Zurich Insurance Australia announced it will factor Tesla's Full Self-Driving (Supervised) technology into premium calculations for its InsureMyTesla offering, becoming the first insurer in Australia and only the second globally to do so. The move follows Tesla's claims that FSD (Supervised) users experience seven times fewer collisions, though University of Queensland researchers found 500 safety-critical events during testing that highlighted both capabilities and limitations of the technology.
Zurich Insurance will offer premium discounts to Australian Tesla owners who use the vehicle's self-driving technology, making Australia only the second market globally to provide such incentives despite ongoing safety concerns about the autonomous system.
Australian insurer Zurich is offering discounted premiums to Tesla owners using Full Self-Driving Supervised mode, based on early data showing lower accident frequency compared to human-driven journeys. The Level 2 autonomous system, which requires constant driver supervision, has accumulated over 132 million kilometres on Australian roads since launching about 12 months ago, though the technology still has limitations in handling certain road features.
When employees David Hoeller, Nikita Rudin, and Bing Xu left Nvidia to start robotics and AI chip startups, CEO Jensen Huang offered departing advice characterized by direct feedback and candor rather than pressure to stay. Huang critiqued Rudin and Hoeller's company name and warned of entrepreneurial challenges, while telling Xu that poor communication was his weakness, though he also showed personal concern for Xu's health. Nvidia later invested in Flexion Robotics, which has raised over $57 million.