Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
Trevor Milton, the founder of Nikola, a company that aims to revolutionize the transportation industry with electric and hydrogen fuel cell vehicles, is now trying to raise $1 billion for a new venture: AI-powered planes. According to a report by TechCrunch, Milton believes that autonomous planes will be '10 times harder than Nikola ever was.'
Milton's new venture, which has not been officially announced, is expected to focus on developing AI-powered planes that can operate without human intervention. The company's goal is to make air travel safer, more efficient, and more environmentally friendly.
The news comes as a surprise to many, given that Milton was recently pardoned by the US government after being charged with securities fraud. However, it seems that Milton is not letting his past mistakes hold him back, and he is now focusing on his new venture.
The AI-powered plane industry is still in its infancy, but it has the potential to revolutionize the way we travel. With the help of AI, planes can become more efficient, reducing fuel consumption and emissions. Additionally, AI-powered planes can also improve safety by reducing the risk of human error.
However, there are also concerns about the safety and reliability of AI-powered planes. As TechCrunch notes, 'autonomous planes will be 10 times harder than Nikola ever was.' This means that the development of AI-powered planes will require significant investment and research.
Despite the challenges, Milton is confident that his new venture will succeed. In an interview with the Wall Street Journal, he said, 'I'm not worried about the competition. I'm worried about the technology.'
The news of Milton's new venture has sparked interest in the AI-powered plane industry, and many are watching to see how it will develop. Will Milton's new venture be successful, or will it face the same challenges that Nikola faced? Only time will tell.
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[3] Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes