Faraday Future is a publicly-traded electric vehicle company that has plans for a highly-anticipated EV, the FF 91 Futurist. However, the vehicle has faced numerous delays, and with reports that the company was running low on financing a few weeks ago, investors had begun to question the viability of the project. In an attempt to jump start the conversation and drum up potential financing, Faraday Future recently announced that they were adding generative AI to their EV in the form of their Generative AI Product Stack. The company claims that the AI-technology will be able to process complex text and voice queries, as well as generate images and videos.
Faraday Future’s public persona is that of perpetual promise-maker, having pushed back the initial delivery of the FF 91 Futurist EV to the end of May, with phases two and three still a question mark. The announcement of the Generative AI Product Stack had driven the stock up 6.2%, only to quickly come back down to lower levels soon after. Although the integration of AI-technology is impressive, it remains to be seen whether the company will be able to gain the financial backing needed to propel the project forward and make the car available on the market.
The Faraday Future story has been one of blood, sweat and tears. Founded in 2014 as an upstart electric vehicle manufacturer, the company has been under the tutelage of tech entrepreneur Jia Yueting ever since. With numerous money troubles, production delays and patent lawsuits, it remains to be seen if Faraday Future will be able to move forward with the FF 91 Futurist EV or if it will ultimately be left as just another vaporware EV.
