes for the consumer. If a consumer has paid a home loan, done part payment or foreclosed a loan or made a credit card bill payment, then his or her credit report gets refreshed at a better frequency. 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Each bank has its own credit underwriting policies which are evolving continually. So they would have a very different policy for an unsecured loan versus a secured loan . In a secured loan, they look at the borrower profile as well as the asset profile. On the unsecured front, the underwriting would happen largely on the borrower. Further, different banks would have a different threshold for the credit score, credit profile, on the time they would take to disburse a loan. And yes, credit score is just one variable into the credit underwriting. They would also look at income,monthly expenses, employment, credit performance, etc, before giving or not giving a loan. Rising delinquencies are being observed in personal loans and credit cards. Is credit behaviour deteriorating? Credit card delinquencies have inched up marginally over the past year. There are two reasons for this: credit performance and the denominator effect. The new credit card issuances have come down year-on-year. Personal loan delinquencies have been stable. The reason is tightening of credit policies by credit institutions. On the secured loans, the portfolio quality has improved. There have been multiple policy interventions by credit institutions. The MSME segment portfolio quality has also been stable, barring the less than Rs.10 lakh ticket size. So overall, the only outlier is the credit card segment. Consumers who are aware of their credit history and credit score tend to perform significantly better than those who don't monitor them. Today, we have a sizable number of individuals who access their own CIBIL report and score. Individuals who have accessed their CIBIL report and score in recent times, tend to perform better. It's very simple: If I check my health parameters, I'm bound to take care of my health because I'm conscious that I need to ensure my parameters are within the threshold. The performance is far sharper when it's a woman borrower. A woman borrower who is credit-aware performs really well. Credit card and home loan offtake has seen a decline Small loan apps have reshaped lending, providing quick loans with few taps on the phone. Has this affected credit behaviour? These small ticket personal loans form a very tiny portion of the overall credit market. In the last 12-18 months, most credit institutions have done multiple policy interventions and credit tightening. That is why, personal loan demand has moderated. At the same time, the larger banks and NBFCs are focusing on the higher ticket size personal loan. As technology evolves and digitisation happens, it is good to have quick access to loans. Ease of credit enables ease of doing business. But credit discipline and education should be encouraged. It is important that you take a loan only when needed. Avail credit within your means. Pay back on time. This area needs to be worked upon. 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- Time of India
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Time of India
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- Time of India
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Be wise and maintain a 6-12 month buffer of living expenses to remain confident through turbulent times. If you are freelancing, then buy and renew your term insurance and health covers. The game of compounding A portfolio career is like investing in multiple high-potential stocks . You don't know which ones will give steady dividends, versus which will become multi-baggers. The best you can do is to let them all compound over long periods. Each role adds to your skills, brand, and network. A workshop client becomes a collaborator, a blog reader becomes an employee, and your teaching makes you a better story-teller. Not only do you diversify risk, you also maximise your luck surface area. Get started today with one tiny step. Your future is not a single road, but a network. You get to build it—one income stream at a time. 5 SIGNS YOU'RE READY FOR A PORTFOLIO CAREER 1. BORED DESPITE PROMOTIONS You have climbed the corporate ladder, gotten the titles, and hit your annual goals continuously. Yet, something is amiss, and you feel uninspired and restless. Is it a deeper sign that you crave variety or creativity that traditional roles and titles no longer fulfil? 2. SKILLS BEYOND YOUR DAY JOB You have multiple interests that you have pursued as hobbies. Now you have talents in content writing or photography or coding, or storytelling, skills that your current job does not use. If you find yourself daydreaming about monetising those abilities, then you are already halfway there. 3. ATTRACTED TO MULTIPLE FIELDS Your curiosity is not limited to one space. You are exploring new domains all the time: reading up on startups one day and diving into wellness trends another day. Your hobbies and conversations span sectors. This polymath curiosity is a feature, not a bug, and is perfect for a portfolio career. 4. 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